
Staked ftUSD sftUSD
Status
What is Staked ftUSD?
sftUSD is the staking version of ftUSD, representing the user’s share in the Flying Tulip protocol’s yield pool. By staking ftUSD, the user receives sftUSD as a receipt token, securing their right to a portion of the yield generated by delta-neutral and other low-risk strategies, as well as protocol fees. Meanwhile, the underlying ftUSD remains the base stablecoin, whilst it is through sftUSD that ‘live’ income is realised for the holder, making this token a tool for passive income within the ecosystem.
Income from sftUSD is typically distributed in the protocol’s FT token and depends on the actual profitability of the strategies and the level of activity within the protocol. Users can unstake sftUSD back into ftUSD at any time (subject to current pool parameters and any exit conditions), whilst accumulated FT rewards are staked separately and can be reinvested or sold as desired — in this way, sftUSD combines the stability of ftUSD with the returns of protocol strategies in a single, convenient layer.
Trending Coins and Tokens 
- 939

Bitlayer
BTR
$ 0.03969
77.9% - 586

Katana
KAT
$ 0.0127
8.14% - 1657

Nexira
NEXI
$ 0.009704
28.4% - 1053

Superform
UP
$ 0.05525
7.09% - 1893

Bondex
BDXN
$ 0.002521
1.64% - 405

Backpack
BP
$ 0.2236
23.6% - 41

PAX Gold
PAXG
$ 4,412
1.77%