Flashstake Overview

What is Flashstake?

The Flashstake protocol is a unique DeFi infrastructure that instantly yields deposited assets through Flash Strategies, which utilize underlying protocols like AAVE and Yearn. To learn more, visit flashstake.io and read our docs at docs.flashstake.io.

Main Features
Instant upfront yield
Secure deposits with no liquidation risk
Early withdrawal options
Real yield owned by FLASH token holders
Multiple security audits
Blockchains
EthereumOptimism

Frequently asked questions

Flashstake is a protocol that allows users to lock up their cryptocurrency for a chosen period of time and instantly receive the full yield of their stake. When a user performs a Flashstake, a small fee is transferred to the Flash Capacitor. This fee is currently owned by FLASH token holders. The protocol also has a Time Switch, where a 0-20% time fee is taken from each Flashstake transaction and sent to the Flash Capacitor. The only way to remove fees from the Flash Capacitor is by depositing FLASH tokens. FLASH tokens can be earned through Flashbacks, xToken, or Flashstake itself.

The benefits of using Flashstake include:

  1. Instant upfront yield: Users can lock up their crypto and instantly receive the full yield of their stake, without having to wait for the future.

  2. No liquidation risk: Regardless of the volatility in prices or interest rates, deposits made in Flashstake are secure and there is no risk of liquidation.

  3. Early withdrawal: Users have the flexibility to withdraw their principal at any time by paying back a portion of their upfront yield using fTokens.

  4. Real yield: The Flashstake protocol takes a small fee on all upfront yield generated, which is owned by FLASH token holders.

  5. Real-world use cases: Flashstake is not just a single project, but a protocol that unlocks endless potential real-world use cases.

  6. Flash Farms benefits for projects: Projects that collaborate to create a Flash Farm are promoted to the entire Flashstake community on Twitter and Discord, providing cross-marketing opportunities.

  7. Token utility: When a Flash Farm is created, the native token of that project is given instant upfront Flashstaking abilities, enhancing its utility.

  8. FLASH token earnings: FLASH tokens can be earned through Flashbacks (earning yield on the backend), xToken (earning yield block-per-block), and Flashstake (earning instant upfront yield).

To earn FLASH tokens, you can participate in the Flashstake protocol through three methods: Flashbacks, xToken, and Flashstake. Flashbacks allow you to earn yield on the backend, xToken enables you to earn yield block-per-block, and Flashstake allows you to earn instant upfront yield.

In order to earn FLASH tokens, you can stake and burn fTokens through the Flashstake protocol. The more you stake and the longer you stake, the more points you accumulate. Points are calculated based on the sum of the USD value of all fTokens burned from your flashstakes. These points represent the value staked multiplied by the number of years staked. The points are calculated based on the total fTokens burned and their respective token's value at the time of burning them.

It's important to note that FLASH tokens are used to remove fees from the Flash Capacitor, making them the exclusive token for consolidating, arbitraging, and unlocking time fees from the protocol.

Flash Farms are limited time and amplified upfront yield opportunities within the Flashstake protocol. When a Flash Farm is created, the native token of that project is given instant upfront Flashstaking abilities. Flash Farms provide benefits for projects by promoting them to the entire Flashstake community on Twitter and Discord.

To earn Flashtronaut NFTs, you need to be a user of the Flash protocol. In the first round, there are 8 NFTs available to be won as prizes. To be eligible to claim an NFT, you must have enough points earned on the scoreboard and submit your claim between December 1st 12AM UTC to December 31st 11:59pm UTC. Each address can earn up to 1 Flashtronaut NFT.

Points for Flashtronaut NFTs are calculated based on the USD value of all fTokens burned from flashstakes. The more and longer you stake, the more points you earn. Points represent the (USD value) x (years) of staking. The calculation is based on the total fTokens burned and their respective token's value at the time of burning. For example, if you flashstake 10,000 USDC for 2 years, it would mint 20,000 fUSDC, and instantly burn 80% of that, resulting in 16,000 fUSDC.

Flashback is a feature of the Flashstake protocol that allows users to earn a yield on the backend of their stake. When a user performs a Flashstake, a small fee is transferred to the Flash Capacitor. This fee is generated by the Flashstake protocol and is taken from the upfront yield generated by the stake. Currently, 95% of the upfront yield goes to the user and 5% goes to the Flash Capacitor. The Flash Capacitor can only have its fees removed by depositing FLASH tokens. FLASH tokens are the exclusive tokens for consolidating, arbitraging, and unlocking time fees from the protocol. In summary, Flashback allows users to earn additional yield on their stake by contributing to the Flash Capacitor.

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