Andre Cronje leads a new generation of DeFi ecosystem, Flying Tulip completes $200 million financing to launch public offering

DeFi industry landmark Andre Cronje attracts market attention once again. His leading project Flying Tulip is about to enter the public issuance phase after completing a new round of financing. The funding round reached $200 million, supported by top industry institutions including Brevan Howard Digital, CoinFund, DWF, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital, and Virtuals Protocol.

An Integrated Financial Platform Beyond Traditional Models

Flying Tulip is positioned as a comprehensive on-chain financial marketplace, breaking the limitations of single-function platforms. The platform integrates native stablecoins, lending markets, spot trading, derivatives, options, and on-chain insurance. Its core competitiveness lies in its cross-margin system and volatility management mechanism, which significantly enhances capital efficiency through this system. This means users can perform multiple financial activities within the same platform without frequent switching between different applications.

Innovative On-Chain Repurchase Rights Protection Mechanism

The project adopts a unique design in token distribution. Whether participating in private or public sales, investors will receive an on-chain repurchase right (also known as a “perpetual put option”). This right allows holders to destroy FT tokens at any time and redeem their invested assets (such as ETH) at a price not exceeding the initial investment amount. The buyback process is automatically executed by on-chain logic, with funds coming from a pre-funded on-chain reserve pool.

This design ensures protection for investors while preserving the full potential for token appreciation—neither limiting profit margins nor exposing investors entirely to risks.

Deep Integration of Team Incentives and Token Economics

Flying Tulip deliberately avoids traditional team reserve models in its token allocation. The development team led by Andre Cronje does not enjoy an initial allocation; instead, their tokens are gradually accumulated through a protocol revenue buyback mechanism, steadily increasing according to a transparent schedule. This arrangement ensures that from day one, the team’s interests are directly linked to real usage scenarios and long-term performance.

Founder’s Strategic Statement

In project descriptions, Andre Cronje expressed a clear vision: “Our goal is to build an institutional-grade market structure with on-chain guarantees, achieving true alignment of interests among users, investors, and the team.” This statement reflects Flying Tulip’s ambition to fundamentally redefine DeFi infrastructure.

Platform Market Positioning

Flying Tulip is essentially an on-chain financial trading hub that integrates spot, derivatives, credit management, and risk management functions within a single cross-margin framework. Through this integrated approach, the platform promises capital efficiency, transparent risk management, and long-term ecosystem sustainability.