Flying Tulip USD(FTUSD)

Token Price$1

24h Change-0.42%

All Time HighJul 23, 2026$1.02

All Time LowMar 28, 2026$0.93

Key Metrics

$4.41m

4.42m FTUSD

Volume 24h$78,758

CEX Volume$0

DEX Volume$58,518

Website X/Twitter Discord

Category:Stablecoins

Risks

How much debt can be issued against FTUSD as collateral across lending protocols.

Maximum possible exposure to FTUSD

$530,205

$118,439 (max additional borrows against FTUSD) + $411,766 (bad debt if FTUSD was hacked now)

Morpho V1

$530,205 at-risk exposure = $411,766 bad debt if hacked + $118,439 additional borrowable against FTUSD

Methodology and limitations

Showing collateral exposure for FTUSD on Ethereum. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.

These metrics describe lending exposure only and are not a full protocol risk rating.
This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.

Show exposure details

Each row is one protocol-chain exposure for FTUSD as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Morpho V1	Ethereum	ftUSD0xf7d85ec4e7710f71992752eac2111312e73e9c9c	$118,439	$411,766

Token Usage

An is required to view token usage.

Yields

Tracking 10 pools, average APY 13.21%

Pool	Reference	Protocol
1 sftUSDStaked Flying Tulip USD	ftUSD	Flying Tulip ftUSD	$1.89m	9.85%+9.85%	Stable 91	120
2 ftUSDUSDCftUSD/USDC	ftUSD-USDC	Curve DEX	$754,106	4.18%2.17%+2.01%	Stable 74	6
3 sftUSDStaked Flying Tulip USD	ftUSD	Flying Tulip ftUSD	$585,687	10.21%+10.21%	Stable 95	117
4 ftUSDUSDCftUSD/USDC	ftUSD-USDC	Convex Finance	$504,562	6.81%2.17%+4.64%	Stable 79	6
5 FT/ftUSDFlying Tulip Pool	FT-ftUSD	Curve DEX	$348,488	16.83%3.56%+13.27%	Stable 80	2
6 FT/ftUSDFlying Tulip Pool	FT-ftUSD	Convex Finance	$325,614	22.89%3.56%+19.33%	Stable 83	2
7 FT-ftUSDCL 0.11%	FT-ftUSD	Shadow Exchange CLMM	$162,445	0.00%	Volatile 27	0
8 USDC-ftUSDCL 0.01%	USDC-ftUSD	Shadow Exchange CLMM	$52,879	0.55%0.00%+0.55%	Mixed 42	0
9 sd-ftUSDUSDC-vaultStake DAO ftUSD/USDC Vault	ftUSD-USDC	Stake DAO Yield	$47,209	10.29%6.14%+4.15%	Stable 87	9
10 sd-FT/ftUSD-vaultStake DAO Flying Tulip Pool Vault	FT-ftUSD	Stake DAO Yield	$12,400	37.27%9.90%+27.37%	Stable 92	6

Borrow

Tracking 1 route

Use FTUSDBorrow FTUSD

Collateral / Borrow	Protocol	Chain
1 ftUSD / USDC	Morpho Blue		-6.22%	0.00%	6.22%	$118,444	86%

Protocol	Chain
Morpho V1	Ethereum	ftUSD0xf7d85ec4e7710f71992752eac2111312e73e9c9c	$118,439	$411,766

Pool	Reference	Protocol
1 sftUSDStaked Flying Tulip USD	ftUSD	Flying Tulip ftUSD	$1.89m	9.85%+9.85%	Stable 91	120
2 ftUSDUSDCftUSD/USDC	ftUSD-USDC	Curve DEX	$754,106	4.18%2.17%+2.01%	Stable 74	6
3 sftUSDStaked Flying Tulip USD	ftUSD	Flying Tulip ftUSD	$585,687	10.21%+10.21%	Stable 95	117
4 ftUSDUSDCftUSD/USDC	ftUSD-USDC	Convex Finance	$504,562	6.81%2.17%+4.64%	Stable 79	6
5 FT/ftUSDFlying Tulip Pool	FT-ftUSD	Curve DEX	$348,488	16.83%3.56%+13.27%	Stable 80	2
6 FT/ftUSDFlying Tulip Pool	FT-ftUSD	Convex Finance	$325,614	22.89%3.56%+19.33%	Stable 83	2
7 FT-ftUSDCL 0.11%	FT-ftUSD	Shadow Exchange CLMM	$162,445	0.00%	Volatile 27	0
8 USDC-ftUSDCL 0.01%	USDC-ftUSD	Shadow Exchange CLMM	$52,879	0.55%0.00%+0.55%	Mixed 42	0
9 sd-ftUSDUSDC-vaultStake DAO ftUSD/USDC Vault	ftUSD-USDC	Stake DAO Yield	$47,209	10.29%6.14%+4.15%	Stable 87	9
10 sd-FT/ftUSD-vaultStake DAO Flying Tulip Pool Vault	FT-ftUSD	Stake DAO Yield	$12,400	37.27%9.90%+27.37%	Stable 92	6

Collateral / Borrow	Protocol	Chain
1 ftUSD / USDC	Morpho Blue		-6.22%	0.00%	6.22%	$118,444	86%