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Tulip Protocol

TULIP

Price
$3.47
9/30/2022, 7:42:18 PM
diamondHands

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Market

Market stats

Market cap

$2.8M

Volume (24h)

$83,925.28

Circulating supply

815.2K TULIP

All time high

$50.12

Price change (1h)

+0.43%

Price change (24h)

+0.34%

Price change (7d)

+1.52%

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Tulip Protocol is on the rise this week.

The price of Tulip Protocol has risen by 1.52% in the past 7 days. The price increased by 0.34% in the last 24 hours. In just the past hour, the price grew by 0.43%. The current price is $3.466147 per TULIP. Tulip Protocol is 93.08% below the all time high of $50.12.

The current circulating supply is 815,205.781 TULIP.

About

What Is Solfarm (TULIP)?

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:

  • Platform Fees

  • Value Accrual

  • Protocol Improvements

  • Treasury Usage

  • Pool Reward Weighting

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FAQ

What is the current price of Tulip Protocol?

The price of 1 Tulip Protocol currently costs $3.47.

What is the market cap of Tulip Protocol?

The current market cap of Tulip Protocol is $2.84M. 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 $50.12. 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 $83.93K.

What other assets are similar to Tulip Protocol?

Assets that have a similar market cap to Tulip Protocol include SIBCoin, Venus SXP, Gridcoin, and many others. To see a full list, see our comparable market cap assets.

How many Tulip Protocol are there?

The current circulating supply of Tulip Protocol is 815 thousand.

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