FlashStake is a DeFi platform that allows users to earn instant profits by staking Liquid Collateral Derivatives (LSD) tokens without waiting for expiration. This is called advance profit.
FlashStake provides users with a time-travel experience with an asset, enabling them to buy, sell, and receive the future value (profit) of that asset at the time of transaction.
How FlashStake works consists of three main components:
Flashstake Protocol (FSP): Plays a central role and is where user activity and time vault policies take place.
Time Vault Strategy (TVS): A strategic vault created by the LSD protocol.
Time-Based Derivatives (TBD): A form of token that represents the future profit value of the assets staked by users on the platform.
FlashStake Protocol
The Flashstake protocol plays a central role in the “time travel” process of FlashStake, and has three specific functions:
Stores assets for all operations on FlashStake.
Deploy and register a user's time vault policy.
Generate and mint time-based derivative tokens based on the assets staked by users in the protocol.
Therefore, the process on the FlashStake protocol will proceed as follows:
Step 1: Users stake tokens in the FlashStake protocol and choose the time for staking.
Step 2: The FlashStake protocol deposits the token into the Time Vault Strategy (TVS) and mints Time-Based Derivatives (TBD) tokens to provide to users.
Step 3: Anyone can destroy, exchange and stake TBD tokens to redeem (recover) the profits of the time vault.
time vault strategy
Time Vault Strategies (TVS) are customizable smart contracts that allow users to buy, sell and earn TBD tokens.
Simply put, FlashStake is an aggregator of other LSD platform vaults, giving users the flexibility to maximize profits on their holdings.
Some things to note when using TVS:
Anyone can create their own time vault based on their needs and holdings to maximize profits.
A time vault strategy using a third party can be affected by many factors (increase or decrease in asset value, etc.). FlashStake makes no guarantees regarding returns on these time vaults.
Here are some of the most widely used time vault strategies on FlashStake: Aave’s AAVEv2-V1 strategy, Lido Finance’s stETH strategy, GMX’s GLP strategy, Rocket Pool’s rETH strategy.
As an example, Alice uses Lido Time Vault (Lido’s time vault strategy) to generate upfront profits based on her stETH holdings. The specific process is as follows:
Step 1: Alice chooses Lido Time Vault and pledges 25 stETH in FlashStake for a period of 100 days with a prepaid profit of 100 stETH.
Step 2: FlashStake mints 100 stETH TBD tokens (deducting 5% handling fee) and sends them to Alice, while sending 5% of the handling fee to Flash Capacitor.
Step 3: 100 stETH will be pledged to the Lido Time Vault smart contract.
Step 4: Profits generated from 100 stETH will be transferred to pools regulated by Lido Time Vault, including the Yield Pool and stETH/fstETH LP.
Step 5: According to Lido Time Vault’s strategy, Alice needs to perform two operations to obtain prepaid profits in the form of stETH:
Destroy 50 stETH TBD in the revenue pool.
Exchange 50 stETH TBD in stETH/fstETH LP.
Note: Depending on the different time vault strategies, users need to perform different operations to obtain prepaid profits, whether it is exchanging, destroying or pledging TBD tokens.
FlashStake Protocol's Products
FlashStake（Flash Farm）
FlashStake (also known as Flash Farm) allows users to stake LSD tokens from other LSD protocols, such as: rETH (Rocket Pool), stETH (Lido Finance), GLP (GMX), sUSD (Aave V3)... The term and income of the stake are optional.
Users receive rewards immediately after staking tokens.
In the example below, this user “flash staked” 222 stETH for 88 days, earning an immediate upfront profit of 2.28 wETH at a fixed APY rate of 4.28%.
Without Flashstake, this user would have had to wait 88 days to receive this profit.
Flash Farm has the following benefits for participating projects:
Marketing: Each project participating in creating Flash Farm will be marketed on Flashstake’s Twitter + Discord.
Increased Token Utility: When a project creates a Flash Farm, the project’s tokens will permanently have the ability to be instantly staked on the FlashStake platform.
FlashBack
Through FlashBack, users can stake FLASH's LP tokens and choose their favorite time within a specified time range to receive FLASH token staking rewards.
For example, the minimum staking period for the FLASH/WETH trading pair is 30 days and the maximum period is 365 days. Users can choose to participate and choose to stake for 60 days.
The profits earned on FlashBack (including staking rewards and transaction fees) will be paid to users on the set deadline. However, if the user withdraws the assets before the deadline, all reward tokens will be forfeited and only the number of tokens previously staked will be recovered.
Flashtronauts
Flashtronauts is FlashStake's NFT collection, which includes 121 NFTs with time-traveling astronauts. Currently, the project has not updated any information about NFTs.
Highlights of FlashStake
Some of the highlights of FlashStake:
No Liquidation Risk: FlashStake assures users that no matter how the token price or interest fluctuates, your assets are always safe and will not face liquidation.
Users can return prepaid profits through TBD tokens and withdraw original assets at any time.
Real income: Users who stake on FlashStake can not only get prepaid income, but also get back the time fees paid when staking.
What is FLASH token?
FLASH Key Metrics
Token name: FlashStake
Ticker: FLASH
Token Standard: ERC-20
Blockchain: Ethereum
Token contract:
Ethereum: 0xB1f1F47061A7Be15C69f378CB3f69423bD58F2F8
Resolution: 0xc628534100180582E43271448098cb2c185795BD
Optimism: 0x86bEA60374f220dE9769b2fEf2db725bc1cDd335
Goerli: 0xB1f1F47061A7Be15C69f378CB3f69423bD58F2F8
Token Type: Utility
Token Supply: 150,000,000 FLASH
FLASH Token Allocation
FLASH tokens will be distributed as follows:
Blockzero Labs
DAO Treasury: 15.17% or 22,755,000 FLASH tokens
DAO members: 18.66% or 27,990,000 FLASH tokens
Flashstake Treasury（FlashStake财政）
Growth Budget: 38.84% or 58,260,000 FLASH tokens
Flashback staking budget: 12.34% or 18,510,000 FLASH tokens
Core Contributor Budget: 15% or 22,500,000 FLASH tokens
FLASH Token Sale
The project is not currently open for token sales.
FLASH Token Purpose
FLASH tokens are used in the following situations:
Staking rewards.
Deposit FLASH tokens to withdraw time fees in Flash Capacitor.
FLASH token release plan
The unlocking and payment schedule of FLASH tokens is as follows:
Where to buy FLASH tokens?
Currently, users can trade FLASH tokens on decentralized exchanges (DEX) such as Uniswap v2, Uniswap v3, and SushiSwap.
project team
FlashStake was developed by Blockzero Labs, a DAO community and venture capital fund that promotes the development of decentralized projects in Web3.
Similar projects
Lido Finance: A staking solution for locking ETH into ETH 2.0 staking.
Rocket Pool: A decentralized Ethereum staking protocol, compatible with the Ethereum beacon chain.