Flying Tulip

Flying Tulip is an on‑chain financial system that standardizes pricing, credit, and risk across a suite of products, spot trading (AMM + CLOB), lending, perpetual futures, insurance, and a settlement rail (ftUSD). The design goal is straightforward: reuse the same unit of collateral across multiple functions, price risk from real executable liquidity rather than static tables or delayed oracles, and route system cashflows back to the token in a transparent, programmatic way. “Better Yield” means capital efficiency, the same deposit can earn base yield while also securing lending, resting CLOB orders, or perp margin, plus a token‑first model that converts protocol revenues into buybacks (and, where specified, user distributions). “Better UX” means the mechanics are encoded in contracts and unified across products: the same depth‑aware prices feed trading, LTVs, funding, and liquidations; the same guardrails and change‑management apply everywhere.