A project with $200M already raised,
@AndreCronjeTech behind it, and a model designed to protect your downside?
And hereās 1 billion reasons why you donāt want to skip this š§µ
When Andre Cronje builds, the whole industry watches. And right now everyone is watching his new project @flyingtulip_
But before I talk about it, just in case youāre new
Andre Cronje is the mind behind Yearn Finance (YFI), one of the most legendary DeFi protocols ever created.
Heās known for building products that donāt just fit into DeFi,
but actually shape how DeFi evolves.
Thatās enough reason why @flyingtulip_ should be worth your time.
Flying Tulip is a DeFi project that aims to be a complete on-chain financial system that combines trading, lending, borrowing, and investment products into one ecosystem.
Think of it like this:
If TradFi were a mallā¦
thereās banks in one corner, stock exchanges in another, and investment desks upstairs
Flying Tulip is building that entire mall on the blockchain, and everything would be under one roof!
Now, hereās where it gets interesting
You know how projects usually raise money, then spend it all to build.
Then if revenue doesnāt come fast enough, they run out of funds.
Flying Tulip is using a smarter funding model
Their plan is to raise $1B, but it wonāt be spent on building
Theyāll put the money in safe, yield-generating assets like stables on Aave and Ethena.
Now look at thisā¦š
Even a modest 5ā10% yield on that $1B treasury would generate $50Mā$100M every year.
That income alone can cover everything!
development, operations, and growthā¦ without touching the original $1B.
What this means is that, Flying Tulip funds itself from the interest, not by selling tokens.
Thatās a self-sustaining model you donāt see in crypto often.
letās talk about investor safety:
Usually, when you buy a token, youāre taking full risk because if it dumps, itās your loss.
But FT is doing something unique
ā¢ For every $1 you invest, you get 10 FT tokens
ā¢ You also get a redemption rightā¦
meaning you can redeem your tokens for your original $1 anytime
Tell me this setup isnāt amazing, it just means your capital is protected always!
And hereās the part that makes holding even more interesting:
Once the projectās costs are covered, all extra revenue + yield will be used to buy back FT tokens from the market and burn them.
You should know what that meansā¦
Less supply and scarcity!
your tokens could become more valuable over time.
Hereās why people are already hyped up:
Aside the fact that it was built by Andre Cronje,
They already raised $200M in seed round, with strong backers like Brevan Howard Digital, CoinFund, DWF Labs, Hypersphere, and FalconX.
Also, thereās no information on team allocationā¦ meaning that all value flows to the ecosystem and investors
Honestly, I think this whole FT setup is next-level.
A project that:
ā¢ Funds itself through yield
ā¢ Protects investor capital, and
ā¢ Rewards holders with buybacks
Itās rare in crypto! Not hyped for hype because the design actually makes sense, and thatās what I love.
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