Flying Tulip is now live on BNB Chain

Flying Tulip is a unified onchain financial system: integrated products share the same pricing, collateral and settlement infrastructure.

Capital deposited into Flying Tulip earns yield, provides borrowing power, and supports trading and leveraged positions without users having to withdraw and redeploy assets across disconnected protocols.

BNB Chain is a natural expansion for Flying Tulip, with deep onchain liquidity, a large active user base, and an established ecosystem across stablecoins, lending and trading. Supported assets at launch are USDC and USDT for ftUSD, and USDC, USDT, BNB and asBNB across Lend, Trade and TRS.

ftUSD

ftUSD is Flying Tulip’s native stablecoin and settlement asset. On BNB Smart Chain, users can mint ftUSD with USDC or USDT, stake it to earn yield, and redeem at any time.

Yield is generated by deploying the stablecoin collateral backing ftUSD into lending and delta-neutral strategies. Users can choose between sftUSD, which distributes yield in bought-back FT, and ssftUSD, which automatically compounds its share of the yield into additional ftUSD.

Lend

Flying Tulip Lend is now available for USDC, USDT, BNB and asBNB.

Users can supply assets to earn interest or borrow against deposited collateral. Lend also forms the capital and margin layer for the rest of the Flying Tulip stack, allowing deposited assets to remain productive while being used across other products.

Trade

Flying Tulip Trade brings spot and leveraged spot to BNB Smart Chain.

Execution sources available onchain liquidity through RFQ (Request for Quote), allowing Flying Tulip to compare available execution and fill orders at the best executable quote rather than relying on the liquidity of a single venue.

Total Return Swaps

Flying Tulip TRS provides fully onchain leveraged long or short exposure to supported assets without requiring users to own the underlying asset.

TRS uses Flying Tulip’s integrated infrastructure: Lend provides financing, Trade provides execution, and ftUSD provides settlement.

Get started today: Mint your first ftUSD or deposit assets in Lend on BNB Chain and see your capital go to work. Trade spot and leveraged spot, or use TRS to go short or long, with best possible executable prices routed through RFQ.

▸ ftUSD: Mint with USDC or USDT, stake to earn, and redeem anytime: https://flyingtulip.com/ftusd.

▸ Lend: Supply and borrow USDC, USDT, BNB and asBNB: https://flyingtulip.com/lend.

▸ Trade: Spot and leveraged spot across supported assets, sourcing available onchain liquidity via RFQ: https://flyingtulip.com/trade.

▸ TRS: Fully onchain leveraged long or short exposure through Total Return Swap, without requiring ownership of the underlying asset: https://flyingtulip.com/trs.