DeFi Father Andre Cronje Makes a Major Comeback, Flying Tulip Public Offering Set to Launch Soon
With a $200 million endorsement, a new force is accelerating its entry into the perpetual contract sector.
Backed by $200 million, a new force in the perpetual contract sector accelerates its entry.
Full-stack on-chain exchange Flying Tulip announced today the completion of a $200 million private fundraising round.
Flying Tulip is an integrated platform featuring native stablecoins, money markets, spot trading, derivatives, options, and on-chain insurance, achieving higher capital efficiency through cross-margin and volatility-aware systems.
This round of financing attracted participation from several top global institutions, including Brevan Howard Digital, CoinFund, DWF, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital, and Virtuals Protocol.
On-chain Redemption Rights (“Permanent Sell Option”)
All primary sale participants (whether private or public) will receive on-chain redemption rights, allowing them to burn FT at any time and redeem their principal in the invested asset (such as ETH), up to the original investment amount. Redemption will be programmatically settled through a dedicated on-chain reserve pool, which is pre-funded with the raised capital. This design aims to provide a certain degree of downside protection while retaining unlimited upside potential.
Token Economic Model Use Cases
The team will not have any initial token allocation; their holdings will be gradually established entirely through protocol revenue sharing for buybacks, following a transparent schedule. In other words, from day one, team incentives are closely tied to real usage scenarios and long-term performance.
Flying Tulip founder Andre Cronje stated: “Our goal is to build an institution-grade market structure with on-chain guarantees, and to achieve true alignment of interests among users, investors, and the team.”
About Flying Tulip
Flying Tulip is an on-chain financial market that integrates spot, derivatives, credit, and risk transfer functions under a cross-margin system, balancing capital efficiency and aiming for transparent risk management and long-term sustainability.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
With capital outflows from crypto ETFs, can issuers like BlackRock still make good profits?
BlackRock's crypto ETF fee revenue has dropped by 38%, and its ETF business is struggling to escape the cyclical curse of the market.
Incubator MEETLabs today launched the large-scale 3D fishing blockchain game "DeFishing". As the first blockchain game on the GamingFi platform, it implements a dual-token P2E system with the IDOL token and the platform token GFT.
MEETLabs is an innovative lab focused on blockchain technology and the cryptocurrency sector, and also serves as the incubator for MEET48.
Electricity theft exceeds $1 billion, Malaysian bitcoin miners face severe crackdown
In Malaysia, the crackdown on illegal bitcoin mining gangs has turned into a game of cat and mouse.
2025 Crypto Prediction Review: 10 Institutions, Who Got It Wrong and Who Became Legends?
We can consider these predictions as indicators of industry sentiment. If you use them as an investment guide, the results could be disastrous.
Trending news
MoreWith capital outflows from crypto ETFs, can issuers like BlackRock still make good profits?
Incubator MEETLabs today launched the large-scale 3D fishing blockchain game "DeFishing". As the first blockchain game on the GamingFi platform, it implements a dual-token P2E system with the IDOL token and the platform token GFT.
Crypto prices
More
