深潮TechFlow
深潮TechFlow|Apr 23, 2026 11:42
[Withdrawal Circuit Breaker Mechanism Launched on Andre Cronje's DeFi Platform Flying Tulip] According to TechFlow News on April 23, as reported by Cointelegraph, the decentralized finance platform Flying Tulip, founded by Andre Cronje, has launched a withdrawal circuit breaker mechanism. This mechanism can delay or queue withdrawal requests during abnormal fund outflows to limit potential losses and provide the team with time to investigate. The mechanism operates differently across various products: in the Perpetual PUT product, withdrawals may be rolled back, requiring users to retry later; in ftUSD, withdrawals will enter a queue and can be claimed after a delay. Flying Tulip stated that the mechanism adopts a 'fail-open' design, meaning transactions can still proceed even if the safety mechanism fails.
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