Flying Tulip ftUSD
Total Value Locked$697,265
TVL by Chain
Sonic$696,670
Ethereum$594.44
Key Metrics
Fees 30d$1,334
Fees 30d by chain
Ethereum$960.38
Sonic$373.59
Fees 7d$271.58
Ethereum$178.13
Sonic$93.45
Fees 24h$208
Ethereum$175
Sonic$32.58
Cumulative Fees$12,770
Ethereum$9,442
Sonic$3,330
Revenue 30d$1,334
Revenue 30d by chain
Ethereum$960.38
Sonic$373.59
Revenue 7d$271.58
Ethereum$178.13
Sonic$93.45
Revenue 24h$208
Ethereum$175
Sonic$32.58
Cumulative Revenue$12,770
Ethereum$9,442
Sonic$3,330
Holders Revenue 30d$0
Holders Revenue 30d by chain
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
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 collateral backing ftUSD by enumerating each MintAndRedeem-registered ftYieldWrapperV2 and reading positionToken() on each of their strategies. External-receipt strategies (Aave, Spark) contribute the receipt balance at the strategy address. Other strategies (Flying Tulip Delta-Neutral) contribute their strategy shares held by the parent wrapper, priced server-side at 1:1 with the underlying asset.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: All ftUSD mint/redeem fees are sent to the Flying Tulip treasury via sweepFees, so revenue equals fees.View code on GitHubHolders Revenue: View code on GitHubYields
Pools Tracked2
Average Supply APY11.44%
Competitors
Frequently Asked Questions
What is Flying Tulip ftUSD's TVL?
Flying Tulip ftUSD currently has $697,265 in total value locked. TVL has decreased 69.3% over the past 30 days.
What chains does Flying Tulip ftUSD operate on?
Flying Tulip ftUSD operates on 2 chains: Sonic and Ethereum. Sonic holds the largest share at 99.9%.
How much has Flying Tulip ftUSD generated in fees and revenue?
Over the past 30 days, Flying Tulip ftUSD generated $1,334 in fees. Of that, $1,334 was protocol revenue. Based on the trailing year, the annualized rate is $20,562 in fees and $20,562 in revenue.
How does Flying Tulip ftUSD's TVL compare to similar protocols?
Among Yield Aggregator protocols tracked by DefiLlama, Flying Tulip ftUSD ranks #44 by TVL. The category holds $1.414b across 192 protocols, and Flying Tulip ftUSD accounts for <0.1% of that total. Other leading protocols include Beefy, vfat.io, YieldFi, DexFi Aggregator, Trevee Earn, BIM Yield, Lazy Summer Protocol, Yelay V3, CIAN Yield Layer, and Fluid Lite.
How many yield pools does Flying Tulip ftUSD have?
DefiLlama tracks 2 Flying Tulip ftUSD yield pools with an average APY of 11.4%.