There's a defined risk version of the Futures Paycheck System for traders who are risk averse (want to take less risk), who have a smaller account (works with $4,000 instead of $8,000 minimum allocation), or people who want to use this income system on their retirement IRA account (since those accounts don't always allow selling naked options).
If the Futures Paycheck System detects that you are using an IRA account, then it will enable the risk defined version when you are setting it up for the first time. However, by default, this setting is disabled so that you run the default version.
The Futures Paycheck Defined Risk version takes the typical short put and turns it into a put credit spread with very wide wings so that it mimics the returns and behavior of a short put. Enabling the defined risk toggle will add a 2 delta long put to your trade to convert it into a put credit spread. You can easily change this in the system settings by switching the toggle and pressing save.