sFLP

The second type of liquidity providing token on Flash is sFLP.

Unlike FLP, sFLP does not auto-compound and all trading fees are made redeemable to holders every hour. sFLP rewards are subject to Beast Yield Boosts and also earns Voltage Points for Beasts.

Only Staked sFLP will accrue fees.

There are 3 states for sFLP: Unstaked sFLP, Pending Stake sFLP, and Staked sFLP.

• Unstaked sFLP: This is the sFLP token a user receives upon minting or purchasing sFLP tokens. It does not earn fees and must be staked to earn fees generated from trading activities on Flash. This token is tradable just like any other SPL token on Solana

• Pending Stake sFLP: This is the sFLP token that is waiting to be staked and begin earning fees. This process is initiated from the moment a user approves the "Stake" transaction on their wallet involving the sFLP they currently hold. This will lock the sFLP tokens into the exchange until the user unstakes from the exchange. Every 24 hours the protocol will take all Pending Stake sFLP and turn it into Staked sFLP automatically (the frequency will be increased in a gradual a manner)

• Staked sFLP: This will be denoted as "Active Staked" on the UI. Staked sFLP will accrue fees from trading activities on Flash. The fee accrued will be claimable every 24 hours.

Unstaking FLP

When unstaking sFLP tokens all USDC fees will be claimed and unstaked sFLP will be sent to your wallet.