# FAF: An Ownership Token FAF gives you 50% of protocol revenue, direct control over the treasury, and legal ownership rights. This is what we call an ownership token. FAF is a certified ownership token under the [MetaDAO standard](https://docs.metadao.fi/) — the framework on Solana for creating tokens with enforceable economic rights, market-based governance, and legal IP ownership. This is not a self-declared label. It means FAF meets the full set of checks and balances required for genuine token-holder ownership. ### Why We Built FAF This Way Most DeFi tokens are broken. Revenue flows to a "Labs" entity, teams control treasuries via unaccountable multisigs, and token holders bear all the risk while capturing none of the upside. We rejected that model from the start: * **No VC allocation** — 80% of FAF went directly to the community * **No team dumps** — Compensation is determined by governance, not predetermined allocations * **No Labs extraction** — Protocol revenue goes to stakers, not a separate company * **Bootstrapped from day one** — Flash Trade was built over 15 months without venture funding, seeded by community-funded NFT liquidity Every ownership token is bootstrapped. The revenue sharing, the community distribution, the futarchy governance — these aren't separate features. They are what ownership means. ### What Ownership Tokens Solve Traditional DAO tokens create a structural rift. An offchain entity (foundation, Labs company) holds the IP, controls the treasury, and captures revenue. The token exists separately — you can vote, but you have no claim on the economics, no legal rights, and no protection if the team extracts value. Ownership tokens close this gap by placing assets, IP, treasury, and governance under a single framework where token holders exercise real control and receive real economic returns. The MetaDAO ownership token standard provides the legal and governance architecture: * An **LLC owns all protocol assets** and legally recognizes only onchain governance as its decision-making authority * **Futarchy governance** makes all binding decisions through market-based pricing, not token-weighted voting * **Members are legally obligated** to implement onchain decisions, bridging code and law The result: the community controls the futarchy mechanism → the futarchy mechanism controls the LLC → the LLC owns all assets. Token holders effectively control the balance sheet and strategic direction. → [MetaDAO Documentation](https://docs.metadao.fi/) ### What You Own as a FAF Holder #### 50% of Protocol Revenue Every 6 hours, half of all Flash Trade trading fees are distributed to FAF stakers in USDC. This isn't a future promise — it's live now and enforced through governance. → [Revenue Sharing](https://docs.flash.trade/flash-trade/flash-trade-protocol/faf-token/revenue-sharing) #### Treasury Control Flash Trade's treasury is market-governed through FAFtarchy. The team operates on a configured monthly budget. Any spending above that requires a governance proposal where the market decides if it benefits FAF holders. If the market determines a proposal harms token value, it gets rejected automatically — no team override. #### Protocol Ownership Flash Trade's intellectual property — domains, social accounts, code, brand — belongs to the DAO through a legally structured LLC, not a separate company. Token holders have real legal standing, not just vibes. ### How Flash Trade Protects You #### FAFtarchy Governance We use futarchy-based governance where decisions are made through prediction markets, not popularity votes. For each proposal: 1. Two markets open: "FAF price if this passes" vs "FAF price if this fails" 2. Traders stake real capital on their conviction 3. The side with higher time-weighted average price wins 4. Execution is automatic This means informed participants have more influence than whale voters, and proposals that would harm FAF get rejected by the market itself. → [FAFtarchy Governance](https://docs.flash.trade/flash-trade/flash-trade-protocol/faf-token/faftarchy-governance) #### The FutarchyAMM FAF's primary market is the [MetaDAO FutarchyAMM](https://solscan.io/account/Gxvt2wKNiDZcnEK8GQ6Cyb8x1Kvm4nm2kT2itDmYdEFa) — a FAF/USDC pair that serves a dual purpose. As a **trading venue**, it handles the majority of FAF volume. As a **governance mechanism**, it integrates directly with conditional prediction markets — when a proposal goes live, liquidity from the pair automatically seeds the PASS and FAIL markets. Trading and governance happen in the same place, with the same liquidity. #### No Hidden Inflation FAF has no automatic emissions or scheduled team unlocks outside of governance. The mint authority is controlled by FAFtarchy — not a human operator. Any supply changes require passing a market proposal. #### Performance-Aligned Team The core team has no predetermined token allocation. Compensation is determined through FAFtarchy governance based on performance and protocol needs. No backdoor OTC deals, no hidden insider payouts. ### FAF Staking Benefits | Benefit | Details | | ---------------- | ---------------------------------------------------- | | Revenue Share | 50% of protocol fees, paid in USDC every 6 hours | | Staking Rewards | Share of 96M FAF (9.6% of supply) first-year rewards | | Fee Discounts | Up to 12% off trading fees based on VIP level | | Referral Rebates | Higher rebate percentages at higher VIP tiers | | Governance Power | Participate in FAFtarchy proposals | → [Reward, Utility & Governance](https://docs.flash.trade/flash-trade/flash-trade-protocol/faf-token/reward-utility-and-governance) ### Get Started Stake your FAF to start earning: → [How to Stake & Unstake FAF](https://docs.flash.trade/flash-trade/getting-started/how-to-stake-and-unstake-faf) → [How to Claim Your Revenue Share](https://docs.flash.trade/flash-trade/getting-started/how-to-stake-and-unstake-faf/how-to-claim-your-revenue-share) Participate in governance: → [Flash Labs on Discord](https://discord.gg/flashtrade) → [MetaDAO — Flash Trade Proposals](https://www.metadao.fi/projects/flash-trade)