🚨Flying Tulip is the perpdex launch of Andre's price, I'm not going to talk about perpdex according to the current narratives... because there have been too many articles discussing that already. Here I see a quite interesting mechanism of the $FT token, which is a perpetual put. For many years, DeFi fundraising has followed a worn-out path: Selling tokens to VCs → unlock → dump → retail is the exit liquid provider. This story has repeated enough times for the community to lose faith in token launches. Flying Tulip introduces a mechanism colloquially called "fundraising with capital protection.” 📌 Perpetual Put – the right to withdraw capital at any time - Investors buy FT tokens, and if they do not sell them on the market, they always have the right to burn FT to get back their capital (USDC/ETH). - This is like a perpetual put option: Holding the token = capital is protected. - For the first time, fundraising not only promises profits but also has a defensive mechanism for investors. 📌 ftUSD – a stablecoin with yield (high) - Tulip simultaneously issues ftUSD, a stablecoin with a yield of about 8-12% based on a delta-neutral model (similar to Ethena). - ftUSD is the tool for the Tulip ecosystem to rotate capital, creating real cash flow to sustain the buyback & burn mechanism of FT. 📌 Deflationary tokenomics + revenue returning to holders - A portion of the revenue is used to buy back & burn FT. - Combined with the Perpetual Put, this tokenomics means that Tulip will have long-term upside as long as the Tulip Eco maintains revenue. The question arises, why has it taken three bull runs to have a perpetual put model like $FT, or do the creators feel that the model of selling tokens to VCs while dumping on retailers is coming to an end?