Joined December 2019
4,646 Photos and videos
.@flyingtulip_ ftUSD yield on Sonic is now touching 40%. 🤯 Zero incentives. Bids are also live on the updated Flying Tulip PUT dashboard. You can now select PUTs based on backing capital, collateral, and timeframe before placing your bid. ftUSD: flyingtulip.com/ftusd/ Marketplace: flyingtulip.com/marketplace/
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DoctorDeFi retweeted
Jun 11
The World Cup is here! 🏆 Our first highlighted game is Mexico vs. South Africa. Who will win? Drop your prediction down below in the comments for your chance to earn 10,000 S. Goodluck! 🫡
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sonic-3:native is built for payments!
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DoctorDeFi retweeted

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Some chains had 5–6 years to move around double this amount. Sonic Network moved $422B in just 18 months. Markets may be down, but usage tells a different story. Network is already moving stablecoin value more efficiently and at a faster pace than most L1s.
$422 Billion in @USDC value moved on Sonic Network.
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DoctorDeFi retweeted
$422 Billion in @USDC value moved on Sonic Network.
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DoctorDeFi retweeted

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DoctorDeFi retweeted
$USSD on Sonic Network via sftUSD on @flyingtulip_ is currently earning 25% with zero incentives. No cool-off. No queue. Instant minting and redemption.
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Step 1 Mint $USSD using MySonic in one click my.soniclabs.com/ussd Step 2 Buy & Stake ftUSD in one click with USSD flyingtulip.com/ftusd/ Step 3 Enjoy 25% Yield on @flyingtulip_ on Sonic

📽️Video guide: How to mint $USSD, buy and stake ftUSD on @flyingtulip_, and earn ~25% APY on sftUSD. Step 1: Mint USSD on Sonic using the MySonic page. Connect your wallet and mint USSD directly on Sonic. 🔗 my.soniclabs.com/ussd
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DoctorDeFi retweeted
🚨 REMINDER: This is the only official Sonic Labs account. Any other accounts claiming to represent us are impersonators. Please stay vigilant and be safe.
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DoctorDeFi retweeted
.@DoctorDeFi and @flyingtulip_ mention at 11:30. All Flying Tulip yield paid out in ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c bought back from the market!
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DoctorDeFi retweeted
FT's first big drawdown event, equity account based lending only liquidated about ~$50k in liquidations, equity accounting meant far less liquidations (netted risk vs discounted collateral) and soft liquidations meant far smaller amounts (average liquidation sizes were $200-$2k), in LTV based system this number would have been 10x-20x higher. Safer, less volatile, smaller haircuts. flyingtulip.com/lend/dashboa…
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Just when you thought crypto/DeFi was dead, @flyingtulip_ comes in with novel, onchain verifiable DN strategies that could actually scale. Staked ftUSD APY: ▪️Ethereum: 26.5% ▪️Sonic: 25% No incentives. Pure yield. Instant minting and redemption. flyingtulip.com/ftusd/dashbo…
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Protocol revenue/fee buybacks on @flyingtulip_ just hit a new ATH. 12,344 ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c bought in the last 24h from protocol revenue / fee distribution alone. This excludes PUT withdrawal-funded buybacks. Product revenue/fee/yield → ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c buybacks.
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Bitcoin drawdowns from ATH have been getting smaller each cycle: 2018: ~86% 2022: ~77% Current: ~55% Maybe there is another 10% downside. But this cycle has a different setup. Saylor still has 800K bitcoin:native to sell, and some of the largest liquidity magnets are still ahead of us. SpaceX, Anthropic, OpenAI trillion dollar IPOs are still coming. Maybe this is the reset crypto needs to become lucrative again.
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ftUSD on @flyingtulip_ is now around 20% yield for stakers on Sonic. The yield is not coming from points, emissions, or a short term farming campaign. ftUSD is backed by stable collateral, and when users stake ftUSD into sftUSD, that collateral is put to work through Flying Tulip’s yield engine.
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The more interesting part is ftUSD’s role beyond yield. ftUSD is meant to be used as a settlement currency inside Flying Tulip's products, not just held for staking. As more ftUSD is minted and used across the protocol, the share of ftUSD staked into sftUSD can remain tilted toward better yields for stakers.
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It is just the beginning. A lot can be built on top of it.A yield-bearing stablecoin generating double digit APY without any incentives can be used across so many strategies. Now imagine sftUSD becoming accepted as collateral across third party markets on Sonic. A user could mint ftUSD, stake into sftUSD, borrow USSD against that position, and mint more ftUSD again. That creates an organic loop around productive stablecoin collateral, instead of a farm that only works while incentives are live.
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