# Voting on Proposals

## How It Works

### Two Conditional Markets

Every proposal creates two separate markets:

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**PASS Market** - Trade here if you think the proposal will benefit Flash Trade
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**FAIL Market** - Trade here if you think the proposal will hurt Flash Trade
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These work like conditional limit orders - whichever side gets approved executes on-chain.

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### Getting Started

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

* Get them on our [swap page](https://flashtrade.com/swap)
* Or un-stake FAF with zero fees during the proposal period on the [token page](https://www.flash.trade/token)
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### Trading Strategies

<figure><img src="https://1107078469-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fwjn1OLuTIq3M0RkTUTyw%2Fuploads%2Fo5ttzMJJ0BgFWNIkfReK%2FFUTARCHY%20MARKETS%201.png?alt=media&#x26;token=dc8c31e6-aa5b-4e56-aa46-22bcb1a4561e" alt=""><figcaption></figcaption></figure>

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### Understanding Outcomes

The beauty of Futarchy is in the conditional execution:

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**Your trade only happens if your predicted outcome occurs**
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**Wrong predictions get refunded** - you don't lose your principal
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**Right predictions execute at market prices.**
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## 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](https://docs.flash.trade/flash-trade/flash-trade-protocol/faf-token/faftarchy-governance/flash-labs).
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### Risk Disclaimer

This guide is educational only. Trading involves risk, and you should always do your own research. Nothing here constitutes financial advice.
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> ***Ready to participate? Head to*** [***MetaDAO***](https://metadao.fi) ***to trade on active proposals and help decide Flash Trade's future.***