{"id":56974,"date":"2025-11-14T18:00:22","date_gmt":"2025-11-14T15:00:22","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=56974"},"modified":"2025-11-14T13:04:32","modified_gmt":"2025-11-14T10:04:32","slug":"what-is-flying-tulip-ft","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/","title":{"rendered":"What is Flying Tulip (FT)?"},"content":{"rendered":"<p dir=\"auto\">In DeFi, collateral is often siloed: Assets deposited in a lending pool can&#8217;t simultaneously back order book positions or serve as futures margin. Liquidity is fragmented, pricing is static, and risk management relies on delayed oracles. <strong>Flying Tulip (FT)<\/strong> tackles these issues head-on: an on-chain <a href=\"https:\/\/coinengineer.net\/blog\/kiyosaki-financial-storm-coming-bitcoin-and-ethereum-are-safe\/\">financial<\/a> system offering <a href=\"https:\/\/coinengineer.net\/blog\/cftc-approval-leveraged-spot-crypto-trading-coming-to-exchanges\/\">spot trading<\/a> (AMM + CLOB), lending, perpetual futures, insurance, and a settlement rail (<strong>ftUSD<\/strong>) with a single collateral base. The same deposit earns base yield while securing lending, CLOB orders, or futures margin. Pricing and risk derive from real executable liquidity\u2014no static tables or lagging oracles. Protocol revenues flow transparently and programmatically into token buybacks.<\/p>\n<p dir=\"auto\">In this article, we&#8217;ll dive into Flying Tulip&#8217;s architecture, products, tokenomics, and roadmap. Ready to explore the new benchmark for capital efficiency?<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/#What_is_Flying_Tulip_FT\" title=\"What is Flying Tulip (FT)?\">What is Flying Tulip (FT)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/#Problems_and_Solutions\" title=\"Problems and Solutions\">Problems and Solutions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/#System_Design\" title=\"System Design\">System Design<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/#Trading_Engine_Spot_AMM_CLOB_%E2%80%93_Pricing_Backbone\" title=\"Trading Engine: Spot (AMM + CLOB) \u2013 Pricing Backbone\">Trading Engine: Spot (AMM + CLOB) \u2013 Pricing Backbone<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/#Lending_Permissionless_Permissioned_Cross-Collateral\" title=\"Lending: Permissionless + Permissioned Cross-Collateral\">Lending: Permissionless + Permissioned Cross-Collateral<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/#Perpetual_Futures_Oracleless_Depth-Aware\" title=\"Perpetual Futures: Oracleless, Depth-Aware\">Perpetual Futures: Oracleless, Depth-Aware<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/#Settlement_Rail_ftUSD_sftUSD\" title=\"Settlement Rail: ftUSD \/ sftUSD\">Settlement Rail: ftUSD \/ sftUSD<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/#Risk_Operations\" title=\"Risk &amp; Operations\">Risk &amp; Operations<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/#Programmatic_Value_Flow\" title=\"Programmatic Value Flow\">Programmatic Value Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/#Insurance_Pay-as-You-Go_Protection\" title=\"Insurance: Pay-as-You-Go Protection\">Insurance: Pay-as-You-Go Protection<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/#Flying_Tulip_Roadmap\" title=\"Flying Tulip Roadmap\">Flying Tulip Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/#Flying_Tulip_Investors_200M_Raised_1B_Valuation\" title=\"Flying Tulip Investors: $200M Raised, $1B Valuation\">Flying Tulip Investors: $200M Raised, $1B Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/#Flying_Tulip_Team\" title=\"Flying Tulip Team\">Flying Tulip Team<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/#Official_Links\" title=\"Official Links\">Official Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"What_is_Flying_Tulip_FT\"><\/span>What is Flying Tulip (FT)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">Flying Tulip is an on-chain financial ecosystem that standardizes pricing, credit, and risk. It includes Spot (AMM + CLOB), lending, perpetual futures, insurance, and ftUSD settlement rail. Core principle: One collateral serves multiple roles. Revenues drive FT token buybacks and burns\u2014a &#8220;token-first&#8221; model.<\/p>\n<p dir=\"auto\">Better Yield: Collateral earns base yield while backing lending, CLOB orders, or futures margin. Revenues fuel buybacks. Better UX: Mechanics are contract-encoded; the same depth-aware prices power trading, LTVs, funding, and liquidations.<\/p>\n<p dir=\"auto\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-182388 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/11\/flying-tulip-1.png\" alt=\"\" width=\"1352\" height=\"622\" \/><\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Problems_and_Solutions\"><\/span>Problems and Solutions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">Capital Isolation: Traditional DeFi silos collateral per product. Flying Tulip&#8217;s permissioned credit layer enables cross-collateral\u2014one deposit secures multiple activities while continuing to earn yield.