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Andre Cronje’s Flying Tulip DeFi Project Launches Public Sale with $1B Cap
Andre Cronje’s Flying Tulip DeFi Project Launches Public Sale with $1B Cap
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BTCCSquare news:
Andre Cronje's latest DeFi venture, Flying Tulip, opens public token sales on February 16, offering participants exposure to low-risk yield strategies through platforms like Aave and Lido. The protocol distinguishes itself by allowing unrestricted redemptions while funneling all revenue into FT token buybacks—a structure designed to balance downside protection with upside potential.
Early metrics reveal $127.41 million in invested value and $87.63K in cumulative yield before full launch. Institutional backing includes a $200 million initial raise from Brevan Howard Digital, CoinFund, and others, followed by $25 million from Amber Group and Fasanara Digital. The project achieved record raises on Impossible Finance ($55M) and CoinList ($10M).
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