Replying to @flyingtulip_
@flyingtulip_ burning like crazy...
etherscan.io/tx/0xcd54af66bf…
Total Return Swaps (TRS) coming to crypto!
In preparing for public sale starting next week, some Q&A;
1. Why raise $1bn? We aren't. Deposits are capped at $1bn, whatever is raised is deployed into low risk yield (currently 100% into Aave). This allows the depositor to get their full refund at any time. What are we actually raising? The yield, Flying Tulip takes the yield off of those deposits. That's the opportunity cost. What does the depositor get? They get FT, if FT outperforms their deposit, they withdraw FT, if it doesn't, they refund their full investment.
2. How does that set a 10c floor? If a depositor wishes to exit, they can withdraw FT and sell on market for profit if FT > 10c. Or they can refund at 10c. If they instead for some reason decide to withdraw and sell for less than 10c, their refund collateral is unlocked and used to buyback the token to 10c. So while there might be slight timing inconsistencies, the 10c floor is programmatic.
3. How can we see redemptions? They are already happening onchain, you can view via our dashboard; flyingtulip.com/allocation/d… or onchain via the contracts, registry available here; docs.flyingtulip.com/contrac…
4. Are there any redemption / refund conditions? None, you control the only access to your investment via the PUT option, you withdraw anytime for any reason, 0 interaction with Flying Tulip required, can do this via the contracts, or via our UI for it; flyingtulip.com/allocation/p…
5. When is the product live? As soon as the token is transferable. The token is natively integrated into every touch point, every fee, revenue, yield point is used to buy FT and the FT is distributed to the user. This is normally a bad idea, giving a volatile token for people that expect fixed rewards, however, given our system has the inherent 10c floor, this means we can always distribute to guarantee yield at at least this floor. Meaning floor yield, but additional upside should token perform well.
6. What will be the first products? a) ftUSD (Flying Tulip USD), our native stablecoin & settlement layer (used throughout all future apps). At launch, this is a glorified USDC into Aave wrapper, but as soon as Margin lending has had some time to mature (1-2 weeks from launch), we will allow deposits from ftUSD into Lend, then ftUSD can activate the delta neutral play popularized by Ethena USDe, which will allow it to take any opportunity stETH/ETH, stBNB/BNB, stAVAX/AVAX, stS/S, etc and convert that yield for depositors. Current models show we can do at least 4%-8% yield on USDC/USDT deposits. This also has modules to expand into a full fledged CDP and arbitrage bot, but those are later. b) Margin Lending will go live at the same time, our lending market is not LTV based, but instead margin equity based, it functions as our "cross exchange margin account", you can still use it for standard lending (deposit USDC borrow BTC, etc), but its main purpose is to facilitate leverage efficiently and onchain. We will let this mature a bit, and when happy we will enable spot trading, leveraged spot, and TRS. All are part of the feature set day 1 but won't be enabled day 1, we are also doing a capped and controlled launch. a & b are dependencies for full onchain CLOB/AMM/derivatives/insurance, so once they have hardened in production we will enable those (these are separate to the built in spot trading, leveraged spot, or Total Return Swaps inside of Margin Lending). Roadmap: docs.flyingtulip.com/roadmap
7. Where will the product be available? Our current deployments include Ethereum, Sonic, Binance Smart Chain, Avalanche, and Base. Contracts available in registry; docs.flyingtulip.com/contrac…. With expansions being reviewed for Hyperliquid, MegaETH, and Monad.
Ask any Flying Tulip related questions below you might still have and we will release more structured answers.
nice explanation of @flyingtulip_ functionality!
100% refund protection sounds too good to be true?
This is how @flyingtulip_’s Perpetual Put Option works.
Watch 👇
teapawt.net/impossible_/status/201…
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Would this limit the apes? 🤔
Participation begins with understanding.
Flying Tulip’s accredited investor quiz is now live at flyingtulip.com/quiz a 10-question gateway ensuring all participants understand our new raise model.
Study the material → flyingtulip.com/learn
Take the quiz → flyingtulip.com/quiz
Pass the test, qualify for the $FT whitelist.
