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Andre Cronje, founder of Flying Tulip and former chief technology officer and board member at Sonic Labs, shared details about current yields on the Flying Tulip lending market on Sonic Labs.
The platform is offering 2.77% on S with a 17% maintenance margin, 4.23% on USDC and 10.34% on ftUSD, both with a 1.5% maintenance margin. Cronje described this as the most liquid lending market on Sonic, noting that deposited assets can be used as margin for spot and leverage trading.
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Cronje has previously highlighted that Flying Tulip NFTs can offer perpetual options and potential capital return for investors. In an earlier commentary, he explained that auto compounders provide a haircut to benefit non compounders and enable more third party integrations and leverage. These points outline Cronje's ongoing involvement in DeFi product innovation and market structure.