Futureswap Token (FST)
FST is a governance token that's earned through usage of Futureswap. It can be used in our system for voting and, in the future, trade fee discounts. Under-the-hood, FST is a standard ERC-20 token contract from Open Zepplin's upgradability admin proxy and a snapshot token that is mintable. There will be 100,000,000 FST minted over the course of 9 years, distributed to users, investors, and the team.
16,333 FST are distributed daily for usage of the platform.
9,750 are distributed to traders
5,250 are distributed to liquidity providers.
1,333 are distributed to Uniswap ETH/FST LP token stakers
You can also view the current rates on the rewards page https://exchange.futureswap.com/rewards
Traders earn FST based on on their volume as a ratio to total trade volume for that day. A close trade event trade event must happen for that trade to be counted for the daily volume
Trader Example:
| Trade volume | Your volume | FST earned |
Day 1 | $10,000,000 | $500,000 | 1300 FST |
Day 2 | $12,000,000 | $0 | 0 FST |
Day 3 | $20,000,000 | $400,000 | 520 FST |
Total: | -- | -- | 1820 FST |
Liquidity providers earn FST based on their liquidity provided as a ratio to the total amount of liquidity provided for that day. In for liquidity to be counted it must be in for one full epoch (before the day starts till after the day ends)
Liquidity Provider Example:
| Total Liquidity | Your liquidity | FST earned |
Day 1 | $30,000,000 | $100,000 | 46.7 FST |
Day 2 | $27,000,000 | $100,000 | 51.9 FST |
Day 3 | $35,000,000 | $100,000 | 40 FST |
Total: | -- | -- | 138.6 FST |
Uniswap ETH/FST liquidity providers can earn FST by staking their liquidity tokens in the incentivized staking contract on our rewards page. By staking your Uniswap liquidity tokens, you'll begin immediately earning FST.
FST rewards will accumulate after each epoch and can then be can be claimed at any time on the rewards page
