Sonic Labs co-founder Andre Cronje announced the launch of Flying Tulip's fundraising, targeting investors from American funds. The platform is a fully on-chain built high-performance fully functional exchange, with liquidity provided by a synthetic neutral pool based on staking yields. The raised funds will be used for its yield strategies, with profits reinvested into market expansion, platform incentives, token liquidity, and buybacks. All issued tokens come with a permanent buyback right, which can be redeemed at the same exchange rate and currency (BTC, ETH, SOL, USDC, USDe, USDS, ftUSD) as at the time of investment.