TechFlow News: On January 30, according to The Block, Flying Tulip—a DeFi platform founded by Andre Cronje—has completed a $225.5 million institutional funding round at a $1 billion valuation. The project has additionally raised $50 million via the Impossible Finance platform and plans to conduct a public sale through CoinList. It has already secured over $1.36 billion in investment commitments, with approximately $400 million in capacity remaining.
The Flying Tulip token price is fixed at $0.10, and all investments include a “perpetual put option,” allowing investors to redeem their principal at any time. The platform plans to deploy the funds into on-chain strategies targeting an annual return of 4% to support its growth.
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