Flying Tulip Introduces Rate-Limiting Module for DeFi Lending

Flying Tulip has unveiled a new programmatic module designed to manage DeFi lending outflows during periods of abnormal withdrawals. According to NS3.AI, the system aims to address issues related to smart contract exploits, oracle failures, and significant position unwinds. Andre Cronje, a key figure in the development, highlighted that the module includes a fail-open mechanism to prevent the locking of funds, ensuring smoother operations during unforeseen events.