Flying Tulip, a trading platform on the series founded by André Kronji, co -founder of Sonic Labs, started collecting capital to support and expand its launch.
summary
- Andre Cronje collects funds for Flying Tulip, a chain trading platform.
- It provides 1000X leverage, adaptive AMMS, and the liquidity backed by the return.
- The money goes to the return strategies; The distinctive icon FT is fixed supplies and not live yet.
On August 14th mail In X, Cronje has called the US -based boxes to contact the team, which is the first effort to collect general donations of the project.
According to the details shared by Cronje and the project, Flying Tulip is fully designed on Sonic (S) Layer-1 Blockchain and will make a fully-performance decentralized exchange. Its liquidity model is run by a neutral gathering of artificial delta -backed with a yield, and enable features such as stains, permanent trade, lending, and options.
With leverage options up to 1000X and adaptive liquidity that reduces inaccurate loss and enhances capital efficiency, the platform structure aims to perform the central stock level.
Using funds and a distinctive symbol model
Kronji explained that the collected money will go towards the Tulip’s return strategies and that the return will be used only for marketing, symbolic liquidity, fire incentives, and repurchase. The original symbol of the project, FT, will divide a fixed supply equally between investors and the institution, with no enlarged or incentive version.
The holders of the permanent right to selling modified symbols will be for the original investment rate in Bitcoin (BTC), ETHEREUM (ETH), Solana (SOL), USA (USDC), Ethena Usde (USDE), USDS, or FTUSD. The FT icon has not yet been launched, and the team warned against fraud using its name.
Market ambition and competitiveness
The AMM ripes of the adaptive curve from the flying tulip between two pricing models based on market fluctuations, giving traders better prices and increasing returns to liquidity providers.
Other features include non -trustee portfolio to control user, loan ratios to a dynamic value to reduce the risk of filtering, and hybrid compliance features such as tax reports and foreign asset examination office.
Society has responded with great optimism, as many compare the goals of Flying Tulip with a central version of GMX and Binance, which does not contain the risks of central custody. However, its dependence on Oracles is accurate and flexible for pricing data and real -time volatility will be a decisive factor for its success.
https://crypto.news/app/uploads/2025/04/crypto-news-Sonic-option05.webp
2025-08-15 05:37:00
