Be excellent to each other. 👉Join the chat: https://xitter.cf/t.co/DP2lltKh1z.
The Lodge
Joined August 2019
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If you aren't holding your entire networth, your kids college savings, taking out a life insurance policy on your wife and parents, donating plasma every single day and literally selling your kidneys to buy crypto then you are probably going to feel some savage FOMO in 2027
The Crypto Lodge retweeted
What is $FT? Its the native token of @flyingtulip_, integrated across the entire product suite, with the token model designed to convert all value generated by the platform into direct demand for the token.
1) Capital from invalidated PUT Options is used for buybacks at NAV, and burns. So far, over 12,185,612.71 $FT has so far been bought from the market and burned, at a market price of about $1.4m.
2) All revenue and fees generated across Flying Tulip products are used for buybacks at spot price from the secondary market.
As Flying Tulip products become fully deployed and integrated, secondary-market FT pricing should increasingly reflect the protocol’s underlying cashflows, buyback demand, and supply reduction mechanisms.
In addition, once protocol revenue is sufficient to sustain team operations and reaches $3,500 per day, Flying Tulip plans to burn all unallocated and divested supply. This currently represents more than 93% of total supply, or 9,333,329,982 FT.
The Crypto Lodge retweeted
In just 40 days Flying Tulip (@flyingtulip_) launched a brand new on-chain PUT execution and AUM management system, an on-chain stablecoin liquidity fund, and just launched a new margin lending primitive.
All while raising only ~$500k from PUTs so far.
🧵1/6
The Crypto Lodge retweeted
Revenue and fees (and eventually yield) generated from @flyingtulip_ ftUSD, Margin Lending, Spot, Futures, and Insurance are converted into demand for $FT via buybacks on the open market, and a large share of those buys are burned, reducing supply and increasing holder value.
Once products launch and the flywheel starts there is no stopping it, since there is no sell pressure from token inflation or insiders selling tokens they got for free.
The Crypto Lodge retweeted
Participants in a crypto market dominated by meme coins and low-float / high-FDV tokens (where VCs and teams control the float) have learned one rule over the past few years: SELL EARLY.
You flip quickly because if the price is not moving, you risk being the one left holding the bag while insiders exit.
This is why Flying Tulip is different.
Its raise mechanism reverses the relationship and places investors first: every participant holds a Perpetual PUT, meaning they can always exit with the exact capital they put in.
➖NO team tokens, NO bonus tokens
➖SAME terms for every round (even seed)
Every PUT in existence was purchased and funded by investors themselves.
For the @flyingtulip_ team to benefit, they MUST ship products that generate real revenue.
Fees and yield from ftUSD, Margin Lending, Spot, Futures, and Insurance then create demand for $FT through open-market buybacks, with a large portion burned to reduce supply.
Team and holders are 100% aligned: the only way to win is to win together.
Okay, I''ll bite.
Flying Tulip just raised $200m and guarantees redemption rights for all investors. HOW?
@flyingtulip_
The bill that will save crypto.
thehill.com/policy/technolog…
The Crypto Lodge retweeted
Why is Flying Tulip raising ONE BILLION AMERICAN DOLLARS? @flyingtulip_ has a very different raise and funding mechanism.
All investors can divest their $FT, and get back exactly what they contributed. There is no deadline, and this option is always available.
All funds raised are deployed to conservative, liquid strategies. The carry is used to fund team operation, as well as buyback and burn $FT.
if a man could be two places at one time I'd be on this call. today and tomorrow.
but this call is tomorrow, January 14, 11:30 am EST
MOST IMPORTANT CALL IN THE HISTORY OF $RSR
VIDEO CALL (COLOR) WITH STEREO SOUND
Reserve community call Thursday Jan 15th 9:30am-11:00am Pacific. Come hear about and discuss our operating plan for 2026.
Video call will happen on Roam: ro.am/r/#/d/GLdK3uiZSpOB4mRk…
See in your timezone and add to your cal: dateful.com/eventlink/203856…
Achieve exponential growth in DTFs... massive platform fees generate massive $RSR buying and burning.. This will be a wartime year.
Good morning, happy new year.
The Reserve project is going to operate pretty differently in 2026.
In my view, no Reserve DTF has yet shown strong signs of truly organic product-market fit. This has to change.
It's obvious that funds will operate onchain eventually – everything financial is in the midst of being tokenized, so why wouldn't they? The question is when and how the transition will happen.
The near-term question for the Reserve project is: will we lead the way, figuring out which types of onchain funds will get big first, so we can build those on the Reserve platform? Or will we let the opportunity to lead slip by?
It’s critical that we capitalize on the opportunity because our strategy for building asset-backed currency is to be the leading platform for DTFs.
We've built a solid foundation – the Reserve Yield and Index protocols, which have brought many millions in value to RSR holders and have held hundreds of millions in value with no exploits.
If we've attracted hundreds of millions in assets, why do I say there are no signs of product-market fit on Reserve DTFs? Because of the incentive payments that have driven Reserve DTF usage so far.
As we've discussed here and there in the past, some incentives have been onchain (see app.reserve.org/earn/defi) and some offchain. I'd like us to calculate the total combined cost of incentives for each Reserve DTF so we can compare that to its revenue from fees. I suspect nearly all are running the decentralized equivalent of negative gross margins, i.e. operating at a loss. Gathering and displaying these data will take some effort, but will pay off in how it helps us focus.
This year, we need to launch DTFs that asset allocators want to hold without any external incentive, so they reach positive gross margins (i.e. fees exceed costs) and grow organically and sustainably.
This will be my personal top priority, and I will do everything in my power to make it happen. I will also steer every part of the Reserve ecosystem in this direction as much as I can.
If and when we reach this point, the dynamics will really change. If we achieve exponential growth in DTFs that bring more value to RSR holders than they cost, that can start a positive economic engine that's based on fundamentals, not speculative demand.
When we look at the terrible RSR chart, we worry about what others will think of it. But you have to remember: a protocol that buys and burns RSR doesn't care about the chart. If massive platform fees generate massive RSR buying and burning, that's a direct input to the system that isn't subject to any narrative forces – it is a creator of narrative forces.
To make this happen, we must adopt a shrewd approach to new DTF design, treating each one as its own startup and making sure:
- it solves a real problem for a specific class of asset allocators
- it is branded in a way that conveys its value and has the right vibe
- it’s marketed through a channel that connects with the target allocator
- it’s available for purchase on at least one platform the target allocator is comfortable using
You may think: wasn't that the plan already? Yes and no, there are a lot of important nuances here.
I'll be sharing the details of how I plan to make this happen on a community call next Thursday January 15th at 9:30am Pacific. See the link in the next post, below. If you can’t make it, the video will be shared and likely chopped up for you to see the whole thing or a few highlights.
This will be a wartime year. We have much to do. If you are part of the DRF or otherwise highly engaged in Reserve, please try to make it to the call so we can get in sync.
$RSR holders are uncrushable.
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