Andre Cronje’s Flying Tulip Gears Up for Public Sale
Despite challenging market conditions in the DeFi space, Andre Cronje is set to launch the public sale of Flying Tulip next week. The prediction markets suggest a balanced outlook for the platform with a 50-50 chance of achieving a $400 million fully diluted valuation. This move indicates optimism in the ongoing development of DeFi applications despite recent headwinds.
The DeFi super application space is facing headwinds following the Infinex token generation event (TGE) in January, but despite the adverse market conditions, Yearn Finance founder Andre Cronje is launching Flying Tulip’s (FT) public sale next week.Flying Tulip confirmed the sale date on Saturday, and prediction markets are giving the platform a 50-50 chance of trading above a $400 million fully diluted valuation (FDV), albeit on low volumes.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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