Flying Tulip (FT) Yes, Flying Tulip plans to issue a native crypto token called $FT. The project has already raised $200 million in a private seed funding round structured as a Simple Agreement for Future Tokens (SAFT), valuing the token at a $1 billion fully diluted valuation. Flying Tulip also plans to raise up to an additional $800 million through a public sale of the $FT token at the same valuation. The token features a perpetual on-chain redemption right allowing investors to burn $FT tokens to redeem their original contribution.
Yes, Flying Tulip offers free airdrops through ongoing challenges and promotions, as mentioned on Bitget. Additionally, the project has conducted a significant airdrop of 190.5 million $S tokens to incentivize activity on the Sonic blockchain ecosystem. Therefore, there are airdrops associated with Flying Tulip.
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Flying Tulip (FT) is a full‑stack onchain exchange project building a single platform for trading, lending, derivatives, options, a native stablecoin, and onchain insurance. Rather than splitting these tools across many apps, the Flying Tulip blockchain ecosystem aims to deliver them in one cross‑margin, volatility‑aware system designed for capital efficiency and smooth user experience. In September 2025, the team announced a $200 million private round and an upcoming public sale of the FT token at the same valuation, highlighting an unusual “onchain redemption right” that sits at the center of its design. (blog.flyingtulip.com)
These elements, combined with research posts on liquidity and lending mechanics, suggest the protocol is designed to improve execution quality for traders, raise yields for liquidity providers, and keep risk transparent and onchain. (flyingtulip.com)
Flying Tulip was announced in 2025 by Andre Cronje, a well‑known builder in decentralized finance. The project describes itself as a “ground‑up rebuild” of core DeFi primitives with a focus on long‑term sustainability. (blog.flyingtulip.com)
In late September 2025, Flying Tulip revealed a $200 million private raise at a $1 billion token valuation, with participation from Brevan Howard Digital, CoinFund, DWF Labs, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital, and Virtuals Protocol, among others. The team also announced plans for an onchain public sale of the FT token at the same valuation. (blog.flyingtulip.com)
The fundraise was structured using a simple agreement for future tokens (SAFT) and paired with the project’s onchain redemption right. According to coverage, the sale is hosted by Flying Tulip directly rather than on external ICO platforms. (prnewswire.com)
Flying Tulip’s architecture blends several components into a single, cross‑margin system:
The protocol has presented an “Adaptive Curve” AMM concept that shifts behavior based on market regime. During high volatility it acts more like constant‑product (xy=k) to protect prices, while in quiet periods it leans toward constant‑sum for lower slippage. The aim is better trade execution for volatile assets, stables, and semi‑correlated pairs alike, while improving returns for LPs. (flyingtulip.com)
Research pages discuss a “Dynamic Concentrated Liquidity Model,” detailing how LPs can manage ranges around a time‑weighted price, and when to rebalance based on fees versus impermanent loss. This suggests Flying Tulip intends to support advanced LP strategies without forcing users to juggle multiple protocols. (flyingtulip.com)
A companion research note outlines an AMM‑ and liquidity‑aware LTV framework. Instead of fixed collateral factors, borrow limits adjust with realized volatility, pool depth, and the slippage cost of liquidating positions. This makes lending limits responsive to real market conditions, which is vital for cross‑margin risk control. (flyingtulip.com)
From official announcements and coverage, the product roadmap includes spot trading, money markets, derivatives and options, a native stablecoin (ftUSD), and onchain insurance, all tied together by a shared risk engine. The single‑platform design aims to reduce fragmented liquidity and improve capital efficiency for users who trade, borrow, hedge, and provide liquidity in one place. (blog.flyingtulip.com)
The team has indicated the public sale will be onchain and multi‑chain, with official contract addresses published on the website at launch. Third‑party coverage also reports plans to operate across several major networks, with an initial emphasis on Sonic for early hardening. (blog.flyingtulip.com)
Flying Tulip tokenomics are intentionally built around incentive alignment and capital protection for primary‑sale participants.
