> For the complete documentation index, see [llms.txt](https://docs.flash.trade/flash-trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.flash.trade/flash-trade/flash-trade-protocol/faf-token/faftarchy-governance/voting-on-proposals.md).

# Voting on Proposals

### How It Works

#### Two Conditional Markets

Every proposal creates two separate markets:

{% columns %}
{% column %}
**PASS Market** - Trade here if you think the proposal will benefit Flash Trade
{% endcolumn %}

{% column %}
**FAIL Market** - Trade here if you think the proposal will hurt Flash Trade
{% endcolumn %}
{% endcolumns %}

These work like conditional limit orders - whichever side gets approved executes on-chain.

***

{% hint style="success" %}

#### Getting Started

You'll need either **FAF** or **USDC** tokens to participate:

* Get them on our [swap page](https://flash.trade/swap)
* Or un-stake FAF with zero fees during the proposal period on the [token page](https://www.flash.trade/token)
  {% endhint %}

***

#### Trading Strategies

<div data-with-frame="true"><figure><img src="https://1107078469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fwjn1OLuTIq3M0RkTUTyw%2Fuploads%2FBV3BdV9zsIRd2Qiaf7rN%2FFutarhcy-Infographic.png?alt=media&#x26;token=5d53de3f-3da8-407f-b509-188556c40f29" alt="" width="563"><figcaption></figcaption></figure></div>

***

#### Understanding Outcomes

The beauty of Futarchy is in the conditional execution:

{% stepper %}
{% step %}
**Your trade only happens if your predicted outcome occurs**
{% endstep %}

{% step %}
**Wrong predictions get refunded** - you don't lose your principal
{% endstep %}

{% step %}
**Right predictions execute at market prices.**
{% endstep %}
{% endstepper %}

{% hint style="warning" %}

### Reminder:

* Markets determine the outcome based on Time-Weighted Average Price (TWAP)
* Higher market price = stronger signal for that outcome
* Community discussion happens in our Flash Labs [Discord](https://discord.gg/flashtrade) channel.
  * More details about participating here.
    {% endhint %}

{% hint style="danger" %}

#### Risk Disclaimer

This guide is educational only. Trading involves risk, and you should always do your own research. Nothing here constitutes financial advice.
{% endhint %}

***

> ***Ready to participate? Head to*** [***MetaDAO***](https://metadao.fi) ***to trade on active proposals and help decide Flash Trade's future.***


---

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