Flying Tulip
Coverage of Flying Tulip in the Nexus archive.
- ‘DeFi doesn’t exist anymore,’ just onchain finance: Andre Cronje
Andre Cronje of Flying Tulip contends that DeFi protocols have transitioned into a new financial model called "onchain finance." He suggests that this evolution, however, has caused these protocols to sacrifice some of their original inherent immutability and decentralization.
- Andre Cronje says DeFi is ‘no longer DeFi’ as builders debate circuit breakers
Andre Cronje of Flying Tulip argues that DeFi is 'no longer DeFi' and suggests circuit breakers could help teams manage abnormal outflows. Curve's Michael Egorov counters that such mechanisms might introduce new human vulnerabilities.
- Andre Cronje’s Flying Tulip adds withdrawal circuit breaker as DeFi exploits mount
Flying Tulip, a DeFi platform led by Andre Cronje, has implemented a withdrawal circuit breaker to mitigate risks amid rising DeFi exploits. The safeguard is designed to 'fail open' during emergencies, ensuring user access, while a real-time status page provides transparency.
- Andre Cronje’s Flying Tulip adds withdrawal circuit breaker as DeFi exploits mount
Andre Cronje's DeFi project Flying Tulip has introduced a withdrawal circuit breaker to mitigate risks amid rising DeFi exploits. The safeguard is designed to 'fail open' during emergencies, ensuring user funds remain accessible while allowing real-time system monitoring via a dedicated status page.