@Schlagonia For:
DeFi is dying having less than money market yield with higher risk. We need more yield.
Against:
Without the tax benefit, STRC's risk might not be worth it for DeFi. Also tokenized STRC will return less than the stock.
Conclusion: nope.
@3janexyz x @flyingtulip_ x @Equifax
ftPUT holders can now access up to 30% $USDC leverage with 0% collateral — credit scores 🤝 crypto.
Another life is possible.
La plataforma creada por André Cronje consiguió una financiación de 200M como capital semilla. Ahora que está abierto a todo el mundo ha recaudado 150M.
No es que 150M sea poco. De hecho se situaría ya a nivel de otros ICOs históricos como Bancor y el famoso ICO de Tezos fueron algo más de 200M creo recordar. Pero se supone que es una inversión sin downside. Cuando quieras puedes recuperar el capital invertido. Incluso antes de que generen el token. De hecho cuando se genere el token, si el precio no te conviente, puedes recuperar el dinero de la inversión.
De hecho incluso mientras se está produciendo la preventa ya se están generando beneficios que se usarán para recomprar y quemar el token. Ya que el dinero que dejas se deja en AAVE y Lido y, los pequeños ingresos que deja, se usarán para eso.
Y todo de la forma más transparente posible ya que la posibilidad de retirar el dinero forma parte del código y todos los datos de dónde está el dinero recaudado son también públicos.
El objetivo con todas estas condiciones tan favorables para el inversor era recaudar 800M.
Yo he puesto un dinero. Ahora mismo AAVE está pagando rentabilidades tan bajas que el coste de oportunidad es muy bajo. Perder ese 1-2% APR no me importa. Pero estos malos números me parecen muy representativos del momento del mercado:
https://t.co/JlLI621ogs
Veremos qué tal sale todo.
In preparing for public sale starting next week, some Q&A;
1. Why raise $1bn? We aren't. Deposits are capped at $1bn, whatever is raised is deployed into low risk yield (currently 100% into Aave). This allows the depositor to get their full refund at any time. What are we actually raising? The yield, Flying Tulip takes the yield off of those deposits. That's the opportunity cost. What does the depositor get? They get FT, if FT outperforms their deposit, they withdraw FT, if it doesn't, they refund their full investment.
2. How does that set a 10c floor? If a depositor wishes to exit, they can withdraw FT and sell on market for profit if FT > 10c. Or they can refund at 10c. If they instead for some reason decide to withdraw and sell for less than 10c, their refund collateral is unlocked and used to buyback the token to 10c. So while there might be slight timing inconsistencies, the 10c floor is programmatic.
3. How can we see redemptions? They are already happening onchain, you can view via our dashboard; https://t.co/xuEGOI8g2J or onchain via the contracts, registry available here; https://t.co/UBddCMszla
4. Are there any redemption / refund conditions? None, you control the only access to your investment via the PUT option, you withdraw anytime for any reason, 0 interaction with Flying Tulip required, can do this via the contracts, or via our UI for it; https://t.co/2y8x2RMUKu
5. When is the product live? As soon as the token is transferable. The token is natively integrated into every touch point, every fee, revenue, yield point is used to buy FT and the FT is distributed to the user. This is normally a bad idea, giving a volatile token for people that expect fixed rewards, however, given our system has the inherent 10c floor, this means we can always distribute to guarantee yield at at least this floor. Meaning floor yield, but additional upside should token perform well.
6. What will be the first products? a) ftUSD (Flying Tulip USD), our native stablecoin & settlement layer (used throughout all future apps). At launch, this is a glorified USDC into Aave wrapper, but as soon as Margin lending has had some time to mature (1-2 weeks from launch), we will allow deposits from ftUSD into Lend, then ftUSD can activate the delta neutral play popularized by Ethena USDe, which will allow it to take any opportunity stETH/ETH, stBNB/BNB, stAVAX/AVAX, stS/S, etc and convert that yield for depositors. Current models show we can do at least 4%-8% yield on USDC/USDT deposits. This also has modules to expand into a full fledged CDP and arbitrage bot, but those are later. b) Margin Lending will go live at the same time, our lending market is not LTV based, but instead margin equity based, it functions as our "cross exchange margin account", you can still use it for standard lending (deposit USDC borrow BTC, etc), but its main purpose is to facilitate leverage efficiently and onchain. We will let this mature a bit, and when happy we will enable spot trading, leveraged spot, and TRS. All are part of the feature set day 1 but won't be enabled day 1, we are also doing a capped and controlled launch. a & b are dependencies for full onchain CLOB/AMM/derivatives/insurance, so once they have hardened in production we will enable those (these are separate to the built in spot trading, leveraged spot, or Total Return Swaps inside of Margin Lending). Roadmap: https://t.co/cPxNekSjfe
7. Where will the product be available? Our current deployments include Ethereum, Sonic, Binance Smart Chain, Avalanche, and Base. Contracts available in registry; https://t.co/DJrSYoMnLw. With expansions being reviewed for Hyperliquid, MegaETH, and Monad.
Ask any Flying Tulip related questions below you might still have and we will release more structured answers.
Participation begins with understanding.
Flying Tulip’s accredited investor quiz is now live at https://t.co/9MuMGyR6qw a 10-question gateway ensuring all participants understand our new raise model.
Study the material → https://t.co/z8b9FkZ5Vu
Take the quiz → https://t.co/9MuMGyR6qw
Pass the test, qualify for the $FT whitelist.
We’re proud to announce that Oro will be officially launching Tuesday, September 30th @ 04:00 UTC in collaboration with @MeteoraAG 🥇
Yield-bearing gold, onchain, only on Solana.
So one of my favorite dex aggros
@CoWSwap
is already on @ethereum@base@arbitrum@0xPolygon@avax@gnosischain
but SOON will deploy to
@BNBCHAIN
Volume Go UP!
Cow Fun Fact, Cowswap has BuyBack in effect on $COW
Read
https://t.co/Hlc6EZI0ZR
Look
https://t.co/TAeQwn7duo
Basically more COW bought, then rewarded to solvers.
Pamp my bags and make some swaps, and get MEV protection too.