Flying Tulip is a decentralized finance protocol that issues a delta‑neutral stablecoin (ftUSD) with built‑in yield and provides on‑chain lending, trading, and perpetual contracts. The platform features a fixed‑supply token model, perpetual put options for downside protection, automated buybacks funded by protocol revenue, slippage‑aware loan‑to‑value ratios, and a hybrid AMM‑CLOB exchange that eliminates oracle reliance. It aims to improve capital efficiency, market access, and user experience for investors and traders across multiple blockchains.