tulip

According to Cointelegraph, the decentralized finance platform Flying Tulip, founded by Andre Cronje, has launched a withdrawal circuit breaker mechanism that can delay or queue withdrawals during abnormal capital outflows to limit potential losses and buy time for the team to investigate.The operation of this mechanism varies across different products: in the Perpetual PUT product, withdrawals may be rolled back, and users will need to try again later; in ftUSD, withdrawals will enter a queue and can be claimed after a delay. Flying Tulip stated that this mechanism employs a "fail-open" design, meaning that transactions can continue to be executed even if the safety mechanism fails.

MEXC Innovation Zone will launch Flying Tulip (FT) on February 23, 2026, subject to meeting liquidity conditions, and will open trading pairs FT/USDT and FT/USDC. In addition, the FT token will soon be available on MEXC Instant Exchange for seamless and instant swaps with other assets.

Sonic Labs founder Andre Cronje posted on the X platform, "The derivatives platform Flying Tulip will launch two products: ftUSD and margin accounts. These products will support cross-chain liquidity, enabling leveraged spot trading and total return swaps."

According to The Block, the DeFi platform Flying Tulip, founded by Andre Cronje, has completed $225.5 million in institutional financing, with a valuation of $1 billion. The project has raised an additional $50 million through the Impossible Finance platform and plans to conduct a public offering via CoinList. It has currently received over $1.36 billion in investment intentions, with approximately $400 million remaining.The price of the Flying Tulip token is fixed at $0.10, and all investments come with a "perpetual put option," allowing investors to redeem their principal at any time. The platform plans to deploy funds in on-chain strategies, targeting an annual return of 4% to support the platform's development.

According to official news, the unified on-chain financial system Flying Tulip, founded by Sonic Labs founder Andre Cronje, will launch its token sale on CoinList. This public sale aims to raise $200 million, accounting for 20% of the total supply of FT tokens (2 billion), with a token price of $0.10, corresponding to an FDV of $1 billion.The public sale will start on February 3 at 00:00 and end on February 6 at 21:00 UTC, with a minimum purchase amount of $100.It is reported that Flying Tulip aims to integrate spot trading, lending, perpetual contracts, insurance, and a native stablecoin (ftUSD) into a unified protocol architecture. The tokens participating in this sale will be protected by a "Perpetual PUT" structure, and the FT NFTs received by participants will include redemption rights, allowing them to choose to hold, burn tokens to redeem funds at the original price, or unlock tokens for free trading (redemption rights will be lost after unlocking).

Andre Cronje's new project Flying Tulip announced on the X platform that the Intent Whitelist is now live, but Andre Cronje specifically reminded that there is currently no involvement of any fund transfers, and subsequent updates will be based on information disclosed through official Flying Tulip channels. According to the previously disclosed details of the public offering by Flying Tulip, the public offering will be conducted in four rounds: Early Access, Supporter Whitelist, Intent Whitelist, and Open Public, with the same fundraising terms for each round.

The crypto KOL @Cbb0fe called out to Andre Cronje on platform X, suggesting to reselect the $1 billion fund management institution for Flying Tulip. Official information shows that the current fund management institutions are MEV Capital and Re7 Labs, and both have performed "disastrously" in the recent DeFi series collapse.According to the crypto data platform RootData, the crypto project Flying Tulip founded by Andre Cronje announced the completion of a $200 million private seed round financing at a valuation of $1 billion. This round of financing was participated in by Brevan Howard Digital, CoinFund, DWF Labs, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital, and Virtuals Protocol.This $200 million financing was completed through a Simple Agreement for Future Tokens (SAFT) structure. Flying Tulip aims to build an on-chain trading platform covering the entire DeFi space— including spot, derivatives, lending, stablecoins, and insurance, unified within one system.

ChainCatcher news, Pine Analytics released the smart trading protocol Flying Tulip fundraising and mechanism analysis, stating that Flying Tulip aims to raise one billion dollars, with each dollar corresponding to 10 FT (initial price 0.1 dollars), and if the target is not met, the issuance will be reduced proportionally.The fundraising assets include USDC, USDT, USDS, USDe, ETH, SOL, AVAX, and S. Original subscribers will receive transferable NFT packages containing FT along with a redeemable PUT: FT remaining in the NFT can be redeemed for an amount equivalent to the invested assets, and withdrawing will forfeit the PUT. The expected annualized return on the fundraising assets is approximately 44.27 million dollars, prioritizing the repurchase and destruction of FT, covering about 500,000 dollars in OpEx. The team and foundation will not pre-allocate, and will later acquire FT from the protocol revenue at a ratio of 40:20:20:20.Related reading: AC's new work Flying Tulip: aiming to "nurture" a trading giant with DeFi government bond yields.

ChainCatcher news, Andre Cronje's newly developed contract exchange Flying Tulip has raised $200 million at a valuation of $1 billion, 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.It is reported that Flying Tulip is currently planning to publicly issue its FT token.

ChainCatcher news, Sonic Labs (formerly Fantom) co-founder Andre Cronje (AC) posted on the X platform that Flying Tulip is raising funds and welcomes interested U.S. funds to get in touch.It is reported that Flying Tulip is a new high-leverage contract trading platform disclosed by AC in March this year. The exchange's token will be FT, with a fixed supply of FT, no token inflation or token incentives, 50% allocated to investors and 50% to the foundation. Compared to traditional AMMs, Flying Tulip's adaptive curve can reduce impermanent loss by up to 42%, allowing for the option to provide liquidity with leverage to amplify returns while maintaining the advantages of a fully diversified position.

ChainCatcher news, Sonic Labs founder Andre Cronje has updated his personal social media profile to include the title "founder of flyingtulip."It is understood that flyingtulip is a platform aimed at revolutionizing trading, liquidity provision, and derivatives, while offering a one-stop DeFi service that allows access to spot, leveraged, and perpetual trading from a single liquidity pool without the need to transfer funds across different protocols.Compared to traditional AMMs, flyingtulip's adaptive curve can reduce impermanent loss by up to 42%, with the option to provide liquidity through leverage to amplify returns while maintaining the advantages of a comprehensive position.

ChainCatcher news, according to Bloomberg, UK Prime Minister Keir Starmer will appoint Tulip Siddiq as the City of London Minister, a position within the Treasury, making her a key figure in regulating and advocating for the critical financial services industry.Insiders reveal that Siddiq, who has been a Member of Parliament since 2015, is expected to be appointed as the Treasury's Economic Secretary. This is her equivalent position in Starmer's shadow cabinet. The role is referred to as the City of London Minister, which pertains to the City of London and the broader financial services sector. Responsibilities also include overseeing fintech, crypto assets, and debt management policies.

ChainCatcher news, CoinGecko data shows that TULIP is currently priced at $3.13, with a 24H increase of 24.5%.

ChainCatcher message, Solana ecosystem yield aggregator Tulip Protocol announced that it has suspended loan deposits, new leveraged positions, and whirlpool deposits until on-chain liquidity stabilizes/improves. Users can still withdraw from lending/whirlpool strategies and manage/close leveraged positions. (source link)

ChainCatcher news, yield aggregator Tulip and stablecoin provider UXD have resumed their token-related services from Mango Markets. According to previous reports, Tulip received approximately $2.5 million in affected funds from the over $100 million attack on Mango and temporarily disabled withdrawals from its strategy vault. Meanwhile, UXD was affected by nearly $20 million in funds from Mango and suspended UXD minting to minimize risk. (source link)