Tulip is a DeFi project offering yield farming with autocompounding. The protocol was launched in April 2021.
Users can deposit liquidity pool tokens from other protocols into Tulip's vaults, which automatically harvest and trade rewards on behalf of their behalf. Tulip also offers leveraged yield farming. The protocol earns a commission rate based on the vaults' earnings and transaction fees on leverage yield farming transactions.
The native token of Tulip is TULIP, with a total supply of 10 million tokens. TULIP token holders govern the Tulip DAO. Tulip's investors include Jump Capital, Alameda Research, Amber Group, Fisher8 Capital, and CMS Holdings, among others.