Deep Dive on Flash.Trade's FAF Stake Pool
ยท 20 min read
My other Flash.Trade article traced the USDC fee flow from traders to FAF stakers. This article looks at the other side: the FAF tokens themselves. Where did they come from, where did they go, and can every token be accounted for? I looked at 80,000+ on-chain events to find out.
note
- This article reflects my personal understanding of Flash.Trade's on-chain mechanics, derived entirely from observing on-chain state and transaction data. Data is from mid-end February 2026. Check dashboards for live data.
- All FAF amounts are in whole tokens unless noted otherwise. On-chain values are tracked to 6 decimal places.
- The Staking Overview dashboard shows the live version of the data discussed here.