FLP Tokens
FLP tokens are index-style tokens that represent ownership shares in Flash Trade's multi-asset liquidity pools. Each FLP token tracks a diversified basket of crypto assets while earning yield from perpetual trading activity.
What FLP Tokens Represent
When you hold FLP tokens, you own a proportional share of the entire pool's assets, not the specific tokens you deposited. A user depositing BTC receives exposure to the full pool composition: roughly 24.50% JitoSOL, 3% SOL, 22.50% BTC, 5% ETH, and 45% USDC (when at target ratios).
Token Pool Compositions
JitoSOL
23.50%
14%
45%
BTC
22.50%
15%
40%
USDC
45%
15%
55%
SOL
3%
0.10%
45%
ETH
3%
1%
12%
ZEC
3%
1%
12%
USDC
100%
0.10%
100%
JUP
20%
10%
40%
JTO
20%
10%
40%
USDC
30%
10%
80%
RAY
10%
5%
40%
KMNO
8%
2%
20%
2Z
5%
2%
20%
MET
5%
2%
20%
PYTH
2%
0.10%
10%
PUMP
30%
0.01%
100%
BONK
20%
0.01%
100%
PENGU
20%
0.01%
100%
USDC
30%
0.01%
100%
WIF
70%
1%
100%
USDC
30%
1%
100%
Pool is Deprecated
SAMO
70%
1%
100%
USDC
30%
1%
100%
FARTCOIN
70%
1%
100%
USDC
30%
1%
100%
Note:
The revenue generated by the liquidity pools will be given out separately to LPs in USDC and the price of FLP token would only reflect the price of the underlying assets only, hence FLP LPs returns will, in the long run, be similar to an index token that generates passive yield.
Asset Exposure:
FLP tokens automatically rebalance your exposure across the target ratios. Pool composition shifts dynamically based on deposits, withdrawals, and price movements of underlying assets.
Index Behavior:
Like traditional index funds, FLP tokens provide diversified exposure to multiple assets through a single token, removing the need to manage individual asset allocations.
Net Asset Value (NAV):
Token prices reflect the current market value of underlying assets plus accumulated trading profits, minus any losses paid to profitable traders.
Flash offers two token variants with different reward mechanisms:
FLP: Auto-compounds all earnings into token price every hour
sFLP: Requires manual claiming of USDC rewards every hour
Both represent identical pool ownership but handle rewards differently.
90% Maximum Utilization:
Ensures liquidity remains available for withdrawals
Automatic Rebalancing:
Pool composition adjusts as positions close and new liquidity enters
FLP tokens capture value from:
All perpetual trading fees (70% share to LPs)
Margin fees from leveraged positions
Trader losses to the pool
Liquidation penalties
Contract Address
For contract addresses and mint information, see sFLP & FLP Mints.
Key Characteristics
Counterparty Exposure: Token holders serve as counterparty to all trader positions
Market Correlation: Returns follow underlying crypto asset performance
Fee Sensitivity: Dynamic minting/burning fees based on pool balance
Yield Generation: Passive income from Flash Trade's trading ecosystem
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