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Logo of Flying TulipFlying Tulip(FT)
Total Value Locked$5.88m

TVL by Chain

Ethereum$5.68m

Sonic$205,215

Key Metrics

Fees (Annualized)$9.88m
Fees 30d$133,253

Ethereum$129,713

Sonic$3,545

Fees 7d$27,534

Ethereum$26,875

Sonic$661

Fees 24h$5,104

Ethereum$5,027

Sonic$77

Cumulative Fees$3.87m

Ethereum$3.87m

Sonic$5,049

Revenue (Annualized)$9.87m
Revenue 30d$130,984

Ethereum$129,368

Sonic$1,617

Revenue 7d$26,857

Ethereum$26,751

Sonic$107

Revenue 24h$5,012

Ethereum$5,010

Sonic$2

Cumulative Revenue$3.87m

Ethereum$3.87m

Sonic$2,630

Holders Revenue (Annualized)$0
Holders Revenue 30d$0

Ethereum$0

Sonic$0

Holders Revenue 7d$0

Ethereum$0

Sonic$0

Holders Revenue 24h$0

Ethereum$0

Sonic$0

Cumulative Holders Revenue$0

Ethereum$0

Sonic$0

Market Cap$121.36m

$FT Price$0.099

All Time High$0.3

All Time Low$0.068

Fully Diluted Valuation$986.08m

$FT Volume 24h$137,036

CEX Volume$111,208

DEX Volume$28,334(20.68% of total)

Active Loans$568,029

Treasury$52.05m

Majors$8.26m

Stablecoins$43.77m

Own Tokens< $0.0001

Others$20,614

Total Raised$431.5m

Sep 29, 2025$200mRound: SeedInvestors: Brevan Howard, DWF Labs, CoinFund, Hypersphere Ventures, Lemniscap, Selini Capital, Nascent, Tioga Capital, FalconX, Sigil Fund, Virtuals Protocol, Republic Digital

Jan 29, 2026$25.5mRound: Series AInvestors: Amber Group, Fasanara Capital, Paper Ventures

Feb 23, 2026$206mRound: Public token sale

Protocol Information

Flying Tulip is a yield aggregation protocol that pools user deposits into wrapper contracts and deploys them into automated yield strategies.

CategoryLending
WebsiteTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Flying Tulip Yield - Yield generated from deposited assets in Flying Tulip wrappers + marketplace fees from PUT trades.View code on GitHubFlying Tulip Lend - Sum of (a) borrower interest accrued across every Lend reserve, (b) leverage trading fees from LeverageRfqEngine open/close/collateral-swap events, and (c) RFQ liquidation fees from RfqEngine.View code on GitHubFlying Tulip ftUSD - Mint and redeem fees charged by the ftUSD MintAndRedeem engine on every mint/redeem, summed from Minted and Redeemed events.View code on GitHub

Revenue:

Flying Tulip Yield - Protocol revenue from claimed yield.View code on GitHubFlying Tulip Lend - Leverage trading fees and RFQ liquidation fees flow to the Flying Tulip treasury via feeCollector and liqFeeCollector. Borrower interest does not retain a protocol cut on chain.View code on GitHubFlying Tulip ftUSD - All ftUSD mint/redeem fees are sent to the Flying Tulip treasury via sweepFees, so revenue equals fees.View code on GitHub
Holders Revenue: View code on GitHub

Yields

Pools Tracked2

Average APY8.77%