Andre Cronje

Systems architect. Founder @flyingtulip_

[XT Exchange 🚀 @XTexchange]

🚀 New Listing: $FT (Flying Tulip) Pre-Market trading was closesd and spot trading has been live. @flyingtulip_

✅ Deposit: Opened
✅ Trading: 09:00 on February 28, 2026 (UTC)
✅ Withdrawal: 09:00 on March 01, 2026 (UTC)

Trade NOW ⤵️
https://t.co/gnqDpVK6w4

#XT #XTlisting

[MEXC Alpha @Alpha_MEXC]

MEXC New Listing!

‣ $FT @flyingtulip_
‣ $FT/USDT Trading: Feb 23, 2026 (Available once liquidity requirements are met)

Details: https://t.co/zpVBwp0K8C

[BTCC @BTCCexchange]

📢 $FT is landing on BTCC Spot!
@flyingtulip_ is an on‑chain financial system that standardizes pricing, credit, and risk
$FT /USDT trading pair coming soon ⚡Stay Tune

#BTCCSpot #FLYINGTULIP

[BitMart @BitMartExchange]

#BitMart will list Flying Tulip (FT) @flyingtulip_ on our digital assets platform on May 19, 2026 🤩

💰Trading pair: $FT/USDT
💎Deposit: 5/18/2026 9:00 AM UTC
💎Trading:5/19/2026 9:00 AM UTC

Learn more: https://t.co/pM0mmoCUPy

[AscendEX @AscendEX_]

🚀 #FT/USDT is LIVE! 🎉

🟢 Trading for @flyingtulip_(#FT) has officially started.

💼 Dive into the action now!

Trade here 👉https://t.co/XyDKSNZmvg

#AscendEX #FT

[Andre Cronje @AndreCronjeTech]

More volume on the PUT derivative market than SPOT. Less sell pressure, less volatility.

[flyingtulip.com @flyingtulip_]

The new Flying Tulip PUT Marketplace is live.

The Marketplace lets users buy and sell Perpetual PUTs: NFT-represented on-chain positions issued during the primary sale that give holders the right to redeem the original backing capital or withdraw the associated FT.

The Marketplace has already generated over $1.4M in trading volume, with more than 250 completed sales and 130 active listings.

This version improves the buy/sell flow, reorganizes the interface, and brings the marketplace in line with the updated Flying Tulip design system.

[Andre Cronje @AndreCronjeTech]

Earn 4.59% on USDC/USDT on Ethereum via ftUSD
Earn 18.50% on USDC/USSD on Sonic via ftUSD

Margin based lending offers;
2.70% USDT on Ethereum
3.53% USDC on Ethereum
6.69% USDC on Sonic

Borrow rates on BTC & ETH less than 1%.

Maintenance Margin based lending means higher effective LTV, multicollateral netting. RFQ based liquidations means smaller haircuts and more time to respond.

0 subsidies, instant liquidity.

Only on @flyingtulip_

[Andre Cronje @AndreCronjeTech]

The cool think about crypto finance, is you can build things like buybacks into the protocol as a first class citizen instead of a post revenue afterthought.

[0xHolder @OxHolder]

The buyback mechanism is already proving its power.

From April 21st to June 12th, the @flyingtulip_ protocol already bought back ~1% of the ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c currently circulating on the secondary market in just 1.5 months.

And that's while only 2 products are live today: ftUSD and margin lending. Neither has yet reached its full potential, as both products are currently capped.

Now imagine what happens when spot, TPS, perps, launchpad, insurance, binary prediction markets, WitnessNet, and the rest of the ecosystem go live. The amount of protocol-driven buy pressure is going to be staggering.

This is only the beginning. The biggest growth drivers haven't even arrived yet.

The journey from here is going to be incredible.

We're still extremely early to what could become one of DeFi's leading protocols. The innovation, tokenomics, and value capture mechanisms are simply on another level.

Crazy times ahead 🌷👀

[Andre Cronje @AndreCronjeTech]

Current caps hit, will increase next week.

[flyingtulip.com @flyingtulip_]

Flying Tulip Weekly Update - June 12

This week: Work continues on optimization and UX for Spot, Leverage Spot, and TRS, while also preparing the new version of the PUT Marketplace.

Lend TVL increased to $5.04M, with deposited USDC currently yielding 3.53% on Ethereum and 7.14% on Sonic.

Without token inflation or other incentives, and supported by the delta-neutral on-chain strategy, staked ftUSD APY on Sonic is currently 26.93%.

