FLEX Perpetuals
  • 🦖Welcome to Flex Perpetuals
  • 🏪Our Products
    • 📊Leveraged Trading (Cross-Margin Multi-Collateral Management)
    • 🏦Market Making (FLP Vault)
    • 🫗Revenue Share LP (stFDXLP)
  • Markets
  • 🚀Flex Perpetuals Launch Plan (BASE)
  • 📅Roadmap
  • 🤑Trade 2 Earn Points System
  • 🛡️Protocol and Safety Parameters
  • 👩‍⚖️Audits & Contracts
  • 👐Referral Program
  • 🌊Liquidation
  • 🤝Our Partners & Supporters
  • TOKENOMICS
    • 💰$FDX Token
    • 🪙Other Platform Tokens
    • 📅$esFDX Vesting Schedule
    • 🗓️Community Incentives Schedule
  • 🏆Competitions
    • Trading Competition - Launch
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On this page
  • FLP
  • FDX
  • esFDX
  • Flex Points (FP)
  • Flex Trade Credits (FTC)
  • Flex Perpetuals Revenue Share Model
  • Flex Perpetuals Staking Flows
  1. TOKENOMICS

Other Platform Tokens

Previous$FDX TokenNext$esFDX Vesting Schedule

Last updated 2 months ago

There are a total of five platform-issued token at Flex Perpetuals:

FLP

FLP is a token users receive from depositing their assets into the FLP vault, whose assets act as the liquidity for leveraged traders at Flex Perpetuals. Each FLP token represents a share of the ownership of assets within the FLP vault.

Token Contract: 0x6304CE3F4eF20EC0AaB3981d0B4428Beeb96c3aC

FLP Price Calculation: FLP=Σ(AssetsinFLP∗AssetMarketPrice)+PnLFLP=Σ(AssetsinFLP∗AssetMarketPrice)+PnLFLP=Σ(AssetsinFLP∗AssetMarketPrice)+PnL

How to obtain:

  • Deposit USDC, cbBTC or WETH into the FLP vault

Staking Contract: 0x053fa05d34c51afC5cb9f162Fab3fD675Ac06119 Utilities:

  • Earn 45% of protocol revenue in the form of USDC when staked

  • Earn a share of esFDX token emission when staked

  • Accrue profits from acting as the counterparty for traders on Flex Perpetuals

FDX

When staked as stFDXLPthe Governance tokens of Flex Perpetuals. In addition to granting participation in the Governance process of the protocol, it also accrues value from the platform revenue

Token Contract: 0xE248c0bCE837B8dFb21fdfa51Fb31D22fbbB4380

How to obtain:

  • Participate in Launch Event (TGE)

  • Purchase it from the FDX-ETH liquidity pool on Aerodrome.Finance

  • Vest esFDX

Staking Contract (stFDXLP): 0xF00e53B7F3112834625f5AD5d47dA0e6E427E660 Utilities:

  • Earn 30% share of protocol revenue in USDC when paired with ETH & staked as stFDXLP (shared with staked esFDX & FP).

  • Earn a share of esFDX community incentives token emissions when paired with ETH & staked as stFDXLP.

  • Earn Flex Points at 100% APR when paired with ETH and staked as stFDXLP.

  • Receive governance voting rights to help shape key decisions on the development of FDX exchange (only stFDXLP holders can vote. esFDX and FP have no voting power - coming soon...)

  • $FDX Token can simply be held as a speculitive play for long term price appreciation

Unvested private sale FDX token (LFDX) can also be staked to earn a portion of the protocol revenue along with stFDXLP token. However, they ARE NOT eligible to earn esFDX rewards. LFDX Token Contract: 0x8ae234597bf9670aa854e3928a2b016AF2cbA33b

esFDX

To protect FDX holders, esFDX (escrowed FDX) is distributed as incentive rewards to the stakers of stFDXLP & esFDX tokens and FLP tokens on FLEX. esFDX token is the escrowed version of the FDX token and cannot be traded. It must first be vested before it can be traded. However, the esFDX tokens possess the exact same utilities as FDX tokens.

Token Contract: 0x915595336Dad62fD1C3600193a16B3F44B44d27E

How to obtain:

  • Stake esFDX, stFDXLP, or FLP

  • Earn via Trade to Earn program

Staking Contract: 0xbD5E6070E1dd19Bd3af24A46caE2634dA9f22e5B Utilities:

  • Earn 30% share of protocol revenue in the form of USDC when staked (shared with staked stFDXLP & Flex Points)

  • Earn a share of esFDX token emission when staked

  • Earn Flex Points at 100% APR when staked

Flex Points (FP)

FP aims to reward long term supporters of Flex Perpetuals without creating an inflation on the FDX tokens. The owner of the FP can stake them to earn a share of protocol revenue, which is split among staked esFDX & stFDXLP.

Token Contract: 0x4A3AdB82b2BFcd46Ed47dAC3CB69fc357Bb399B3

How to obtain:

  • Stake esFDX or stFDXLP

Utilities:

  • Earn 30% share of protocol revenue in the form of USDC when staked (shared with stFDXLP & staked esFDX) 1 FP = 1 esFDX in the calculation for revenue sharing.

We convert the USD value of stFDXLP into equivalent $FDX quantity to calculate the appropriate Flex Point distribution.

If you unstake your esFDX or stFDXLP, your accrued Flex Points, equal to the ratio of your unstaking balance, will automatically be unstaked and burned.

Flex Trade Credits (FTC)

For every $1 of trading volume, Flex Perpetuals users will be awarded at least 1 FTC (depending on the asset that they trade). Each week, esFDX & other Incentive rewards will be distributed pro-rata to traders based on their FTC amount.

Token Contract: 0x78e82092F2E8a251a1Db7D98b60f8EAee1B1E4Af

How to obtain:

  • Open a leveraged trading position at Flex Perpetuals (users will receive at least 1 FTC for every $1 worth of trading volume).

Utilities:

  • Receive a share of esFDX rewards and other incentives

Below is a table summarizing the FTC awarded to traders for $1 worth of trading volume for each respective asset:

Asset
# of FTC per $1 of Trading Volume

BTC & ETH

2.5

Other Crypto

5.5

Commodity

5.5

FX

1.5

Only trades that increase positions' size will be awarded FTC

Flex Perpetuals Revenue Share Model

Flex Perpetuals Staking Flows

More details on the vesting mechanics & schedule of esFDX can be found

here.
FLP
FDX
esFDX
Flex Points (FP)
Flex Trade Credits (FTC)
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