📍The Godfather of DeFi Andre Cronje makes a comeback with Flying Tulip – raised $200M 📌 Flying Tulip just raised $200M in seed funding (FDV $1B) from a series of major funds: Brevan Howard, CoinFund, DWF Labs, FalconX, Hypersphere, Nascent, Susquehanna… Cronje plans to open a public sale for an additional $800M, maintaining a valuation of $1B, organized on its own platform instead of a traditional ICO. 📌 A standout mechanism of Flying Tulip is the on-chain redemption right – investors can burn $FT to withdraw their principal from the on-chain reserve fund, applying smart contract audits, with a queue & rate limit to prevent mass withdrawals. 📌 The $FT token is not allowed to be traded before the public sale. The team has no initial allocation, only benefiting from buybacks & ecosystem revenue. 📌 Flying Tulip positions itself as a full-stack DeFi: spot trading, derivatives, lending, stablecoin (ftUSD), insurance. Launching on Sonic with a 0 fee mechanism, then expanding to...
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