Ask about Flying Tulip
Logo of Flying TulipFlying Tulip(FT)
Total Value Locked$5.06m

TVL by Chain

Ethereum$4.13m

Sonic$923,866

Key Metrics

Fees (Annualized)$1.65m
Fees 30d$135,350

Ethereum$132,200

Sonic$3,152

Fees 7d$37,540

Ethereum$35,659

Sonic$1,883

Fees 24h$2,372

Ethereum$2,197

Sonic$176

Cumulative Fees$3.84m

Ethereum$3.83m

Sonic$4,327

Revenue (Annualized)$1.63m
Revenue 30d$133,715

Ethereum$131,998

Sonic$1,717

Revenue 7d$36,659

Ethereum$35,551

Sonic$1,108

Revenue 24h$2,227

Ethereum$2,178

Sonic$49

Cumulative Revenue$3.84m

Ethereum$3.83m

Sonic$2,537

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$122.51m

$FT Price$0.095

All Time High$0.3

All Time Low$0.068

Fully Diluted Valuation$945.65m

$FT Volume 24h$597,811

CEX Volume$114,753

DEX Volume$635,033(106.23% of total)

Active Loans$679,576

Treasury$53.94m

Majors$9.23m

Stablecoins$44.69m

Own Tokens< $0.0001

Others$19,490

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 APY9.71%