DoctorDeFi

May was the month Flying Tulip’s margin-based Lend expanded across Sonic and Ethereum. Without token incentives or points, Lend TVL grew from $1.76M on April 30 to $6.44M on May 25. ▸ Lend lets users supply assets and earn yield, gives borrowers access to liquidity, enables delta-neutral strategies for ftUSD, and establishes the infrastructure for Spot, Leverage Trading, and TRS. ▸ Lend yield comes from two sources: borrower interest on used capital, and strategy yield on idle, not-borrowed capital. ▸ Spot will also be integrated with Lend. Limit orders are signed intents with a minimum price and expiry; while waiting to be filled, assets can remain deposited in Lend and continue earning yield in bought-back and distributed ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c.

.@flyingtulip_ is still early, but the design is clear. ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c is not sitting outside the product stack. Protocol revenue, yield, and fees are designed to route back through the token via open market buybacks. More products live → more revenue paths → more FT buybacks. This is how it looks 👇

sonic-3:native Sonic Network right now has one of the best @USDC supply rates on various money markets ▪️AAVE: 5.23% ▪️Flying Tulip: 5% No looping, no leverage pure lending rate!

@FlyingTulip_'s ftUSD yield ▪️Sonic: 5.07% ▪️Ethereum: 5.06% Total Supply: 2.09M You can mint ftUSD using USDC, USDT, and USSD. One-click minting and redemption. No exit queues, no cooldown period, and no unstaking lag. flyingtulip.com/ftusd/dashboar…

sonic-3:native Highlights of the week ▪️Sonic & The Clarity Act ▪️Bitcoin Pizza Giveaway ▪️AI after Dark featuring Sonic ▪️Flying Tulip Weekly Stats crossing 5M TVL on Sonic ▪️Shadow's bullish Monthly recap ▪️Sonic back in Chainspect Leaderboard ▪️Sodax adding assets on BNB, ETH & Arbitrum with Sonic continuing to serve as a core hub in the network

Slowly but surely. @flyingtulip_ core product revenue is ramping up, and so are the continuous Spot ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c buybacks funded by that revenue.

S/USDC market 20 on @SiloFinance has normalized after high utilization on Sonic. Earlier, USDC liquidity was fully borrowed and lenders had limited exit liquidity. Liquidity has now returned 🔥

Flying Tulip is scaling on Sonic! USDC deposit yield now 9%

@SonicLabs Has to be Pepperoni 🍕

Happy Bitcoin Pizza Day! 🍕 In celebration, we are giving away 10,000 $S to one lucky winner. To enter, you must: - RT this post - Comment your favorite pizza order Winner will be announced in 24 hours. Goodluck!

Flying Tulip Weekly Update - May 22 ETH Lend is growing, with collateral and borrow caps increased for BTC, USDC, and USDT. Margin Lending TVL is now above $5M, while ftUSD total supply crossed $2M — all without points or active incentives. More stats in reply 👇

Great to see sonic-3:native back on the leaderboards!

.@flyingtulip_ is still running in its bare-bones form. Live today: ▪️ftUSD on Sonic and Ethereum ▪️lending on Sonic and Ethereum Right now, ftUSD is mostly an intermediary asset that can be staked for yield. The real structural shift starts when: ➡️Spot goes live ➡️ftUSD becomes settlement currency ➡️ftUSD becomes collateral ➡️Lending utilization moves higher ➡️Loops begin across ftUSD / USDC / USSD ➡️ftUSD collateral comes in-house for yield generation And this is only the base layer for ftUSD and margin lending. Not even talking about leverage, TRS, futures, or the expansion to Base, Hyperliquid, and other markets. The current product is just the starting structure.

@DunkingSquirrel @coinbase gm sonic-3:native

gm @coinbase

@MrMinter_eth @SonicLabs @SonicEcosystem 👀

@SonicLabs @SonicEcosystem 👀

Sonic ⏳👀

sonic-3:native on @SonicLabs continues to be one of the best places onchain for LPs. Especially for majors and stable pools. If you are LPing BTC/USDC or ETH/USDC, or looking for stable exposure, USSD/USDC is one of the best pairs to consider on @ShadowOnSonic

The ticker is sonic-3:native