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But we saved everything 🙂.
Andre Cronje, founder of Flying Tulip and former chief technology officer and board member of Sonic Labs, reports that margin lending has reached $15 million in available liquidity on Ethereum and Sonic platforms. Cronje highlights current returns of 9.04% and projected 16.06% on USDC and USDT on Ethereum, along with 7.77% current and 9.99% projected on USDC and USDD on Sonic. The offerings are fully on-chain, with no subsidies or lockups, providing instant liquidity.
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Cronje recently introduced Flying Tulip as a unified onchain financial system designed to manage collateral, credit, and settlement. He previously detailed the burning of 9 billion FT tokens, limiting circulating supply to options-held tokens. Both developments mark ongoing updates in Cronje's onchain finance initiatives.