Andre Cronje's contract trading platform Flying Tulip has launched a fundraising campaign, primarily targeting U.S. funds

ChainCatcher news, Sonic Labs (formerly Fantom) co-founder Andre Cronje (AC) posted on the X platform that Flying Tulip is raising funds and welcomes interested U.S. funds to get in touch.

It is reported that Flying Tulip is a new high-leverage contract trading platform disclosed by AC in March this year. The exchange's token will be FT, with a fixed supply of FT, no token inflation or token incentives, 50% allocated to investors and 50% to the foundation. Compared to traditional AMMs, Flying Tulip's adaptive curve can reduce impermanent loss by up to 42%, allowing for the option to provide liquidity with leverage to amplify returns while maintaining the advantages of a fully diversified position.