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🐮🐮🐮🐮🐮🐮🐮
So one of my favorite dex aggros
@CoWSwap
is already on @ethereum @base @arbitrum @0xPolygon @avax @gnosischain
but SOON will deploy to
@BNBCHAIN
Volume Go UP!
Cow Fun Fact, Cowswap has BuyBack in effect on $COW
Read
forum.cow.fi/t/cow-token-buy…
Look
dune.com/queries/5273980/866…
Basically more COW bought, then rewarded to solvers.
Pamp my bags and make some swaps, and get MEV protection too.
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another one?
new chain every week? 🐮🐮🐮🐮
🧵 CoW Protocol launches on @0xPolygon
Gasless. Frictionless. MEV-protected. And better prices for all.
Here's what that actually means 🐮👇
Let's gooooo @connor_enso !
The Enso Token Sale is now OPEN on @CoinList 🚨
Unifying all chains into one network, with blockchain shortcuts.
Community comes first: lower FDV and better terms than VCs.
Be part of Enso now → coinlist.co/enso
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For users:
@CoWSwap doesn't settle an order unless there is pos slippage. Use a proper limit price.
You can also use twaps to split a big order into smaller chunks to avoid liquidity issues.
I am backing this team. Great to see gold in crypto!
Excited to announce our $1.5M pre-seed round from some awesome investors & angels to redefine gold markets on @solana
More on @orogoldapp & fundraise 🧵
Personal news:
Today it's my last day at @yearnfi. I am taking some time off to figure out what's next.
DMs are open!
Leave everything you are doing right now and try out the demo. The future is here :)
Introducing Omni Account
A system that employs Modules and our Orchestrator to transform any ERC7579 Smart Accounts (and “Smart EOAs”) into chain abstracted accounts.
One signature. Any action. Any chain. Any token.
Built on @AcrossProtocol in partnership with @magic_labs
You can ape into @MorphoLabs vaults using @CoWSwap in @base.
Here's a swap of ETH into @MoonwellDeFi USDC vault: explorer.cow.fi/base/orders/…
Next: Yield Farming through intents.
Claim of rewards in a pre-hook and re-deposit into the vault. Gas-less for the user.
basescan.org/tx/0xb867952d18…
Cowswap's solver settlement reverting and costing 16 cents in Base.
Can an eth-maxi convince me that L2s are better than gnosis chain, fantom or solana?
this looks like a rebranded delegates feature that was previously only available in api.
we have used it at @yearnfi successfully this way:
all our transactions need to be created programmatically. someone codes it up as a python script with brownie-safe and submits a pull request to the multisig repo.
at this point you can run a simulation and review the code. after enough reviews and successful simulation, the transaction is picked up by a bot. the bot submits it as a delegate (now proposer) to the safe and sends out notifications to signers.
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This is an extremely important take regarding the @RDNTCapital hack.
With the advent of smart wallets users will start signing even more cryptic transactions. Tooling will be key.
Blind signing is an industry-wide issue, and we need signer wallets to show full messages to users, even better decode the data with context information. @safe uses EIP-712 to make the data available and the Safe{Wallet} interface passed this data to the wallet that displays it to the user. Hardware wallets are super secure, but often come with limitations. I.e. @Ledger Nano has a small screen therefore they opted to truncate the EIP-712 information. Sadly this makes it harder to verify what is being signed and therefore pushing users to accept blind signing.
Blind signing extends beyond signing transactions. This also is an issue for signing messages. EIP-1271 provides a standard for smart contracts to enable message signing. Utilizing this together with EIP-712 introduces additional complexity that we as the smart account ecosystem need to improve. Conditional signatures that require more context is something that we have explored together with CowSwap to increase flexibility while maintaining security. If you want to know more checkout cow.fi/learn/all-you-need-to…
cow.fi
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Finally! @gnosispay rebalances with an improved UI!
1/ Introducing ⚡Recharge in Zeal⚡ Available now on all major app stores. Connect your @gnosispay Visa to DeFi and spend your yield on coffee 🦉💳☕️🩵




















