Gate News message, April 23 — Andre Cronje’s decentralized finance platform Flying Tulip has launched a withdrawal circuit breaker mechanism designed to delay or queue withdrawals during abnormal capital outflows, limiting potential losses and providing time for investigation.
The mechanism operates differently across products: in the Perpetual PUT product, withdrawals may be rejected and users can retry later; in ftUSD, withdrawals enter a queue and can be claimed after a delay. Flying Tulip employs a “fail-open” design, meaning transactions can continue executing if the safety mechanism fails.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
MetaMask Co-founder Dan Finlay Departs Consensys After 10 Years, Cites Burnout
Gate News message, April 23 — Dan Finlay, co-founder and longtime developer of MetaMask, announced Wednesday that he is departing Consensys, citing burnout after a decade building the crypto wallet. Finlay said he plans to spend time with his family and wished the team well on their future path.
Me
GateNews13m ago
Aurise Foundation Launches XAUE Gold Yield Token with $76M Initial Reserve
Gate News message, April 23 — Aurise Foundation announced the launch of XAUE, an Ethereum-based gold yield token positioned as a vault layer for Tether Gold (XAUT). Ecosystem partners Aurelion and Antalpha jointly contributed 16,052 XAU, worth approximately $76 million, as the initial reserve.
XAUE
GateNews33m ago
AVAX One Reports Q1 2026 Results: Holds 14M AVAX, Revenue Doubles to $2.4M
Gate News message, April 23 — AVAX One, a Nasdaq-listed cryptocurrency treasury company, released preliminary Q1 2026 results, with quarterly revenue doubling sequentially to approximately $2.4 million, driven by Avalanche staking rewards and Bitcoin mining operations growth.
The company holds appr
GateNews34m ago
Lotus Integrates WisdomTree Money Market Fund to Establish Yield Floor in DeFi Lending
Gate News message, April 23 — Pre-launch DeFi lending protocol Lotus has integrated WisdomTree's Treasury Money Market Digital Fund (WTGXX) as part of the reserve framework backing LotusUSD, its core vault token. This marks one of the first instances of a money market fund being referenced within a
GateNews1h ago
Delphi AI Prediction Market Launches on Gensyn Mainnet
Gate News message, April 23 — AI prediction market protocol Delphi has officially launched on Gensyn, an AI computing protocol, enabling humans and AI agents to conduct prediction trades on the same platform. Settlement is completed on-chain through verified AI oracles.
Gensyn previously launched D
GateNews1h ago
Pyth Network to Retire Pythnet Application Chain Later in 2026, Ends OIS Rewards
Gate News message, April 23 — Pyth Network announced that Pythnet application chain will be retired later in 2026 following the passage of proposal OP-PIP-100, while proposal OP-PIP-103 has set the Oracle Integrity Staking (OIS) reward distribution rate to zero, marking the end of the OIS rewards me
GateNews1h ago
