AndreCronje's DeFi platform FlyingTulip launched a cash-out mechanism

According to Cointelegraph, FlyingTulip, a decentralized financial platform founded by AndreCronje, has launched a cash withdrawal circuit breaker mechanism that can delay or queue up withdrawals when abnormal capital outflows to limit potential losses and buy time for team investigations. This mechanism operates differently in different products: in PerpetualPUT products, withdrawals may be refunded and users need to try again later; in ftUSD, withdrawals will enter the queue and can be withdrawn after a delay. FlyingTulip said that the mechanism adopts a "fail-open" design, which means that transactions can continue to be executed when the security mechanism fails.