Flying Tulip

FT Price

About Flying Tulip (FT)

Flying Tulip is a multi-product decentralized finance protocol designed to facilitate seamless capital movement across lending, derivatives, and yield-bearing assets.

• The protocol features a revenue-funded buyback mechanism where a portion of service fees is used to purchase and burn FT tokens to increase scarcity.
• Initial investors and secondary market participants can access downside protection through a dedicated Perpetual PUT Option marketplace.
• The ecosystem includes ftUSD, a delta-neutral, yield-bearing stablecoin that serves as the primary settlement currency for protocol applications.

What Is Flying Tulip

Flying Tulip is a financial ecosystem that integrates lending services, perpetual swaps, and a native yield-bearing stablecoin. The project aims to enhance capital efficiency by allowing assets to move freely between various financial products without the friction of traditional intermediaries. Value moves through the system via trading fees and interest generated from lending activities, which are managed by on-chain smart contracts.

The FT token is put to work through its central role in the protocol's value capture mechanism. Revenue generated by the platform's services is channeled into a buyback-and-burn pipeline, which is designed to remove tokens from circulation based on protocol usage. This mechanism scales with the ecosystem; as transaction volume and lending activity increase, a higher proportion of fees is allocated to reduce the total supply, theoretically supporting long-term value for holders.

What Makes Flying Tulip Unique

• Downside Protection: The protocol offers a Perpetual PUT Option for initial investors to manage downside risk, with a marketplace allowing secondary buyers to acquire similar protection for their positions.
• Delta-Neutral Stablecoin: Its native stablecoin, ftUSD, is designed to generate yield automatically while maintaining a $1 peg through hedged exposure, aiming to eliminate liquidation risk for holders.
• Slippage-Aware LTV: The lending platform adjusts borrow caps and health factors based on the slippage required to close positions under market stress, rather than using static collateral ratios.

What Can You Use Flying Tulip for?

• Downside Hedging: Users can utilize the Perpetual PUT Option marketplace to protect their FT positions against significant price volatility.
• Yield Generation: Capital can be deposited into the Lend protocol to accrue yield or minted into ftUSD to earn auto-compounding income from on-chain strategies.
• Capital Allocation: Traders can borrow against their collateral to unlock liquidity for structured strategies or delta-neutral perpetual trading within the ecosystem.
• Scarcity Participation: Holders participate in the protocol's economic model, where service fees are used for ongoing token buybacks and burns.

How Does Flying Tulip Work?

Flying Tulip operates on a unified on-chain design that coordinates multiple financial services through smart contracts. The Lend protocol utilizes a capital allocation mechanism that accounts for execution slippage when determining Loan-to-Value (LTV) ratios, ensuring that liquidation thresholds remain robust during periods of high volatility. Transactional efficiency is supported through same-asset debt options, allowing users to borrow in the same denomination as their collateral to maintain delta-neutral positions.

The protocol's stablecoin, ftUSD, functions as a yield-bearing building block. It employs a delta-neutral engine to generate income from lending and staking activities, which is then distributed directly to holders. Protocol service fees collected from these activities are partially allocated to the FT buyback pipeline. Unlike Layer 1 networks, these fees are not used for network gas but are instead recycled into the protocol's tokenomics to manage supply scarcity.

Team Info and Investors

The project documentation highlights that initial investors are provided with Perpetual PUT Options as a core feature of their participation, aimed at capital preservation. While the protocol describes a governance structure integrated into its technical and economic design, the source material does not specify the names of individual founders, team members, or specific venture capital firms associated with the project's early backing.

Where can you buy Flying Tulip?

FT tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade Flying Tulip is Uniswap V3 (Ethereum), where the most active trading pair FT/USDC has a trading volume of $10,921.22 in the last 24 hours. Other popular options include Uniswap V4 (Ethereum) and AscendEX (BitMax).

What is the daily trading volume of Flying Tulip (FT)?

The trading volume of Flying Tulip (FT) is $185,922.32 in the last 24 hours, representing a -41.70% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Flying Tulip (FT)?

Flying Tulip (FT) reached an all-time high of $0.2999 and an all-time low of $0.06790. It’s now trading -67.30% below that peak and 44.20% above its lowest price.

What is the market cap of Flying Tulip (FT)?

Market capitalization of Flying Tulip (FT) is $119,977,341 and is ranked #232 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of FT tokens (1.2 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Flying Tulip (FT)?

The fully diluted valuation (FDV) of Flying Tulip (FT) is $977,949,820. This is a statistical representation of the maximum market cap, assuming the maximum number of 10 Billion FT tokens are in circulation today. Depending on how the emission schedule of FT tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Flying Tulip compare against its peers?

With a price decline of -2.40% in the last 7 days, Flying Tulip (FT) is underperforming the global cryptocurrency market which is down -2.20%, while underperforming when compared to similar Avalanche Ecosystem cryptocurrencies which are up 5.80%.

How to add Flying Tulip (FT) to MetaMask?

Adding Flying Tulip (FT) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import FT as a token. You can copy FT’s contract address (0x5dd1a7a369e8273371d2dbf9d83356057088082c) and import it manually, or if you've installed MetaMask's chrome extension, add FT to MetaMask with one click on CoinGecko.

Add FT to MetaMask.