Flying Tulip (FT)

Flying Tulip is an on-chain exchange that provides spot trading, perpetual contracts, lending, options, and structured yield. The platform combines an AMM with an order book, supports volatility-adjusted lending, and enables cross-chain deposits for unified DeFi trading.

Seed Round: $200M

Whitepaper

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Interest lvl

High

Updated: Jan 20, 2026

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User Rating

Medium

3/5 • 1 votes

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Ticker

FT

Registration year2025

Launchpads

Impossible Finance

What is Flying Tulip

Flying Tulip is an execution-aware DeFi platform. It combines in one place what normally lives in separate apps all with key innovations.

• A perpetual futures exchange
• A hybrid AMM + CLOB spot market
• A volatility-aware lending platform
• A delta-neutral stablecoin (ftUSD)
• Future modules like insurance & options

Its key innovation is risk that adapts to real market conditions. Instead of static LTV tables or rigid AMM curves, the system constantly measures:

…and then adjusts borrow limits, liquidation sizing, and pricing curves on the fly.

This makes it harder for one trade or liquidation to break the market.