FLASH Price Today
Flashstake price today is $0.031397093851 with a 24-hour trading volume of $7,222.54. FLASH price is up 15.7% in the last 24 hours. It has a circulating supply of 0 FLASH coins and a total supply of 150 Million. If you are looking to buy or sell Flashstake, Uniswap (v2) is currently the most active exchange.
What was the highest price for Flashstake?
Flashstake hit an all time high of $5.97 on Mar 08, 2021 (over 1 year).
What was the lowest price for Flashstake?
Flashstake had an all time low of $0.000609903198 on Sep 22, 2021 (about 1 year).
What was the 24 hour trading volume of Flashstake?
The 24 hour trading volume of Flashstake is $7,222.54.
Where can Flashstake be traded?
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.