Flying Tulip operates as an on-chain financial framework that unifies pricing, credit, and risk management across a range of offerings. These include spot trading via AMM and CLOB models, lending services, perpetual futures, insurance, and a settlement mechanism known as ftUSD. The core objective is to enable the same collateral unit to serve multiple purposes, derive risk prices from actual executable liquidity instead of relying on static tables or lagging oracles, and direct system cashflows back to the token through clear, automated processes.