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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 assets while earning yield from perpetual trading activity. Ready to provide liquidity? The Mint or Burn guide walks through it step by step.

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 into the Crypto Pool receives exposure to the full pool composition: roughly 23.5% JitoSOL, 3% SOL, 22.5% BTC, 3% ETH, 3% ZEC, and 45% USDC (when at target ratios).

Token Pool Compositions

TOKEN
Target ratio
Min ratio
Max ratio

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%

TOKEN
Target ratio
Min ratio
Max ratio

USDC

75%

0.10%

100%

XAUt

25%

0.01%

100%

TOKEN
Target ratio
Min ratio
Max ratio

USDC

30%

10%

80%

HYPE

15%

10%

30%

JUP

25%

15%

40%

JTO

25%

15%

40%

RAY

5%

3%

20%

TOKEN
Target ratio
Min ratio
Max ratio

PUMP

30%

0.01%

100%

BONK

20%

0.01%

100%

PENGU

20%

0.01%

100%

USDC

30%

0.01%

100%

TOKEN
Token Ratio
Min Ratio
Max Ratio

WIF

70%

1%

100%

USDC

30%

1%

100%

TOKEN
Token Ratio
Min Ratio
Max Ratio

FARTCOIN

70%

1%

100%

USDC

30%

1%

100%

TOKEN
Token Ratio
Min Ratio
Max Ratio

ORE

70%

1%

100%

USDC

30%

1%

100%

TOKEN
Token Ratio
Min Ratio
Max Ratio

SPYx

50%

10%

95%

USDC

50%

10%

95%

Composition vs tradeable markets

A pool's composition (above) is what LPs deposit and own. The markets you can trade against a pool can be broader — synthetic markets (forex, commodities, equities) settle against the pool without being part of its composition.

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 (convertible to FLP any time)

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 (Up to 90% 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

USDC Special Fee Structure

  • Adding/Minting liquidity using USDC, fees are zero.

  • Removing/Burning liquidity for USDC is a fixed 15 bps.

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