Total Value Locked$5.44m
TVL by Chain
Ethereum$4.73m
Sonic$710,052
BSC$1,863
Key Metrics
Fees 30d$1,616
Fees 30d by chain
Ethereum$1,114
Sonic$498.95
BSC$1.29
Fees 7d$231.78
Ethereum$163.65
Sonic$66.93
BSC$0.35
Fees 24h$55.72
Ethereum$51.02
Sonic$4.34
BSC$0.35
Cumulative Fees$13,887
Ethereum$10,195
Sonic$3,690
BSC$1.71
Revenue 30d$1,616
Revenue 30d by chain
Ethereum$1,114
Sonic$498.95
BSC$1.29
Revenue 7d$231.78
Ethereum$163.65
Sonic$66.93
BSC$0.35
Revenue 24h$55.72
Ethereum$51.02
Sonic$4.34
BSC$0.35
Cumulative Revenue$13,887
Ethereum$10,195
Sonic$3,690
BSC$1.71
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.
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 GitHubYields
Pools Tracked2
Average Supply APY7.91%
Competitors
Flying Tulip ftUSD history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from May 12, 2026 to Oct 25, 2026.
All-time high TVL: $5.52m on Oct 24, 2026. All-time low TVL: $1.69m on May 12, 2026.
Daily TVL, Sep 26, 2026 to Oct 25, 2026
| Date | TVL |
|---|---|
| Sep 26, 2026 | $4.62m |
| Sep 27, 2026 | $4.64m |
| Sep 28, 2026 | $4.64m |
| Sep 29, 2026 | $4.64m |
| Sep 30, 2026 | $4.63m |
| Oct 1, 2026 | $4.67m |
| Oct 2, 2026 | $4.71m |
| Oct 3, 2026 | $4.82m |
| Oct 4, 2026 | $4.85m |
| Oct 5, 2026 | $5.06m |
| Oct 6, 2026 | $5.11m |
| Oct 7, 2026 | $5.14m |
| Oct 8, 2026 | $5.15m |
| Oct 9, 2026 | $5.16m |
| Oct 10, 2026 | $5.18m |
| Oct 11, 2026 | $5.19m |
| Oct 12, 2026 | $5.42m |
| Oct 13, 2026 | $5.42m |
| Oct 14, 2026 | $5.41m |
| Oct 15, 2026 | $5.38m |
| Oct 16, 2026 | $5.36m |
| 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 |
TVL at each month end, May 2026 to Oct 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 25, 2026 (latest) | $5.51m |
Fees, revenue and holders revenue by UTC calendar month, Feb 2026 to Oct 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 (to date) | $1,562 | $1,562 | $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 Oct 25, 2026, Flying Tulip ftUSD has $5.44m in total value locked. TVL has increased 18.2% 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 86.9%.
How much has Flying Tulip ftUSD generated in fees and revenue?
Over the past 30 days, Flying Tulip ftUSD generated $1,616 in fees. Of that, $1,616 was protocol revenue. Based on the trailing year, the annualized rate is $20,691 in fees and $20,691 in revenue.
How does Flying Tulip ftUSD's TVL compare to similar protocols?
Among Yield Aggregator protocols tracked by DefiLlama, Flying Tulip ftUSD ranks #23 by TVL. The category holds $1.243b across 190 protocols, and Flying Tulip ftUSD accounts for 0.4% 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 7.9%.