{"id":7868,"date":"2025-08-15T05:49:13","date_gmt":"2025-08-15T05:49:13","guid":{"rendered":"https:\/\/bitunikey.com\/news\/sonic-labs-co-founder-raises-capital-for-flying-tulip-a-new-on-chain-trading-platform\/"},"modified":"2025-08-15T05:49:25","modified_gmt":"2025-08-15T05:49:25","slug":"sonic-labs-co-founder-raises-capital-for-flying-tulip-a-new-on-chain-trading-platform","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/sonic-labs-co-founder-raises-capital-for-flying-tulip-a-new-on-chain-trading-platform\/","title":{"rendered":"Sonic Labs co-founder raises capital for Flying Tulip, a new on-chain trading platform\u00a0"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Flying Tulip, an on-chain trading platform founded by Sonic Labs co-founder Andre Cronje, has begun raising capital to support its launch and expansion.\u00a0<\/p>\n<div id=\"cn-block-summary-block_1047233bb4f6b7f5e4a024ca59112f63\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Andre Cronje is raising funds for Flying Tulip, an on-chain trading platform.<\/li>\n<li>It offers 1000x leverage, adaptive AMMs, and yield-backed liquidity.<\/li>\n<li>Funds go to yield strategies; FT token is fixed supply and not yet live.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>In an Aug. 14 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/andrecronjetech\/status\/1956047290348548559?s=46&amp;t=nznXkss3debX8JIhNzHmzw\" target=\"_blank\">post<\/a> on X, Cronje invited U.S.-based funds to contact the team, marking the project\u2019s first public fundraising effort.<\/p>\n<p>According to details shared by Cronje and the project, Flying Tulip is built entirely on the Sonic (S) layer-1 blockchain and will deliver a high-performance, full-featured decentralized exchange. Its liquidity model is powered by a synthetic delta-neutral pool backed by staking yield, enabling features like spot and perpetual trading, lending, and options.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Flying Tulip is now raising capital. If you are a USA based fund interested in investing, reach out to [email\u00a0protected]<\/p>\n<p>Flying Tulip is a high-performance full featured exchange, built entirely on-chain, with liquidity powered by a synthetic delta-neutral liquidity pool\u2026<\/p>\n<p>\u2014 Andre Cronje (@AndreCronjeTech) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/AndreCronjeTech\/status\/1956047290348548559?ref_src=twsrc%5Etfw\" target=\"_blank\">August 14, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>With leverage options up to 1000x and adaptive liquidity that lowers impermanent loss and boosts capital efficiency, the platform\u2019s architecture aims for centralized exchange-level performance.<\/p>\n<h2 class=\"wp-block-heading\">Use of funds and token model<\/h2>\n<p>Cronje explained that the funds raised will go toward Flying Tulip\u2019s yield strategies and that only the yield will be utilized for marketing, token liquidity, launchpad incentives, and buybacks. The project\u2019s native token, FT, will have a fixed supply split evenly between investors and the foundation, with no inflation or incentive-based issuance.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Holders will have a perpetual right to sell tokens back at the original investment rate in Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USD Coin (USDC), Ethena USDe (USDE), USDS, or ftUSD. The FT token has not yet launched, and the team warned against scams using its name.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Market ambition and competetive edge<\/strong><\/h2>\n<p>Flying Tulip\u2019s adaptive curve AMM switches between two pricing models based on market volatility, giving traders better prices and increasing returns for liquidity providers.<\/p>\n<p>Other features include non-custodial wallets for user control, dynamic loan-to-value ratios to reduce liquidation risks, and hybrid compliance features like tax reporting and Office of Foreign Assets Control\u00a0screening.<\/p>\n<p>The community has responded with a great deal of optimism, with many comparing Flying Tulip\u2019s goals to a decentralized version of GMX and Binance, one that does not have the centralized custody risks. However, its reliance on accurate and resilient oracles for real-time pricing and volatility data will be a critical factor for its success.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flying Tulip, an on-chain trading platform founded by Sonic Labs co-founder Andre Cronje, has begun raising capital to support its launch and expansion.\u00a0 Summary Andre Cronje is raising funds for&hellip;<\/p>\n","protected":false},"author":1,"featured_media":577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=7868"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7868\/revisions"}],"predecessor-version":[{"id":7869,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7868\/revisions\/7869"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/577"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}