More stats in reply 👇

[Andre Cronje @AndreCronjeTech]

Not sustainable, but cool while it is nonetheless.

[DoctorDeFi @DoctorDeFi]

.@flyingtulip_ ftUSD yield on Sonic is now touching 40%. 🤯

Zero incentives.

Bids are also live on the updated Flying Tulip PUT dashboard. You can now select PUTs based on backing capital, collateral, and timeframe before placing your bid.

ftUSD: https://t.co/y8xrSQSmQy
Marketplace: https://t.co/pdAtBq07He

[Andre Cronje @AndreCronjeTech]

🤖

[0xHolder @OxHolder]

Most yield protocols need incentives to stay competitive.

ftUSD doesn't.

▪️ 38.81% APY on Sonic
▪️ 7.86% APY on Ethereum

No emissions. No rewards farming.

Returns are powered by @flyingtulip_ delta-neutral strategy, combined with additional yield generated from idle ftUSD liquidity.

Instant minting. Instant redemption. Pure yield.
https://t.co/CplqDGE7GW

[Andre Cronje @AndreCronjeTech]

Almost. https://t.co/Z6ldjOQgxs

[Udi Wertheimer @udiWertheimer]

@zkDragon it’s crazy how almost no crypto app has rate limits lmfao

[Andre Cronje @AndreCronjeTech]

looks pretty

[0xHolder @OxHolder]

Core protocol revenue buybacks are beautiful to watch as they scale on @flyingtulip_

Every buyback on this chart is funded by protocol-generated revenue.

And this is just one source among multiple value accrual mechanisms built into the ecosystem

Real revenue.
Real buybacks.
Real value accrual.

ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c 🌷👀

[Andre Cronje @AndreCronjeTech]

FT's first big drawdown event, equity account based lending only liquidated about ~$50k in liquidations, equity accounting meant far less liquidations (netted risk vs discounted collateral) and soft liquidations meant far smaller amounts (average liquidation sizes were $200-$2k), in LTV based system this number would have been 10x-20x higher.

Safer, less volatile, smaller haircuts.

https://t.co/Ux9p3maqCv

[Andre Cronje @AndreCronjeTech]

Still some appetite for defi innovation at least.

[flyingtulip.com @flyingtulip_]

Flying Tulip Weekly Update - June 5

This week: optimization and hardening of ftUSD and Lend across Sonic and Ethereum, ongoing work on the new version of the PUT Marketplace, and continued progress toward Spot, Leverage Trading, and TRS.

ftUSD supply remained stable at $2.15M, supported by rollout of on-chain delta-neutral strategies, with current staked ftUSD APY at 18.49% on Sonic, and 2.18% on Ethereum.

sftUSD redemptions are instant, with no unstaking periods and no exit queues.

More stats in reply 👇

[Andre Cronje @AndreCronjeTech]

Talked about soft liquidations for the first time ~2022, finally live in @flyingtulip_ 's margin / equity lending system. Small tiny trades to chip away and get you back to healthy status, no big collateral swaps.

[Andre Cronje @AndreCronjeTech]

@0xMerp bruh

[Andre Cronje @AndreCronjeTech]

🧑‍🌾

[DoctorDeFi @DoctorDeFi]

Protocol revenue/fee buybacks on @flyingtulip_ just hit a new ATH.

12,344 ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c bought in the last 24h from protocol revenue / fee distribution alone. This excludes PUT withdrawal-funded buybacks.

Product revenue/fee/yield → ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c buybacks.

[Andre Cronje @AndreCronjeTech]

20% yield ptsd

[DoctorDeFi @DoctorDeFi]

ftUSD on @flyingtulip_ is now around 20% yield for stakers on Sonic.

The yield is not coming from points, emissions, or a short term farming campaign.

ftUSD is backed by stable collateral, and when users stake ftUSD into sftUSD, that collateral is put to work through Flying Tulip’s yield engine.

[Andre Cronje @AndreCronjeTech]

Month 3.

[flyingtulip.com @flyingtulip_]

Flying Tulip May Update

In May, we focused on optimizing, hardening, and scaling ftUSD, margin-based Lend, and the infrastructure needed for Spot, Leverage Trading, and TRS.

ftUSD supply grew from $1.49M to $2.07M, with activity-based APY of 29.36% on Sonic and 8.02% on Ethereum. Margin-based Lend expanded to Ethereum, and total Lend TVL reached $4.90M — all without incentives or points.

Read the full update: https://t.co/g3B15fxmIH