The Flashstake protocol is a novel financial infrastructure that allows users to receive instant yield on deposited assets by locking up principal for a chosen duration. The protocol is made possible by Flash Strategies, which utilize underlying protocols such as AAVE, Yearn, etc. to generate yield.Upon staking into the Flashstake protocol, the staked tokens are immediately sent to the Flash Strategy and deposited into the underlying protocol (eg. AAVE, Yearn) to start earning yield. The Flash Protocol and Flash Strategy determine the number of fTokens that should be minted and sent to the staker based on staked token quantity and duration. The resulting fTokens entitle the holder to a proportional claim on yield generated by the Flash Strategy. For example, if the yield pool currently contains $1,000 USD and a staker holds 100% of fTokens for that strategy, he or she may burn their fTokens and redeem the entire $1,000 USD.Tokens and NFTs - FLASH, fTokens, and FlashNFTsFLASH TokenThe purpose of the token is to govern the Flashstake protocol.fTokensFlash protocol creates strategy-specific fTokens, an ERC-20 token, whenever a new strategy is registered. fTokens represent a proportional claim to the yield pool of the strategy they represent.100% of the total fToken supply can be redeemed for 100% of the total yield accumulated within a given strategy.FlashNFTsFlashNFT can be minted to allow for a tradable representation of a user’s stake. FlashNFTs can also be created after the initial stake if the stake still has remaining tokens available.
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