Project Overview - Flying Tulip is developing a DeFi exchange/financial marketplace integrating spot trading, derivatives, lending, options, structured yield, and risk transfer within a cross-margin framework [1] - The platform employs a hybrid/volatility-aware AMM + CLOB architecture to optimize price execution and liquidity efficiency [1] - Andre CronjeTech implements a dynamic Loan-to-Value (LTV) model, adjusting borrowing limits based on volatility, slippage, collateral size, and market depth to reduce liquidation risk and enhance capital efficiency [2] Key Innovations - Adaptive curve AMM model reduces slippage in calm markets, handles price swings in volatile markets, and decreases impermanent loss by adjusting its "curve exponent" based on volatility [3] - Dynamic LTV adjusts borrower's limits dynamically per asset and market conditions, allowing more borrowing during stable periods and tightening limits in volatile times [4] - Cross-margin & unified pools features aim to reduce friction, increase capital efficiency, and improve user experience [4][5] Tokenomics and Funding - The team has no initial token allocation, with earnings accruing via open-market buybacks funded by protocol revenue [5] - The project raised $200 million in private funding at a $1 billion valuation [7] - A public sale of the native token $FT is planned at the same $1 billion valuation, with 100% unlock on TGE for investors [7]

Product Updates - Orbs CBO 在 DeFi Night 宣布重大更新，更多信息即将发布 [1] - 推出 dSLTP [1] - 揭幕 Orbs DAO [1] - 深入研究永续合约 (perpetuals) [1] - Perpetual Ultra 正在进行集成 [1] - 新的链上永续合约标准即将到来 [1]

Product Launch - Bluefin Pro, powered by SuiNetwork, has been launched [1] - Bluefin initially launched perpetuals on Sui in Q4 2023 [1] Trading Volume - The beta platform has processed over $50 billion in trading volume [1] Growth Expectation - Bluefin aims for 10x growth with Bluefin Pro [1]