Notable developments in DeFi composability can influence the Sonic EVM ecosystem as well. Observing closely.
gSonic!
Here's Andre breaking down Flying Tulip!
Flying Tulip has raised $200M to bring back real DeFi composability, permissionless derivatives, perps, yield, lending, AMMs, CLOBs, buy backs and more!
Take a listen at around 7:40 and again at 14:00 for the update on the @flyingtulip_ presale & ICO updatesđ
Here are two quotes straight from Andre:
âFT will be the first permissionless derivative system. No curated markets, anyone can launch lending on top of their LP, anyone can launch perps, options or create insurance markets.â
âAssume a USDC Perp Market in AAVE being borrowed out and earning yield. I should be able to open a leverage position on GMX, and if there isnât available resting order on the CLOB, it should be able to execute at spot against a Uniswap LP. This is composability and somewhere along the way, we lost it. Flying Tulip puts it all back together.â
Built on @SonicLabs!
Awesome interview via @11AMdotclub // Seed Club
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