$BNB
StableSnapshot Window: 2026-07-18 20:40 UTC · ← Back to Crypto Overview
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
Andre Cronje on why he built Flying Tulip the way he did: "Flying Tulip is the composability of a lending market that feeds directly into an order book, into derivatives and insurance, settled by our native stablecoin, Flying Tulip USD." "It makes more sense if you go back to [Spoken audio]: the the the suite of protocols that flying tulip really is most simplistically it is the it's the composability of a lending market that can directly feed into an order book so that it offers you know trading and leverage that can directly feed into derivatives insurance and then we have our settlement layer which is our native stablecoin the flying tulip USD. It almost makes more sense why it exists and why it is the way it is if you go back to again the premise of original DeFi the original contracts one immutable two because there was no direct teams involved there weren't any fee extractions. Again, using the original Yarn volts, it took zero fees. So it was easy to build on those protocols because you knew the code was going to stay the way it was, and you knew that there weren't fees. Nowadays, you've got, you've got to swap V2, V3, V4, You've got AVE, V3, V4, there's almost always, and they have to because you know they've become proper companies. So they need to A, be able to continuously upgrade and deploy new systems and B, be able to charge fees because they have to pay the people who are supporting these things. But that essentially killed composability. FRAX is the future for digital money, open, stable and borderless. Frax's Genius-Compatible stablecoin technology. Go to frax.com to learn more.