How to Mint or Burn FLP/sFLP

Step-by-Step Instructions

Mint FLP/sFLP

1

Navigate to the Pool

1. Go to Flash.Trade and click the "Earn" tab

2. Choose one of two ways to access the pool:

Option A: From Active Positions (if you already have positions)

• Look for "Your Active Positions" (desktop) or "Liquidity Summary" (mobile)

• Click on your desired pool

Option B: From Pool Cards

• Scroll to "Flash Liquidity Pools" section

• Hover over your desired pool card (desktop) or tap dropdown (mobile)

• Click "Discover More"

2

Choose Your Token Type

You'll see two tabs at the top:

• FLP.1 (Left tab) - Auto-compounding liquidity token

• sFLP.1 (Right tab) - Staked liquidity token (rewards in USDC)

Click the tab for your preferred token type.

3

Access the Mint Section

• Look for the "Mint FLP" or "Mint sFLP" section on the right side of the page

• This section shows your current balance and minting options

4

Select Your Asset

1. Click the asset dropdown (defaults to USDC)

2. Choose from available assets: USDC, SOL, BTC, ETH, or JitoSOL

5

Enter Amount

1. Enter the amount you want to deposit in the input field

2. Use the percentage buttons (25%, 50%, 75%, 100%) for quick selection

3. Review the estimated tokens you'll receive

4. Check the current fees displayed

6

Execute the Mint

1. Click "Mint FLP" or "Mint sFLP" button

2. Review the transaction details in your wallet

3. Confirm the transaction

4. Wait for blockchain confirmation

Burn FLP/sFLP

1

Navigate to Your Position

1. Go to the "Earn" tab

2. Access your pool using either method described above

2

Select the Correct Tab

• Click "FLP.1" tab to burn FLP tokens

• Click "sFLP.1" tab to burn sFLP tokens

3

Access the Burn Section

• Look for "Burn FLP" or "Burn sFLP" section on the right side

• This shows your current token balance

4

Choose Receiving Asset

1. Click the asset dropdown to select what asset you want to receive

2. Choose from available options: USDC, SOL, BTC, ETH, or JitoSOL

5

Enter Burn Amount

1. Enter the amount of FLP/sFLP tokens you want to burn

2. Use percentage buttons for quick selection

3. Review the estimated assets you'll receive

4. Check the burn fees (includes 0.05% penalty fee)

6

Execute the Burn

1. Click "Burn FLP" or "Burn sFLP" button

2. Review transaction details in your wallet

3. Confirm the transaction

4. Wait for blockchain confirmation

Important Limitations & Troubleshooting

Pool Utilization Cap

• There is a cap on utilization through trading of any pool at 90%

• Withdrawing/burning FLP is possible under most conditions

• If utilization reaches 100% from withdrawals and max utilization by traders, burning FLP to receive the desired token will not be possible until utilization drops below 100%

Token Ratio Restrictions

Minting Issues:

• If a token is at its Ratio Max, FLP will not be mintable using that token

• Solution: Try minting using another token present in FLP (e.g., if SOL is at ratio max, try ETH, BTC, or USDC)

Burning Issues:

• If a token is at its Ratio Min, FLP will not be burnable for that token

• Solution: Try burning to receive another token as the receiving asset (e.g., if SOL is at ratio min, try ETH, BTC, or USDC)

Collecting sFLP Rewards

Collecting sFLP USDC Rewards

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Techincal Breakdown & Formulas

Fee Structure

Minting FLP Fee

A dynamic fee that depends on the balance of assets in FLP after the liquidity is added.

Formula:

$$MintFee_{total} = LP_{addVariable}+LP_{addBase}$$

Burning FLP Fee

A dynamic fee that depends on the balance of assets in FLP after the liquidity is removed. An additional 5bps (0.05%) penalty fee is also added to discourage frequent withdrawals.

Formula:

$$BurnFee_{total}=LP_{removeVariable}+LP_{removeBase}+LP_{penaltyFee}$$

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Technical Fee Calculation Details

The components of fees are calculated using the following formulas:

For Adding Liquidity:

$$LP_{addVariable}=M(Ratio)+b \\ M = \frac{Fee_{target}-Fee_{min}}{Ratio_{target}-Ratio_{min}} \\ b=Fee_{min}-M(Ratio_{min})$$

For Removing Liquidity:

$$LP_{removeVariable}=M(Ratio)+b \\ M = \frac{Fee_{target}-Fee_{max}}{Ratio_{target}-Ratio_{min}} \\ b=Fee_{max}-M(Ratio_{min})$$

Token	Fee Target	Fee Max	Base Fee
Pool 1 Tokens	0.0010	0.0025	.0005
Pool 3/4/5 Tokens	.0015	.00375	.00075
USDC (Pool 1)	.0010	.00025	.0005

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Pool Token Ratios

FLP.1

TOKEN	Target ratio	Min ratio	Max ratio
BTC	22.5%	10%	30%
ETH	5%	6%	20%
SOL	27.5%	20%	40%
USDC	45%	35%	55%

FLP.3

TOKEN	Target ratio	Min ratio	Max ratio
JUP	20%	10%	40%
JTO	15%	10%	20%
RAY	5%	2%	12%
KMNO	15%	5%	20%
PYTH	2%	1%	10%
W	3%	1%	10%
USDC	40%	30%	50%

FLP.4/5

TOKEN	Target ratio	Min ratio	Max ratio
BTC	70%	1%	100%
USDC	30%	1%	100%

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