seg.sonic
1.2K posts



So many new building blocks required to get here onchain. You can do this strategy with active management (in a limited fashion onchain), but no passive options, so we had to first rebuild an issuance / settlement layer (ftUSD), that can then feed into a margin based lending system (LTV based doesn't work here), with onchain RFQ for fillers, all just to enable a passive way to scale this trade. Bit more hardening and we can scale up leverage and caps. At scale this does ~8%-12% on USDC/USDT.


Flying Tulip’s stablecoin ftUSD is now live on Sonic. ftUSD lets users earn yield on USDC (and soon USSD). Incentives / points are not live. Deposit and Earn: flyingtulip.com/ftusd/dashboard Current parameters: • ~6% yield • Capped launch: 1M ftUSD • Mint & redeem fees: 0.1% • CircuitBreaker: deposits >50k are queued Next targeted product: Margin Lending



























