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FLASH.TRADE

Staker Conviction

Shows how many Flash.Trade FAF stakers reinvest their epoch rewards, broken down by stake size tier. Toggle between wallet count and FAF-weighted views: wallet count treats every staker equally, while FAF-weighted measures what percentage of distributed FAF was actually re-staked.

Current Metrics​

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Data​

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Use Cases​

This chart helps you:

  • Assess protocol conviction: Measure how many stakers reinvest FAF rewards vs. hold or sell them
  • Identify loyalty trends: Track whether the compound rate is rising or falling across epochs
  • Analyze behavior by stake size: See if whales are more or less likely to compound than smaller stakers
  • Evaluate reward strategies: Understand which staker segments reinvest most aggressively
  • Compare across epochs: Identify whether conviction changes around specific protocol events or market conditions

How to Read This Chart​

Click to expand chart reading guide
  • Compound Rate card: Percentage of wallets that re-staked within 7 days of claiming, aggregated across all epochs
  • FAF Compound Rate card: Percentage of total distributed FAF that was re-staked (weighted by amount, not wallet count)
  • FAF Distributed to Stakers card: Total FAF rewards distributed across all epochs
  • X-axis: Epoch number (monthly reward distribution periods, 15th to 14th of the following month)
  • Y-axis: Compound rate as a percentage
  • Toggle: Switch between wallet count view and FAF-weighted view
  • Color-coded lines: Each stake size tier shown separately (less than 10K, 10K-100K, 100K-1M, 1M-10M, 10M+ FAF)
  • Dashed line: All Stakers aggregate
  • Hover: See sample sizes (number of wallets) per tier per epoch, shown regardless of toggle selection
  • Asterisk (*): Current epoch in progress. The rate may still change during the first 7 days after distribution as stakers claim and re-stake

Methodology​

Click to expand technical details

Compound Rate Calculation

  • FAF Token Claims (CollectTokenReward): FAF rewards are distributed monthly after each epoch ends (on the 15th)
  • Time Window: 7 days after claiming
  • Compound Criteria: A wallet is considered a "compounder" for a given epoch if it stakes FAF within 7 days of any claim in that epoch
  • Formula: Compound Rate = (Wallets that re-staked within 7 days) / (Total wallets with claims) x 100, counted per epoch then aggregated across all epochs
  • FAF-weighted variant: Uses claimed FAF amounts instead of wallet counts

Stake Size Tiers

  • Less than 10K FAF: Small stakers, 10K-100K FAF: Medium stakers, 100K-1M FAF: Large stakers, 1M-10M FAF: Whales, 10M+ FAF: Mega whales
  • Wallets are grouped by their staked FAF balance at the start of each epoch (the 15th), enabling analysis of how conviction differs by wallet size over time

Why FAF Token Rewards?

  • FAF stakers also receive USDC revenue share (CollectRevenue), but only FAF token rewards are used because they represent the re-investment decision: a staker must actively choose to re-stake FAF rather than hold or sell it. USDC rewards cannot be directly re-staked.

Data Source

  • On-chain staking events from the Flash.Trade perpetuals program, starting April 12, 2025
  • FAF token claims (CollectTokenReward) and re-stakes (DepositTokenStake) tracked per wallet

Update Frequency

Data is automatically updated once per day. Check the "Last updated" timestamp in the site header for data freshness.

Known Limitations

  • Data window: Staking data starts April 12, 2025; claims before this date are not captured
  • Pre-window balances: Wallets that were already staking before April 12, 2025 have their initial balance estimated from subsequent events
  • Re-stake definition: Only direct FAF deposits (DepositTokenStake) count as compounding; staking via NFT conversion (BurnAndStake) is not counted
  • Epoch 1 not shown: Epoch 1 (April 15 - May 14, 2025) has no data in the chart because FAF token rewards were first distributed on May 15, 2025
  • Epoch boundaries approximated: Epochs are assumed to start at UTC midnight on the 15th. On-chain, the actual transition is the distribute_token_reward instruction, which historically fires later on the 15th (typically between 01:00-10:00 UTC). Claims between midnight and the actual distribution are rare and the impact on compound rates is negligible