Coverage further notes that while the redemption right remains active, the treasury is intended to be deployed into onchain yield strategies (e.g., Aave, Ethena, Spark) to generate operating budget, incentives, and token buybacks—targeting mid‑single‑digit annual yields. This reframes the raise as yield‑backed runway rather than spendable capital on day one. (blockhead.co)
The team receives no initial FT token allocation. Instead, team exposure is earned later via open‑market buybacks funded by a share of protocol revenues and governed by a disclosed schedule. The idea is simple: if usage grows and fees accrue, the team benefits alongside users. (blog.flyingtulip.com)
The FT token is positioned to coordinate incentives across traders, LPs, and developers within the Flying Tulip blockchain ecosystem. Based on official materials and public commentary, core roles include:
While we do not list live numbers here, typical drivers for FT price may include: growth in trading and lending volumes on the platform; treasury yield used for operations and buybacks; the pace at which products like derivatives and ftUSD gain adoption; and how actively the onchain redemption right is used over time. (blog.flyingtulip.com)
Flying Tulip is designed to support a broad range of onchain activities:
Beyond core trading and credit, the FT token could also be used across Flying Tulip DeFi, NFTs, gaming via integrations. For example, game studios or NFT marketplaces can tap the platform’s liquidity, hedging, and lending to add markets for in‑game assets or collateralized NFT loans. These are natural extensions of a composable onchain exchange and help expand utility beyond pure trading. (blog.flyingtulip.com)
If you are researching where to buy FT, the team has said the onchain public sale will be hosted on Flying Tulip’s own platform, with contract addresses and supported assets published on the official website before launch. The sale is planned to support participation across multiple chains. After the token becomes transferable, secondary markets and DEX listings may develop organically, but the team’s guidance is to rely on addresses posted on the official site. (blog.flyingtulip.com)
Because Flying Tulip expects to operate on EVM‑compatible networks (and potentially others), common choices include EVM wallets such as MetaMask, Rabby, or hardware wallets that support the relevant chains. For cold storage, connect a hardware wallet through a trusted EVM interface. Always double‑check you are interacting with the official sale page or verified contract addresses shared by Flying Tulip. (blog.flyingtulip.com)
Flying Tulip’s announcements describe a token sale structured as a SAFT with an onchain redemption right, hosted directly on its platform. The press materials also note that participation may be subject to eligibility checks and jurisdictional restrictions—standard language when a project plans a global sale with different local rules. As with most decentralized protocols, Flying Tulip has not positioned itself as a regulated exchange; instead, it emphasizes transparent, onchain mechanisms and disclosures. (prnewswire.com)
Readers often ask, “Is Flying Tulip crypto halal?” As of October 5, 2025, there is no public statement or third‑party certification on the official channels confirming Flying Tulip halal or FT shariah compliant status. Because the planned platform includes interest‑bearing money markets and derivatives, different scholars may reach different conclusions based on their frameworks. There is currently no definitive yes/no from the team; users who follow shariah guidance typically wait for formal certification or the publication of a shariah governance framework. (blog.flyingtulip.com)
Flying Tulip’s roadmap points toward a unified, professional‑grade market structure where spot, leverage, options, lending, and insurance work together under a single risk engine. If successful, several things could accelerate adoption:
Coverage also suggests the team intends to roll out across multiple chains and harden features on Sonic before broader deployment. If the integrated stack gains traction with both retail and institutional users, it could become a key venue for DeFi flows, with FT price dynamics shaped by usage, buybacks, and the redemption mechanism over time. (blockhead.co)
Flying Tulip is an ambitious attempt to rebuild exchange, credit, and risk markets as one coherent onchain platform. The FT token sits at the center of this plan: it powers a novel onchain redemption right for primary‑sale buyers, aligns team incentives through revenue‑funded buybacks rather than an upfront allocation, and is intended to coordinate activity across trading, liquidity, and lending. For users comparing venues, the pitch is straightforward: better execution, higher yields, and fewer steps—delivered by research‑driven mechanics like an Adaptive Curve AMM, dynamic concentrated liquidity, and slippage‑aware lending. As the public sale goes live on the project’s own platform and products roll out across chains, the Flying Tulip blockchain ecosystem will be worth tracking for its fresh approach to token design and market structure—and for how those choices ultimately shape FT’s utility and long‑term role in DeFi, NFTs, and gaming integrations. (flyingtulip.com)
Flying Tulip is a decentralized exchange built on the Sonic blockchain, featuring an adaptive automated market maker that adjusts to market volatility, offers spot and derivatives trading, lending, and yield-backed liquidity, all with compliance tools and non-custodial wallets.
| Sector: | Perpetuals |
| Blockchain: | Sonic |
