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Flying Tulip

All-in-one decentralized finance and on-chain financial marketplace founded by Andre Cronje. It combines spot trading, perpetual derivatives, volatility-aware lending, and a yield-generating stablecoin called ftUSD into a single platform.

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DeFiStablecoinOptionsLendingTradingInsuranceSmart Contracts
Project overview

Onchain financial ecosystem

Its FT structure gives primary participants a perpetual onchain PUT with the ability to hold, exit at par or unlock their FT, while the marketplace allows PUT positions to be traded. Its ftUSD product is a delta-neutral stablecoin and settlement asset whose capital is deployed across onchain lending, borrowing and staking strategies.

Product 01 / 03

Main Flying Tulip platform

A consumer-facing entry point into a multi-product DeFi ecosystem. The experience introduces Flying Tulip's token model, capital-protection mechanism, ecosystem economics and associated financial products without overwhelming the user with protocol complexity.

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Product 02 / 03

ftPUT Marketplace

A secondary onchain marketplace for discovering, valuing, buying and selling perpetual PUT positions attached to Flying Tulip's primary FT allocations.

A PUT position records the collateral, strike asset and FT amount associated with a primary allocation.

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Product 03 / 03

ftUSD

A product interface for a delta-neutral stablecoin designed to maintain a one-dollar peg while putting deposited capital to work across onchain strategies.

ftUSD serves as a settlement asset within the Flying Tulip ecosystem. Its public interface includes stablecoin information, yield-related functionality and transparent protocol data, including risk controls and circuit-breaker parameters.

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WeAreShovels' contribution
  • Frontend development
  • Blockchain data indexing
  • Product management
  • Quality assurance
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