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Author|Azuma ( @azuma_eth ) On September 30, Flying Tulip, a full-stack on-chain exchange founded by the “former DeFi king” Andre Cronje (AC), officially announced that it had completed US$200 million in private financing and planned to raise another US$800 million in public offerings at a valuation of US$1 billion to build a comprehensive platform integrating native stablecoins, lending, spot trading, contract trading, and on-chain insurance. In Flying Tulip’s financing announcement, the most eye-catching content, apart from the huge financing target of “US$1 billion”, is that Flying Tulip will adopt a fundraising method that is completely different from traditional private or public offerings – specifically, Flying Tulip will provide all investors with a reversible “redemption” option through a perpetual put option, allowing investors to destroy the token FT at any time…# Analysis# crypto# MarketPre
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