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Tulip Protocol

TULIP

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About Tulip Protocol

Solfarm (TULIP) is Solana's first yield aggregation platform with auto-compounding vault strategies. This dApp (decentralized application) is developed to take advantage of Solana's low-cost, high-efficiency blockchain, letting the vault plans compound repeatedly. This helps farmers with high APYs, less active management, and low gas fees. The platform also combines leveraged lending pools and yield farming, and offers appropriate risk rewards for all DeFi traders. The Tulip Protocol presently provides three varieties of yield products— "Lending," "Vaults," and "Leveraged Farming." 

The Solfarm’s Tulip Strategy Vault is an organized vault that hosts numerous yield techniques under the hood. The traders can give a single token asset and expose all the techniques underneath. The V2 Autovaults are the Solfarm (TULIP) platform's latest advancement in auto compounding vault systems. The architecture claims to permit better flexibility. Vault shares are created when assets are deposited, which permits other protocols for composing Tulip. To avoid compounding rewards for the gaming vault, vault shares are locked for 20 minutes. Once the time has elapsed, funds are un-staked and released at any time. There is no necessity to unlock funds when the timer elapses. The traders' deposit gains are tracked while locked.

Liquidation is a critical component of operational risk in any leveraged status. On Solfarm (TULIP), the platform presently has borrowed up to 3x leverage, which signifies a trader can give collateral and carry up to 2x of what the traders have deposited and given yield on the amount that is borrowed. A position becomes a liquidation risk as it approaches its debt point and its loan to value proportion (LTV) reaches above the status maintenance needs. 

TULIP token is native to the platform. The TULIP token is developed to move toward governance. The on-chain governance allows token holders to vote on matters such as:

Market

Australia Market Stats

Market cap

A$897,570.80

Volume (24h)

A$28,895.09

Circulating supply

815.2K TULIP

All time high

A$57.86

Price change (1h)

-1.01%

Price change (24h)

-0.48%

Price change (7d)

-22.19%

Australia News about Tulip Protocol

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Tulip Protocol is on the decline this week.

The price of Tulip Protocol has decreased by 1.01% in the last hour and decreased by 0.48% in the past 24 hours. Tulip Protocol’s price has also fallen by 22.19% in the past week. The current price is A$1.10 per TULIP with a 24-hour trading volume of A$28.90K. Currently, Tulip Protocol is valued at 98.10% below its all time high of A$57.86. This all-time high was the highest price paid for Tulip Protocol since its launch.

The current circulating supply of Tulip Protocol is 815,205.781 TULIP which means that Tulip Protocol has as total market cap of 815,205.781.

FAQ

What is the current price of Tulip Protocol?

We update our Tulip Protocol to AUD currency in real-time. Get the live price of Tulip Protocol on Coinbase.

What is the market cap of Tulip Protocol?

The current market cap of Tulip Protocol is A$897.57K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Tulip Protocol?

The all-time high of Tulip Protocol is A$57.86. This all-time high is highest price paid for Tulip Protocol since it was launched.

What is the 24 hour trading volume of Tulip Protocol?

Over the last 24 hours, the trading volume of Tulip Protocol is A$28.90K.

How many Tulip Protocol are there?

The current circulating supply of Tulip Protocol is 815 thousand.

Can I buy Tulip Protocol on Coinbase?

No, Tulip Protocol is not currently available on Coinbase, but you can sign up to get the latest news on Tulip Protocol and be notified when it gets added to our exchange.