> 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/reward-utility-and-governance.md). # Reward, Utility & Governance Staking FAF unlocks rewards and utility on the platform. ### Rewards These rewards are the $FAF that you earn by staking your $FAF. The rewards come from the 9.6% of $FAF supply that is reserved for first year rewards. These rewards are distributed between the $FAF stakers at the end of each epoch using a combination of time weighted stake and a custom multiplier based on Voltage Points accrued. *** ### Utility The utility of $FAF on the platform depends on your VIP Level which is maintained by staking $FAF. The higher the amount of $FAF you have staked the higher will be your VIP level leading to higher utility and perks. These include: **Fee Discounts -** Gives you discount on the base fee on trading perpetuals.\* **Referral Rebates -** Gives you higher percentage of rebates from your referrals. **Rev Share** - Give 50% of the protocol revenue to FAF token stakers. **Spot LO Discounts - F**ee Discounts on any limit orders on spot markets. (coming soon) **DCA Discounts -** Fee Discounts on any DCA type orders on spot market. (coming soon)
{% hint style="danger" %} NOTE: Yield Booster mentioned above has been removed with the recent Futarchy governance proposal that passed. Yield Booster has now been converted to Rev Share for FAF stakers. {% endhint %} > **\*Fee discounts are limited to 50 trading interactions within a 24-hour rolling period. This includes opening/closing positions, take profit/stop loss orders, and limit orders. The system tracks your first discounted trade and monitors all subsequent interactions. Once you exceed 50 interactions within any 24-hour period, all fee discounts are forfeited until the next rolling 24-hour period resets.** *** ### Governance We’re embracing Futarchy, a governance model that uses prediction markets to guide decisions. Learn more [here](/flash-trade/flash-trade-protocol/faf-token/faftarchy-governance.md). --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.flash.trade/flash-trade/flash-trade-protocol/faf-token/reward-utility-and-governance.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.