Tulip

Tulip is a decentralized yield aggregation platform built on Solana offering auto-compounding vaults, lending pools, and leveraged yield farming with up to 3x leverage.

Formerly known as SolFarm, Tulip launched in April 2021 and became Solana's first native yield aggregator, winning the Pyth prize track at the Solana Season Hackathon.

At its peak, the protocol held over $800 million in total value locked across auto-compounding vaults integrated with Raydium, Orca, and Saber DEXes.

The platform offered three core products: auto-compounding vaults that reinvested LP rewards multiple times daily, single-asset lending pools powered by Solend for conservative yield, and leveraged yield farming allowing up to 3x position amplification on selected pairs.

The native TULIP governance token enabled holders to vote on protocol changes and earn fee-sharing rewards through sTULIP staking. Smart contracts were audited by Kudelski Security and Zellic, with multi-sig wallet controls for key protocol functions.

Note: Tulip is currently inactive. Crunchbase lists the project as closed, the original website tulip. garden is no longer operational, and social media accounts have been inactive since 2023. TVL has declined to under $5,000.

Users with remaining funds should exercise caution regarding phishing scams impersonating Tulip support channels.