Total Value Locked$5.65m
TVL by Chain
Ethereum$4.77m
Sonic$864,801
BSC$17,724
Key Metrics
Fees 30d$2,286
Fees 30d by chain
Ethereum$1,228
Sonic$741.01
BSC$317.01
Fees 7d$404.57
Ethereum$226.16
Sonic$167
BSC$11.68
Fees 24h$30.94
Ethereum$24.64
Sonic$6.30
BSC$0
Cumulative Fees$15,764
Ethereum$11,111
Sonic$4,335
BSC$318.02
Revenue 30d$2,286
Revenue 30d by chain
Ethereum$1,228
Sonic$741.01
BSC$317.01
Revenue 7d$404.57
Ethereum$226.16
Sonic$167
BSC$11.68
Revenue 24h$30.94
Ethereum$24.64
Sonic$6.30
BSC$0
Cumulative Revenue$15,764
Ethereum$11,111
Sonic$4,335
BSC$318.02
Holders Revenue 30d$0
Holders Revenue 30d by chain
BSC$0
Ethereum$0
Sonic$0
Holders Revenue 7d$0
BSC$0
Ethereum$0
Sonic$0
Holders Revenue 24h$0
BSC$0
Ethereum$0
Sonic$0
Cumulative Holders Revenue$0
BSC$0
Ethereum$0
Sonic$0
Protocol Information
ftUSD is a stablecoin backed by USDC, USDT and ftUSD-wrapped collateral deployed via MintAndRedeem into Aave yield strategies. Holders can stake into sftUSD (the yield-bearing form) to earn FT rewards funded by protocol fees that buy FT on the open market.
Part of Flying Tulip
Audits:
Methodology
TVL: Sums the collateral backing ftUSD across each MintAndRedeem-registered ftYieldWrapperV2: idle collateral held by the wrappers and their strategies, external yield receipts (Aave, Spark) held by the strategies, and the Flying Tulip Delta-Neutral strategy's full position in Flying Tulip Lend, read from the Lend position manager. flying-tulip-lend subtracts that position, so it is counted once.View code on GitHubFees: Mint and redeem fees charged by the ftUSD MintAndRedeem engine on every mint/redeem, summed from Minted and Redeemed events.View code on GitHubRevenue: Mint/redeem fees accrue to the protocol when charged, so revenue equals fees. Accrued fees can subsequently be swept to the Flying Tulip treasury.View code on GitHubHolders Revenue: View code on GitHubFlying Tulip ftUSD history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from May 12, 2026 to Nov 15, 2026.
All-time high TVL: $5.8m on Nov 10, 2026. All-time low TVL: $1.69m on May 12, 2026.
Daily TVL, Oct 17, 2026 to Nov 15, 2026
| Date | TVL |
|---|---|
| Oct 17, 2026 | $5.34m |
| Oct 18, 2026 | $5.46m |
| Oct 19, 2026 | $5.46m |
| Oct 20, 2026 | $5.48m |
| Oct 21, 2026 | $5.47m |
| Oct 22, 2026 | $5.52m |
| Oct 23, 2026 | $5.52m |
| Oct 24, 2026 | $5.52m |
| Oct 25, 2026 | $5.51m |
| Oct 26, 2026 | $5.4m |
| Oct 27, 2026 | $5.44m |
| Oct 28, 2026 | $5.67m |
| Oct 29, 2026 | $5.77m |
| Oct 30, 2026 | $5.55m |
| Oct 31, 2026 | $5.55m |
| Nov 1, 2026 | $5.54m |
| Nov 2, 2026 | $5.55m |
| Nov 3, 2026 | $5.64m |
| Nov 4, 2026 | $5.51m |
| Nov 5, 2026 | $5.76m |
| Nov 6, 2026 | $5.74m |
| Nov 7, 2026 | $5.79m |
| Nov 8, 2026 | $5.79m |
| Nov 9, 2026 | $5.8m |
| Nov 10, 2026 | $5.8m |
| Nov 11, 2026 | $5.79m |
| Nov 12, 2026 | $5.66m |
| Nov 13, 2026 | $5.72m |
| Nov 14, 2026 | $5.69m |
| Nov 15, 2026 | $5.69m |
TVL at each month end, May 2026 to Nov 2026
| Date | TVL |
|---|---|
| May 31, 2026 | $2.24m |
| Jun 30, 2026 | $3.51m |
| Jul 31, 2026 | $4.12m |
| Aug 31, 2026 | $3.82m |
| Sep 30, 2026 | $4.63m |
| Oct 31, 2026 | $5.55m |
| Nov 15, 2026 (latest) | $5.69m |
Fees, revenue and holders revenue by UTC calendar month, Feb 2026 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Feb 2026 | $342 | $342 | $0 |
| Mar 2026 | $1,767 | $1,767 | $0 |
| Apr 2026 | $674 | $674 | $0 |
| May 2026 | $2,684 | $2,684 | $0 |
| Jun 2026 | $2,164 | $2,164 | $0 |
| Jul 2026 | $1,634 | $1,634 | $0 |
| Aug 2026 | $1,599 | $1,599 | $0 |
| Sep 2026 | $1,461 | $1,461 | $0 |
| Oct 2026 | $2,465 | $2,465 | $0 |
| Nov 2026 (to date) | $1,005 | $1,005 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/flying-tulip-ftusd
Frequently asked questions
What is Flying Tulip ftUSD's TVL?
As of Nov 15, 2026, Flying Tulip ftUSD has $5.65m in total value locked. TVL has increased 5.4% over the past 30 days.
What chains does Flying Tulip ftUSD operate on?
Flying Tulip ftUSD operates on 3 chains: Ethereum, Sonic, and BSC. Ethereum holds the largest share at 84.4%.
How much has Flying Tulip ftUSD generated in fees and revenue?
Over the past 30 days, Flying Tulip ftUSD generated $2,286 in fees. Of that, $2,286 was protocol revenue. Based on the trailing year, the annualized rate is $21,712 in fees and $21,712 in revenue.
How does Flying Tulip ftUSD's TVL compare to similar protocols?
Among Yield Aggregator protocols tracked by DefiLlama, Flying Tulip ftUSD ranks #20 by TVL. The category holds $1.039b across 193 protocols, and Flying Tulip ftUSD accounts for 0.5% of that total. Similar protocols include Beefy, vfat.io, YieldFi, DexFi Aggregator, BIM Yield, CIAN Yield Layer, Superform, Badger DAO, Trevee Earn, and Teahouse Managed.
How many yield pools does Flying Tulip ftUSD have?
DefiLlama tracks 2 Flying Tulip ftUSD yield pools with an average APY of 7.1%.