Collateral Specification
On Flash.Trade the collateral for the trade will depend on whether a user would like to long or short an asset.
Asset Backed Collateral Guide
When you go "long" on something, you're betting its value will increase. Here's what you can use as collateral for different assets:
Major Cryptocurrencies
Crypto Pool (FLP.1/sFLP.1)
SOL, BTC, ETH: You can use USDC, SOL, BTC, ETH, or JitoSOL
Example: If you use BTC to long SOL, your BTC is automatically swapped to SOL first, then that SOL is used with your chosen leverage
Commodities
Stable Pool (FLP.2/sFLP.2)
XAU (Gold), XAG (Silver): Can ONLY use USDC
Forex
Stable Pool (FLP.2/sFLP.2)
Euro, GBP, AUD: Can ONLY use USDC
Solana Tokens
Solana Defi (FLP.3/sFLP.3)
JUP, PYTH, JTO, W, RAY, KMNO: You can use USDC or any coin from this group
Example: If you use RAY to long JUP, your RAY is swapped to JUP first, then used with leverage
Meme Coins
Meme Pool (FLP.4/sFLP4)
BONK, PENGU: You can use USDC, BONK, or PENGU
WIF Pool (FLP.5/sFLP.5)
WIF: You can use USDC or WIF
Samo Pool (FLP.6/sFLP.6)
SAMO: You can use USDC or SAMO
Fart Pool (FLP.7/sFLP.7)
Fartcoin: You can use USDC or Fartcoin
Example: Using PENGU to long BONK means your PENGU is swapped to BONK first
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