AC has announced the launch of Flying Tulip, a new project aimed at creating a comprehensive trading platform that includes spot, derivatives, and lending services. The project plans to raise $1 billion through the issuance of FT tokens, which come with perpetual put protection. The funds will be invested in low-risk DeFi strategies to generate stable returns for operational support. FT tokens can be redeemed at face value, but reselling them forfeits protection and triggers a buyback and burn mechanism, creating a deflationary cycle. This initiative seeks to move beyond traditional short-term token speculation by using long-term capital to support product growth.