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Andre Cronje, chief technology officer at Sonic Labs (formerly known as Fantom), reports that ftUSD's yield remains steady at approximately 13% for users providing USDC and USDT liquidity on Ethereum.
All ftUSD activity is conducted onchain, with no external exposure, queues, or timelocks, and users have instant access to liquidity. Cronje adds that all risk criteria have been cleared and plans are underway to remove caps and expand ftUSD to new networks.
Cronje previously reported that USDC and USDT could earn 13.74% APY on Ethereum through ftUSD, citing additional capacity for new deposits. In an earlier event, he said just $50,000 was liquidated in FT's first major drawdown, which he attributed to equity account based lending. The steady returns and limited liquidations have been consistent themes in his recent updates.