POPA ReconFlying Tulip (FT) introduces Lending Circuit Breakers
Flying Tulip (FT) introduces Lending Circuit Breakers The mechanism works as a rate limiter on capital leaving. Deposits and withdrawals work normally, but unusually large outflows begin to queue once they cross predefined threshold. That threshold is set as a % of TVL, so the protection scales with the size of protocol. The framework gained relevance after the Kelp DAO exploit on April 18, when stolen rsETH was posted as collateral on Aave to borrow out WETH before emergency actions could contain the damage. Flying Tulip is a Andre Cronje-backed financial system on Sonic network that comb…
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