Help me understand how the thyroid secretes
That "red pulp" spaces you're referring are not blood vessels but, in fact, thyroid follicles that selectively absorb iodine from the blood for production of thyroid hormones and storage of thyroglobuline. So, they act as a reservoir of the materials used by the thyroid's epithelial cells, also called follicular cells, to produce thyroid hormones (T3 and T4).