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Public Sale

Prepare for Flying Tulip Public Sale​

Note: No leverage, no "looping", no high risk collateral. Please, read about associated risks before participating in public sale.

Foremost, do not rush, there will be ample opportunity to participate. Public sale is not live and will not be "stealth released". All information will be published on Flying Tulip website with sufficient time to review all relevant smart contracts and materials.

The public sale has 4 rounds:

  1. Early access: available for Impossible1 and Coinlist2 communities (limited by $200m3 each). Both teams have provided us support since 2024, and we wish to give back to them and their communities.

  2. Supporter whitelist: available for whitelisted addresses based on metrics we will share in coming weeks.

  3. Intent whitelist: available for users who showed interest on Flying Tulip webpage. It is necessary to provide wallet address, chain, asset and amount in the form; and pass "Accredited Investor" quiz. We will share both in coming weeks.

Note: Form and quiz are not live yet.

  1. Public sale: available for everyone to participate.

All sale rounds are available on Ethereum, Avalanche, Sonic, Base, BSC and Solana.

Note: To mitigate cross code risk Solana round is planned only if EVM chains are not filled.

Note: All rounds have the exact same terms: 1FT = $0.1!

There is no need to participate in any given round, since there is no special treatment in any of them. However, both Impossible and Coinlist have their own requirements independent of our sale. Make sure to understand pros and cons of each round.

  • Early access:
    • Impossible & Coinlist require KYC
    • Impossible charges 1% fee
    • Coinlist fee structure – undisclosed
  • Supporter whitelist:
    • does not require KYC
  • Intent whitelist:
    • does not require KYC
    • requires filled-in interest form
    • requires to complete "Accredited Investor" quiz
  • Public sale:
    • does not require KYC

Networks and Accepted Tokens​

Flying Tulip public sale is available on following networks: Ethereum, Avalanche, Sonic, Base, BSC and Solana; with list of accepted tokens:

  • Ethereum: USDT, USDC, USDS, USDtb, USDe, ETH
  • Avalanche: USDC, USDT, AVAX
  • Sonic: USDC, S
  • Base: USDC, ETH
  • BSC: BNB
  • Solana: USDC, SOL

Note: It is not neccesary to bridge tokens as long as they are held on the right network.

Network Caps​

Flying Tulip public sale is a challenge in itself. It can't be run concurrently since tokens distribution is unknown and those tokens should be moved to relevant contracts.

Flying Tulip aims for the lowest risk and "available at any time for withdrawal" strategies. With this in mind it occupies at most 5% of strategies TVL, meaning max%≤0.05×TVLstrategymax_\% \leq 0.05 \times TVL_{strategy}. This together with accepted tokens translates to public sale limits for each network.

Following table4 specifies networks, accepted tokens and strategies, capital will be allocated to; as well as strategies' approximate APY, total value locked and max capital allocation.

NetworkTokenStrategyAPYTVLMax %
EthereumUSDTAave55.05%$6,410,000,000.00$320,500,000.00
USDCAave4.00%$5,780,000,000.00$289,000,000.00
USDSAave4.24%$73,670,000.00$3,683,500.00
USDtbAave7.29%$102,000,000.00$5,100,000.00
USDeAave8.17%$1,440,000,000.00$72,000,000.00
ETHAave1.59%$10,470,000,000.00$523,500,000.00
Network Max$80,783,500.00
AvalancheAVAXAave1.23%$462,340,000.00$23,117,000.00
BenQI6 Staking5.02%$499,268,767.00$24,963,438.35
USDCAave6.30%$203,450,000.00$10,172,500.00
USDTAave5.65%$101,790,000.00$5,089,500.00
Network Max$63,342,438.35
SonicSAave1.25%$29,250,000.00$1,462,500.00
Beets7 Staked S3.79%$67,919,046.00$3,395,952.30
USDCAave6.41%$24,780,000.00$1,239,000.00
Network Max$6,097,452.30
BaseUSDCAave5.79%$357,150,000.00$17,857,500.00
ETHAave1.78%$545,650,000.00$27,282,500.00
Network Max$45,140,000.00
BSCBNBLista DAO88.95%$1,070,849,518.29$53,542,475.91
Network Max$53,542,475.91
SolanaUSDCKamino94.50%$468,020,000.00$23,401,000.00
SOLKamino5.11%$710,650,000.00$35,532,500.00
Jito10 Staked SOL6.57%$3,064,310,353.00$153,215,517.65
Jupiter11 Staked SOL7%$1,125,058,402.00$56,252,920.10
Marinade12 Staked SOL7.01%$907,032,877.00$45,351,643.85
Network Max$313,753,581.60
Total Max$562,659,448.16