<\/p>\n<p dir=\"auto\">Fragmented Liquidity &amp; Static Pricing: x\u00b7y=k AMMs are reliable but produce wide spreads and volatility losses. Flying Tulip Spot uses a hybrid curve: constant-sum in calm markets (tight spreads), constant-product in stress (LP protection). Pricing comes from real executable liquidity.<\/p>\n<p dir=\"auto\">USD-Centric Debt Assumptions: Lending risks are often USD-denominated. Flying Tulip supports asset-consistent borrowing and portfolio cross-margining\u2014permissionless markets stay pair-scoped.<\/p>\n<p dir=\"auto\">Centralized Dependencies: Perpetuals depend on external oracles. FT Futures uses internal trading (AMM + CLOB) for sub-second updates and depth-aware limits\u2014eliminating oracle lag\/manipulation risks.<\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"System_Design\"><\/span>System Design<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Trading_Engine_Spot_AMM_CLOB_%E2%80%93_Pricing_Backbone\"><\/span>Trading Engine: Spot (AMM + CLOB) \u2013 Pricing Backbone<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul dir=\"auto\">\n<li>AMM: Transitions between constant-sum \u2194 constant-product via volatility signals (EMAs). Pre-trade simulation, bounded impact, minimum reserves.<\/li>\n<li>CLOB: Price-time-priority limit orders.<\/li>\n<li>Router: Sweeps CLOB liquidity first, crosses remainder on AMM.<\/li>\n<li>Windows: TWAP (time-weighted), RWAP (reserve-weighted)\u2014executable price and depth source for downstream systems (LTV, funding, liquidation).<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-182392 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/11\/spot-scaled.webp\" alt=\"\" width=\"2560\" height=\"768\" \/><\/p>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Lending_Permissionless_Permissioned_Cross-Collateral\"><\/span>Lending: Permissionless + Permissioned Cross-Collateral<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul dir=\"auto\">\n<li>Permissionless: Every Spot pair auto-creates a lending market. Borrowing power is depth-aware from Spot windows. Snapshot LTV (locked at position open). Soft liquidation (time-sliced, depth-aware, CLOB-aware).<\/li>\n<li>Permissioned: Curated assets in one pool with cross-collateral. Debt-netting for delta-neutral structures (ftUSD)\u2014near-zero liquidation paths within configured bounds. Single deposit earns yield while backing orders and futures margin.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-182394 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/11\/lending-scaled.webp\" alt=\"\" width=\"2560\" height=\"768\" \/><\/p>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Perpetual_Futures_Oracleless_Depth-Aware\"><\/span>Perpetual Futures: Oracleless, Depth-Aware<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"auto\">Internal trading serves as oracle. Leverage limits, liquidation sizing, slippage guards from TWAR windows (&#8220;How much X for Y clears in this interval without breaching reserves?&#8221;). Funding tied to Lend borrowing costs. Settlement in ftUSD; opt-in settlement LPs earn fees.<\/p>\n<p dir=\"auto\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-182395 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/11\/futures-scaled.webp\" alt=\"\" width=\"2560\" height=\"768\" \/><\/p>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Settlement_Rail_ftUSD_sftUSD\"><\/span>Settlement Rail: ftUSD \/ sftUSD<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul dir=\"auto\">\n<li>ftUSD: Non-yielding (default), $1 peg. Protocol revenues from unstaked ftUSD.<\/li>\n<li>sftUSD: Staked ftUSD\u2014earns yield (variable, not guaranteed).<\/li>\n<li>Structure: Delta-neutral, conservative sizing\u2014balanced long\/short.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-182397 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/11\/ftusd-scaled.webp\" alt=\"\" width=\"2560\" height=\"768\" \/><\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Risk_Operations\"><\/span>Risk &amp; Operations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul dir=\"auto\">\n<li>Policy: Conservative allocation (no leverage\/bridge for treasury), per-asset\/venue caps, circuit breakers, staged parameter changes.<\/li>\n<li>Execution: Pre-trade simulation, bounded fees (low in calm, high in stress), soft liquidation (time-sliced on Spot).<\/li>\n<li>Transparency: Addresses, parameters, windows (TWAP\/RWAP\/TWAR), utilization, fee schedules published. Audits and incident processes documented.<\/li>\n<\/ul>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Programmatic_Value_Flow\"><\/span>Programmatic Value Flow<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"auto\">All revenues (trading, lending, futures, insurance, settlement) feed FT buyback pipeline. FT distributed or burned per policy. Revenue-funded burns govern unlocks (Foundation\/Team\/Ecosystem\/Incentives 40:20:20:20, 1:1). Interest-only burns directly reduce supply.