I spent a lot of time thinking about Flying Tulip FDV, this is a problem we had during the original pitches as well.Normal raises are simple, there will be X amount of tokens, so X * price.FT raise doesn't technically raise against the token, it raises against an American (exercise-anytime) put option with no expiry. So this then led me down the rabbit hole of how would you price that?So then instead, I tried to price perpetual American put options against similar apps; Aave, Ethena, Uniswap, Hyperliquid, e ...