DeFi Security: Flying Tulip Adds Withdrawal Circuit Breakers
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The new safety feature will slow down or limit withdrawals when outflows spike.
Rather than shutting everything down, the system slows things down gradually.
It uses a fail‑open design to keep transactions going even if the safety layer fails.
Decentralized finance platform Flying Tulip has introduced a withdrawal circuit breaker mechanism in response to a surge in exploits that has pushed DeFi losses above $600 million in April alone.
According to the protocol’s documentation, the
Rather than shutting everything down, the system slows things down gradually.
It uses a fail‑open design to keep transactions going even if the safety layer fails.
Decentralized finance platform Flying Tulip has introduced a withdrawal circuit breaker mechanism in response to a surge in exploits that has pushed DeFi losses above $600 million in April alone.
According to the protocol’s documentation, the
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