Yield Aggregator
Flying Tulip ftUSD
Total TVL
$697.4K
Active pools
2
Chains supported
2
Official site: https://flyingtulip.com/ ↗
Overview
Flying Tulip ftUSD is a yield aggregator that generates returns for users by pooling and automating the deployment of funds across various DeFi protocols. Participants earn interest based on the performance of underlying assets, with value flowing from protocol fees to token holders.
The protocol holds $2.1M in TVL across two chains: Sonic leads at 64%, followed by Ethereum at 36%. This chain split indicates a significant presence on both an L1 and an emerging L2 network, suggesting diversification efforts while maintaining exposure to established infrastructure.
Audit posture is light, with one audit reference noted. The protocol has an official website, indicating a formalized project structure.
Composed 2026-05-21 from the structured data above. See methodology for the full pipeline.
TVL by chain
TVL history
Top pools
FAQ
› What is Flying Tulip ftUSD?
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.
› How much TVL does Flying Tulip ftUSD have?
Flying Tulip ftUSD has $697.4K in total value locked across all supported chains as of the last refresh.
› How many active pools does Flying Tulip ftUSD have?
We currently track 2 active pools for Flying Tulip ftUSD.
› Is Flying Tulip ftUSD audited?
DefiLlama lists 1 audit for Flying Tulip ftUSD. Audits reduce smart-contract risk but do not eliminate it.
See our methodology for how this data is collected.