Flashstake (FLASH) price has increased today.
The price of Flashstake (FLASH) is $0.282977 today with a 24-hour trading volume of $465,874. This represents a 47.50% price increase in the last 24 hours and a 167.10% price increase in the past 7 days. With a circulating supply of 33 Million FLASH, Flashstake is valued at a market cap of $9,281,044.
What is Flashstake and how does it provide instant, upfront yield?
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 FlashNFTs
- The purpose of the token is to govern the Flashstake protocol.
- Flash 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.
- FlashNFT 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.
Who is the team behind Flashstake?
Flashstake was planned and built by the Flashstake project team from [Blockzero Labs](https://blockzerolabs.io). Blockzero (formerly XIO Network) was formed in 2019 and has now expanded to a global team in more than a dozen countries, consisting of strategists, protocol designers, engineers, developers, marketers, creatives, business developers, and community champions.
Protocol Security and Audits
The Flashstake smart contracts have been [audited](https://docs.flashstake.io/security.html) by Peckshield and Openkertify/Secure3. Flashstake also underwent numerous successful community testnets to further ensure protocol security.
Where can you buy Flashstake?
FLASH tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Flashstake is Uniswap (v2), where the most active trading pair FLASH/WETH has a trading volume of $388,259.72 in the last 24 hours. Other popular options include Uniswap (v3) and Uniswap (Arbitrum One).
What is the daily trading volume of Flashstake (FLASH)?
The trading volume of Flashstake (FLASH) is $465,859.31 in the last 24 hours, representing a 39.00% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for Flashstake (FLASH)?
The highest price paid for Flashstake (FLASH) is $5.97, which was recorded on Mar 08, 2021 (about 2 years). Comparatively, the current price is -95.30% lower than the all-time high price.
What is the all-time low for Flashstake (FLASH)?
The lowest price paid for Flashstake (FLASH) is $0.000609903198, which was recorded on Sep 22, 2021 (over 1 year). Comparatively, the current price is 46,363.50% higher than the all-time low price.
What is the market cap of Flashstake (FLASH)?
Market capitalization of Flashstake (FLASH) is $9,281,044 and is ranked #1021 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of FLASH tokens (33 Million tokens are tradable on the market today).
What is the fully diluted valuation of Flashstake (FLASH)?
The fully diluted valuation (FDV) of Flashstake (FLASH) is $42,493,372. This is a statistical representation of the maximum market cap, assuming the maximum number of 150 Million FLASH tokens are in circulation today. Depending on how the emission schedule of FLASH tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Flashstake compare against its peers?
With a price increase of 167.10% in the last 7 days, Flashstake (FLASH) is outperforming the global cryptocurrency market which is up 3.20%, while outperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
What is the market sentiment of Flashstake today?
The community is bullish as more than 100% of users are feeling good about Flashstake (FLASH) today.
How to add Flashstake (FLASH) to MetaMask?
Adding Flashstake (FLASH) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import FLASH as a token. You can copy FLASH’s contract address (0xb1f1f47061a7be15c69f378cb3f69423bd58f2f8) and import it manually, or if you've installed MetaMask's chrome extension, add FLASH to MetaMask with one click on CoinGecko.
Add FLASH to MetaMask.