> 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-v1-deprecated/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)

> <sup><sub>**\*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.**<sub></sup>

***

### 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).


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