Waterfall Approach​

Flying Tulip follows "waterfall approach" for public sale based on networks, tokens, caps and yield priority from the table above. This approach together with network caps translates to the following sale structure:

  • Ethereum: USDe up to $72m, USDtb up to $5.1m, and USDS up to $4m.
  • Avalanche: AVAX up to $25m, USDC up to $10m, USDT up to $5m.
  • Sonic: S up to $4m, USDC up to $1m
  • Base: USDC up to $17m
  • BSC: BNB up to $55m

Note: If any of the caps are not met then the remainder is filled with USDT, USDC and ETH on Ethereum and/or SOL, USDC on Solana.

FAQ​

How can I apply for the whitelist?
There will be two rounds: supporter whitelist and intent whitelist. The first round has predetermined criteria and no further action can be taken, details on the qualifying criteria will be published. The second simply requires a show of interest and will require registering interest on Flying Tulip site once the form becomes available - it is currently not available.

How many tokens will be available in the public sale after the whitelist round?
The remainder after the early access & whitelist rounds. Minimum 0, maximum 8,000,000,000.

Is there a limit per address?
In the supporter whitelist and intent whitelist rounds, yes; in public round, no.

When will be token launched?
It will already be launched before public sale.

Will token be listed on exchanges?
No exchange listings are planned as our exchange will be the dominant trading venue.

Are there any fees associated with public sale?
Impossible has a 1% fee, Coinlist fee is undisclosed, both whitelist and public rounds have no fees.

Do I need to pay any fees when withdrawing FT from the NFT or depositing NFT into Flying Tulip redemption for my initial capital?
No.

Does public have same terms as private?
Yes, 1 FT = $0.1.

What is longest redemption period for returning/burning FT for investment?
Indefinite.

If I deposit non-stablecoin as investment how is it calculated?
$ value at time of deposit for purposes of issuing FT at ratio of 10 per $1, denomination is simply amount of non-stablecoin for amount of FT for purposes of redemption.

Assuming there is available Aave liquidity and I deposited USDC into the sale on Ethereum, how fast will I get my funds back if redeeming?
Instant.

Can I deposit my FT back into the NFT?
No.

Can I bridge my FT NFT?
We did not plan any bridges, but there is no technical limits to bridges, so while we did not specifically built bridging it is not technically disallowed.

Will there be a secondary market for NFTs?
Yes, we will be launching one same day.

Is there a minimum/maximum investment amount?
For Impossible & Coinlist this is up to their discretion, in our two whitelist rounds yes, there is a maximum, for the public, no.

If I deposit USDC on Ethereum, can I redeem it for USDC on other chains?
No, we do not take any bridge risks, you can only redeem where the issue was contributed.

Do I need to KYC for the public sale?
No.

Footnotes​

  1. Impossible: website ↩

  2. Coinlist: website ↩

  3. Final limits might be lowered. ↩

  4. Data from 06.10.2025 ↩

  5. Aave: website ↩

  6. BenQI: website ↩

  7. Beets: website ↩

  8. Lista DAO: website ↩

  9. Kamino: website ↩

  10. Jito: website ↩

  11. Jupiter: website ↩

  12. Marinade: website ↩