Flying Tulip (FT), a new project by Andre Cronje, is set to launch its public sale tomorrow, targeting a maximum fundraising cap of $1 billion. The project aims to deploy all raised funds into low-risk yield strategies, such as Aave and Lido, allowing users to redeem their deposits unconditionally at any time. All fees, revenue, and yield generated will be used to buy back FT tokens and distributed to users.
Currently, the project has a total value invested of $126.10 million and has generated a cumulative yield of $85.63K, even before the official protocol launch. This early revenue generation highlights the project's potential in the decentralized finance space.
Flying Tulip to Launch Public Sale with $1 Billion Cap
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