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.

Yield Booster - Gives you higher share of yield from any staked FLP.

Spot LO Discounts - Fee Discounts on any limit orders on spot markets. (coming soon)

DCA Discounts - Fee Discounts on any DCA type orders on spot market. (coming soon)

Note: Yield Booster mentioned is additional percentage on the base yield distribution between the user and protocol fees. eg: If the yield distribution for a pool is 70% to user and 30% to protocol then the at Level 6 it will be 85% to user and 15% to protocol.

Governance

We’re embracing Futarchy, a governance model that uses prediction markets to guide decisions. All governance of flash will be powered using METADAO.

(more info to be added)