What the $FAF?

FAF is the ownership token of Flash.Trade — a decentralised perpetuals exchange on Solana. Holding and staking FAF makes you a real part-owner of the protocol: you earn 50% of all trading fees in USDC, vote on how the protocol is run, and unlock trading benefits the more you stake. 80% of the supply went directly to the community — no VC allocation, no team dump.

50% of all Flash.Trade trading fees are distributed to FAF stakers every 6 hours — paid in USDC, not more tokens. Your share is proportional to how much FAF you have staked. This isn't a future promise: it's been live since June 2025 and was the first decision passed through FAFtarchy governance.

On top of USDC revenue, stakers earn FAF token rewards from a 96M FAF pool (9.6% of supply) reserved for year-one rewards. Rewards are distributed at the end of each 30-day epoch, with a multiplier based on your Voltage Points activity on the platform.

The more FAF you stake, the higher your VIP level. Higher levels unlock bigger fee discounts (up to 12% off), better referral rebates, and other platform perks. Benefits scale with your stake — the more you hold, the more you save as a trader.

FAF holders govern the protocol through FAFtarchy — a futarchy-based system where decisions are made via prediction markets rather than simple token votes. Every binding protocol decision goes through this system, including treasury spending, team compensation, and new features.

Any protocol change — a new feature, a budget decision, a parameter update — is submitted as a governance proposal.

Two prediction markets open: "FAF price if this PASSES" and "FAF price if this FAILS." Participants stake real capital on their belief.

After the voting period, the market with the higher time-weighted average price wins. The result executes automatically — no team override possible.