Flying Tulip raises $200M seed funding round at $1B valuation

▤ Summary

Flying Tulip raised a $200 million seed round at a $1 billion valuation. The crypto venture plans to add an $800 million public token sale on its own platform. It uses an on-chain redemption model that lets investors recover their principal while the protocol deploys capital into yield-generating DeFi strategies. The company is building a full-stack on-chain exchange that includes spot trading, perpetuals, lending, options, a native stablecoin, and insurance across multiple blockchains.

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