Flying Tulip (FT), a new project created by Andre Cronje, announced that it will launch its public sale tomorrow, open to all users, with a maximum fundraising cap of $1 billion. Andre Cronje previously stated that all funds raised will be deployed into low-risk yield strategies (such as Aave, Lido), and users may redeem their deposits unconditionally at any time；All fees, revenue, and yield generated by the protocol will be used to buy back FT and distributed to users. https://t.co/QgKavuQalAAccording to i ...

RT CoinList (@CoinList)Funds committed to the @flyingtulip_ sale are never spent.Primary allocation capital is deployed into conservative, liquid, on-chain strategies with no leverage or bridging, so principal remains redeemable while the Perpetual PUT is open.Strategies prioritize safety and unwind-ability (e.g. major stablecoin lending on Aave, ETH/L1 staking equivalents) over higher, but riskier, yields.Yield is used in the following order:1⃣ Fund ecosystem development and operations2⃣ All surplus goes t ...