Flying Tulip is an on‑chain financial system that standardizes pricing, credit, and risk across a suite of products, spot trading, lending, perpetual futures, insurance, and a settlement rail. Flying Tulip PUT Option is a unique investment mechanism that allows for a 100% refund at any time, no lockup, no fee, fully liquid in kind redemption via permissionless smart contract interaction, all while maintaining exposure to the sale tokens unlimited upside with full downside protection.