Ask about Flying Tulip
Logo of Flying TulipFlying Tulip(FT)
Total Value Locked$9.68m

TVL by Chain

Ethereum$9.21m

Sonic$469,672

Key Metrics

Fees (Annualized)$8.85m
Fees 30d$118,754

Ethereum$116,339

Sonic$2,420

Fees 7d$27,506

Ethereum$27,062

Sonic$445

Fees 24h$3,219

Ethereum$3,156

Sonic$63

Cumulative Fees$3.95m

Ethereum$3.95m

Sonic$6,484

Revenue (Annualized)$8.84m
Revenue 30d$116,054

Ethereum$115,741

Sonic$313

Revenue 7d$26,973

Ethereum$26,906

Sonic$67

Revenue 24h$3,134

Ethereum$3,133

Sonic$1

Cumulative Revenue$3.95m

Ethereum$3.95m

Sonic$2,772

Holders Revenue (30d Run Rate)$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$118.23m

$FT Price$0.098

All Time High$0.3

All Time Low$0.068

Fully Diluted Valuation$976.03m

$FT Volume 24h$257,034

CEX Volume$164,894

DEX Volume$138,321(53.81% of total)

Active Loans$723,042

Treasury$49.13m

Majors$8.36m

Stablecoins$40.73m

Own Tokens$2,894

Others$29,141

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
WebsiteTwitterSafe Harbor Agreement

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 APY7.46%