<\/p>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Insurance_Pay-as-You-Go_Protection\"><\/span>Insurance: Pay-as-You-Go Protection<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul dir=\"auto\">\n<li>Model: Lending-like\u2014premium paid only while active.<\/li>\n<li>LP: Supplies pool \u2192 earns premiums.<\/li>\n<li>Buyer: &#8220;Borrows&#8221; protection capacity, scales up\/down.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-182398 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/11\/insurance-scaled.webp\" alt=\"\" width=\"2560\" height=\"768\" \/><\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Flying_Tulip_Roadmap\"><\/span>Flying Tulip Roadmap<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">Development Cycle: Internal \u2192 Freeze \u2192 3+ audits \u2192 GTM \u2192 Release.<\/p>\n<p dir=\"auto\">Milestones (Dependency waterfall):<\/p>\n<ol dir=\"auto\">\n<li>PCA: On-chain raise + Perpetual PUT.<\/li>\n<li>Core Permissioned Stack: Lend, ftUSD, Leveraged Spot, Spot, Perpetual Futures.<\/li>\n<li>Core Permissionless Stack: Adaptive AMM, Dynamic Lend, Permissionless Futures\/Options.<\/li>\n<li>Oracles &amp; Apps: Witnessnet, Binary Prediction Markets, Launchpad, Insurance.<\/li>\n<\/ol>\n<p dir=\"auto\">Estimated Timeline: 36-54 months (2-3 months per phase).<\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Flying_Tulip_Investors_200M_Raised_1B_Valuation\"><\/span>Flying Tulip Investors: $200M Raised, $1B Valuation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">Flying Tulip, with its focus on capital preservation and sustainable value via yield-funded buybacks, raised $200 million at a $1 billion valuation. Backing spans leading VCs like CoinFund and Hypersphere to institutional players like DWF Labs and Brevan Howard Digital.<\/p>\n<ul dir=\"auto\">\n<li>Tier 2\n<ul dir=\"auto\">\n<li>CoinFund<\/li>\n<li>Hypersphere Ventures<\/li>\n<li>DWF Labs<\/li>\n<li>Republic<\/li>\n<li>Nascent<\/li>\n<\/ul>\n<\/li>\n<li>Tier 3\n<ul dir=\"auto\">\n<li>Lemniscap<\/li>\n<li>Selini Capital<\/li>\n<li>Brevan Howard Digital<\/li>\n<li>FalconX<\/li>\n<\/ul>\n<\/li>\n<li>Tier 4\n<ul dir=\"auto\">\n<li>Tioga Capital Partners<\/li>\n<li>Sigil Fund<\/li>\n<\/ul>\n<\/li>\n<li>Others\n<ul dir=\"auto\">\n<li>Susquehanna International Group<\/li>\n<li>Virtuals Protocol<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-182385 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/11\/flying-tulip-investor.png\" alt=\"\" width=\"862\" height=\"529\" \/><\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Flying_Tulip_Team\"><\/span>Flying Tulip Team<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">Flying Tulip was founded by Andre Cronje. The architect of Yearn Finance and Fantom, Cronje leads in DeFi capital efficiency and risk management. The team builds Flying Tulip from scratch with adaptive curves, oracleless futures, and token-first models\u2014ending collateral isolation.<\/p>\n<p dir=\"auto\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-182386 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/11\/flying-tulip.png\" alt=\"\" width=\"560\" height=\"139\" \/><\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Official_Links\"><\/span>Official Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><a href=\"https:\/\/flyingtulip.com\/\">Website<\/a><\/li>\n<li><a href=\"https:\/\/x.com\/flyingtulip_\">X (Twitter)<\/a><\/li>\n<li><a href=\"https:\/\/docs.flyingtulip.com\/\">Whitepaper<\/a><\/li>\n<\/ul>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In DeFi, collateral is often siloed: Assets deposited in a lending pool can&#8217;t simultaneously back order book positions or serve as futures margin. Liquidity is fragmented, pricing is static, and risk management relies on delayed oracles. Flying Tulip (FT) tackles these issues head-on: an on-chain financial system offering spot trading (AMM + CLOB), lending, perpetual<\/p>\n","protected":false},"author":29,"featured_media":56989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,5],"tags":[25620,25621,25618,13655,5406,25622,2115,25619],"class_list":["post-56974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi-projects","category-project-review","tag-ft-coin","tag-ft-token","tag-ftusd","tag-insurance","tag-perpetual-futures","tag-settlement-rail","tag-spot","tag-what-is-flying-tulip-ft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Flying Tulip (FT)? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Flying Tulip (FT) is offering spot trading, lending, perpetual futures, insurance, and settlement rail (ftUSD) with single collateral.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-is-flying-tulip-ft\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Flying Tulip (FT)? 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