In preparing for public sale starting next week, some Q&A; 1. Why raise $1bn? We aren't. Deposits are capped at $1bn, whatever is raised is deployed into low risk yield (currently 100% into Aave). This allows the depositor to get their full refund at any time. What are we actually raising? The yield, Flying Tulip takes the yield off of those deposits. That's the opportunity cost. What does the depositor get? They get FT, if FT outperforms their deposit, they withdraw FT, if it doesn't, they refund their full investment. 2. How does that set a 10c floor? If a depositor wishes to exit, they can withdraw FT and sell on market for profit if FT > 10c. Or they can refund at 10c. If they instead for some reason decide to withdraw and sell for less than 10c, their refund collateral is unlocked and used to buyback the token to 10c. So while there might be slight timing inconsistencies, the 10c floor is programmatic. 3. How can we see redemptions? They are already happening onchain, you can view via our dashboard; flyingtulip.com/allocation/das...… or onchain via the contracts, registry available here; docs.flyingtulip.com/contract-...… 4. Are there any redemption / refund conditions? None, you control the only access to your investment via the PUT option, you withdraw anytime for any reason, 0 interaction with Flying Tulip required, can do this via the contracts, or via our UI for it; flyingtulip.com/allocation/pos...… 5. When is the product live? As soon as the token is transferable. The token is natively integrated into every touch point, every fee, revenue, yield point is used to buy FT and the FT is distributed to the user. This is normally a bad idea, giving a volatile token for people that expect fixed rewards, however, given our system has the inherent 10c floor, this means we can always distribute to guarantee yield at at least this floor. Meaning floor yield, but additional upside should token perform well. 6. What will be the first products? a) ftUSD (Flying Tulip USD), our native stablecoin & settlement layer (used throughout all future apps). At launch, this is a glorified USDC into Aave wrapper, but as soon as Margin lending has had some time to mature (1-2 weeks from launch), we will allow deposits from ftUSD into Lend, then ftUSD can activate the delta neutral play popularized by Ethena USDe, which will allow it to take any opportunity stETH/ETH, stBNB/BNB, stAVAX/AVAX, stS/S, etc and convert that yield for depositors. Current models show we can do at least 4%-8% yield on USDC/USDT deposits. This also has modules to expand into a full fledged CDP and arbitrage bot, but those are later. b) Margin Lending will go live at the same time, our lending market is not LTV based, but instead margin equity based, it functions as our "cross exchange margin account", you can still use it for standard lending (deposit USDC borrow BTC, etc), but its main purpose is to facilitate leverage efficiently and onchain. We will let this mature a bit, and when happy we will enable spot trading, leveraged spot, and TRS. All are part of the feature set day 1 but won't be enabled day 1, we are also doing a capped and controlled launch. a & b are dependencies for full onchain CLOB/AMM/derivatives/insurance, so once they have hardened in production we will enable those (these are separate to the built in spot trading, leveraged spot, or Total Return Swaps inside of Margin Lending). Roadmap: docs.flyingtulip.com/roadmap 7. Where will the product be available? Our current deployments include Ethereum, Sonic, Binance Smart Chain, Avalanche, and Base. Contracts available in registry; docs.flyingtulip.com/contract-...…. With expansions being reviewed for Hyperliquid, MegaETH, and Monad. Ask any Flying Tulip related questions below you might still have and we will release more structured answers.