Crypto Asset-Backed Pools

Asset-Backed Trading

Asset-Backed Perpetual Swaps are derivatives where positions are backed by the underlying asset they represent. Traders can borrow the price exposure of the asset from the pool and the availability of the assets in the pool guarantees the settlement is possible of the Perpetual Swap contract at any given time.

Due to this nature of asset backing, the Trader can always be assured of settlement when they desire to close the position and the PnL will always be guaranteed from the underlying assets backing the Perpetual Swaps. This also reduces the need for a large insurance fund as there is always a guarantee of liquidity for settling a Trader's position from the pool.

Long positions are collateralized in the pool's matching asset and short positions in stablecoins — the order panel shows exactly which asset backs your position before you confirm (for example, SOL longs are collateralized in JitoSOL). Collateral is drawn from your Flash account balance when you open a position.

The current pools

Pool name	Autocompounding token (FLP)	Staked token (sFLP)
Crypto Pool	FLP.1	sFLP.1
Gold Pool	FLP.2	sFLP.2
Defi Pool	FLP.3	sFLP.3
Meme Pool	FLP.4	sFLP.4
WIF Pool	FLP.5	sFLP.5
FART Pool	FLP.7	sFLP.7
Ore Pool	FLP.8	sFLP.8
Equity Pool	FLP.x	sFLP.x

For full mint addresses see sFLP & FLP Mints; for target compositions see FLP Tokens.

Pool lifecycle

Pools can be opened, closed to new deposits, and wound down over time. The Earn page shows each pool's state on its card — for example, a pool being retired displays a Pool Closing badge and its deposit button reads Deposits Closed.

Gold Pool trades on market hours

The Gold Pool (FLP.2) backs synthetic markets — gold, silver, forex, commodities — that follow traditional market hours (its card shows a 24/5 Markets badge). Two rules follow:

• Positions on those markets can only be opened or closed while the market is open.

• Minting or burning FLP.2 is also unavailable while its markets are closed.

Profits on synthetic markets are capped per market — see Max Profit.