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Flying Tulip Weekly Update: August 28
This week, Flying Tulip live-product TVL reached $23.57M, with $18.50M in Lend and $5.07M in ftUSD.
Total protocol fees reached $73.43K, while protocol buybacks crossed 947K FT.
Current APYs:
— Lend USDC: 2.97% on Ethereum / 8.67% on
One Signature, Many Transactions
Bundles make multi-step workflows atomic, but that can still mean multiple wallet confirmations.
With the delegate pattern, the user signs once and a temporary delegate account completes the rest of the workflow inside the bundle.
A closer look at what @flyingtulip_ is building, from capital efficiency and ftUSD lending to leveraged trading and the broader one stop onchain finance vision.
"People think that DeFi is dying, instead, I think that the early version of DeFi is slowly dying"
Anton, co-founder of @flyingtulip_ shared his view on the problem of DeFi and where is DeFi going.
Timestamps
00:26 Intro & Anton Nell's background — Andre Cronje's right-hand man
Capital efficiency at the protocol level, reflected across multiple pools on @MetropolisDEX:
▪️ETH– S: 14x TVL/volume, 527% APR
▪️S–USSD: 14x TVL/volume, 642% APR
▪️ETH–USSD: 4.5x TVL/volume, 311% APR
DLMMs putting liquidity to work on Sonic.
GM $S, the @SonicEcosystem is waking up!
Metropolis DLMM engines are running in full power ⚡️
Less than $138,500 active trading TVL.
Generating more than $450,000 24h Volume!
That's an insane 3x TVL/Volume ratio on a protocol level. Pushing the capital efficiency to
