Andre Cronje
@AndreCronjeTech
USDC & USDT still earning 10% on ftUSD.
Burned unallocated 9bn FT bringing FDV to 100m.
Spot & TRS in private beta in discord.
Full update in blog below. https://t.co/cXzCfoieZa
@flyingtulip_
Flying Tulip Monthly Update
In July, Flying Tulip moved closer to an integrated on-chain financial system.
— Lend TVL reached $13.4M, with loans at $1.3M
— ftUSD supply grew to $4.5M, while Ethereum ftUSD APY stayed above 7% for a third month, without liquidity mining or token incentives
— PUT backing generated $1.2M in all-time yield
We also burned 8.8B FT, approximately 88% of total supply, reducing FDV to ~$100M.
Spot and TRS entered private beta for select Discord roles.
Read the full update: https://t.co/xsumWcbWkN