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Andre Cronje’s Flying Tulip Seeks Funding for On-Chain Trading Platform on Sonic Blockchain
Andre Cronje’s Flying Tulip Seeks Funding for On-Chain Trading Platform on Sonic Blockchain
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BTCCSquare news:
Andre Cronje, co-founder of Sonic Labs, is spearheading capital raising efforts for Flying Tulip—a high-performance on-chain trading platform built exclusively on the Sonic (S) layer-1 blockchain. The platform aims to rival centralized exchanges with features like 1000x leverage, adaptive AMMs, and yield-backed synthetic liquidity pools.
Flying Tulip’s architecture integrates spot and perpetual trading, lending, and options, all powered by delta-neutral strategies that mitigate impermanent loss. Cronje publicly solicited U.S.-based investors via social media, marking the project’s formal fundraising debut. The platform’s native FT token will have a fixed supply but remains inactive during this phase.
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