Better Yield
Better UX
Flying Tulip introduces several first-of-their-kind onchain financial innovations while solving critical problems that limit capital efficiency and market access in existing DeFi protocols.
Why Flying Tulip Is an Upgrade for Investors & Traders
Flying Tulip introduces a new capital allocation mechanism and tokenomics designed for capital preservation and sustainable value creation through yield-funded buybacks, and long-term protocol growth.
Fixed Supply
Fixed Supply of 10 FT per $1 of collateral raised, capped at 10bn FT. There is 0 Inflation & unlimited upside. No time locks, no vesting cliff, fully liquid.
Downside Protection
Unique perpetual PUT option per investor with no trigger and it can be executed pro-rata. This ensures investor downside is protected and controllable, you can exit as little or as much as you want at any time, on your original terms.
Constant Buybacks
The token is natively integrated into the protocol, raised capital is deployed in DeFi with all sources of yield used to buyback and burn, increasing scarcity and holder value.
Backtest
(last 12 months)
Protocol TVL
Capital allocation to buybacks (from $1B raise)
Revenue to buybacks (from Protocol TVL)
Fees to buybacks (from Protocol TVL)
USD Stablecoin With Yield Built In
ftUSD is a delta-neutral stablecoin that maintains a $1 peg while auto-generating yield, fully transparent and auditable onchain. No third-party asset attestations or trust required.
User deposits are deployed across lending, borrowing, staking, and funding rates, offering 8-12% APY.
Why ftUSD?
Stable & Productive
Unlike passive stablecoins, ftUSD generates income without introducing price volatility.
No liquidation risk
Hedged exposure eliminates risk of margin calls and cascading liquidations.
Fully Decentralized
All assets and strategies are onchain and auditable.
Composable base layer
Serves as a scalable, yield-bearing building block for Flying Tulip applications (lending, trading, derivatives).
Lending That Understands Execution
Our money market sets risk by actual price impact and observed volatility, not just static asset lists. That means fewer liquidations in turbulence and higher caps in calm periods.
Slippage-Aware LTV
Borrow caps and health factor reflect slippage to close positions under stress.
Same-Asset Debt
Optional borrowing in the same denomination as collateral for delta‑neutral futures and structured strategies.
ftUSD Flywheel
Delta‑neutral yield engine feeds liquidity and tight pricing across markets.
More Than Just An Adaptive Curve
We studied what traders expect from top exchanges and built a unified onchain design that blends their best UX with verifiable settlement.
Better execution with Volatility‑aware curve + CLOB
Spot adapts to market regimes, while integrated limit orders route to the best price. No more choosing between Spot or orderbook liquidity.
Capital Efficient Impact‑based LTV
Borrow limits update with price impact and volatility so leverage stays available in calm markets and tight in stressed markets.
Instant access UX
Account abstraction and gas subsidies reduce onboarding friction. Deposit from multiple chains and start trading in minutes.
Futures Without Oracle Baggage
We didn't just avoid oracles, we replaced them with pricing from our exchange itself. The settlement data is the price. No oracles. No delays. No exploits. It's permissionless, safe, and self-sustaining. Powered by ftUSD.
This isn't incremental, it's the first time futures have been built to work like CEXs without sacrificing decentralization.
No more oracle baggage.
Just execution.
