Getting a lot of DMs about the Flying Tulip raise and people asking me to explain it in simpler terms.
So here's an @flyingtulip_ FAQ for newcomers and beginners so you don’t feel lost.
What is Flying Tulip?
A DeFi super app where you can:
• Trade perps & spot (AMM + orderbook)
• Borrow & lend with smarter risk controls
• Use a new stablecoin (ftUSD)
Future: insurance & more.
How do I get the FT token?
You invest assets (USDC, ETH, SOL, S etc).
For every $1 you invest, you get 10 FT (price $0.10).
When the time comes, you have to pass the "Flying Tulip Investor test" to participate in the ICO
What's this NFT + 'Perpetual Put'?
Your FT comes with a safety net.
• Keep them there → you can redeem the exact asset you put in anytime.
• Pull FT out → you lose this safety.
Where does my money go? Is it safe?
It stays on the same chain (ETH stays ETH, SOL stays SOL, S stays S).
No bridging. No leverage.
It just earns safe yield (Aave, stETH, jitoSOL).
That yield later funds FT buybacks.
What if I want to exit?
Two ways:
• Redeem → FT burned + you get your deposit back.
• Sell → lose safety, protocol keeps your deposit → uses it to buy & burn FT.
Either way supply shrinks.
How does the team earn if they get no tokens?
Team/Foundation get FT only if protocol makes real revenue.
Revenue buys FT first, then is split (40% Foundation, 20% Team, 20% Ecosystem, 20% Incentives).
No revenue = no team payout.
Takeaway
Flying Tulip = invest with downside protection + shrinking supply
No team dump. No emissions.
If it works, float gets smaller while activity & fees grow
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