DeFi Yield: Flying Tulip (ftUSD) & Stablecoin Income Sharing
Andre Cronje is heavily promoting Flying Tulip's ftUSD, which offers up to 9.57% base APY on Sonic (24% via Morpho looping), with a buyback engine hitting a double ATH today — positioning it against the $10B in profit stablecoin issuers kept in 2025.
What we know
An account on X detailed the current yield: ftUSD earns 6.76% on Ethereum, 1.59% on BNB Smart Chain and 9.57% on Sonic, with Morpho-enabled looping pushing to ~24.11% APY (expected to normalize to ~12%). The marketing hook: the biggest stablecoin issuer made $10B profit in 2025 and paid users nothing — ftUSD shares that. The FT token buyback engine hit a double ATH in USD value today, with ~19.64K FT bought back in a single session.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.