Mine does the same, I don't think yours is defective, just that the issue hasn't been fully resolved with the firmware despite claims, some people notice it more than others. Seems to be an issue with all the cheaper 34" curved monitors, iiyama, xiaomi, aoc, gigabyte.
I'm returning mine, saving up to get a gsync compatible certified 34GN850, it's also IPS, I don't care so much about black levels and contrast, I don't play game in the dark and the VA with black crush and smearing isn't attractive to me, my last gsync certified lg panel also never had a flicker issue with anything.