# Flash Trade > Asset backed trading with zero slippage and on demand liquidity Flash Trade was a decentralized derivatives exchange on Solana. It let users trade leveraged perpetual contracts through pooled liquidity matching and oracle-based execution. Flash Trade was a decentralized derivatives exchange on Solana that let users trade leveraged perpetual contracts without a centralized intermediary. It matched trader positions against pooled liquidity rather than an order book, with oracle feeds setting entry, exit, and liquidation prices. The protocol served traders seeking non-custodial leveraged exposure to cryptocurrencies and other asset classes. Beyond perpetual contracts, the platform included a token swap function and liquidity provision tools built on the same pooled-liquidity base, letting users exchange assets and supply capital from a single interface. Governance and revenue sharing were tied to the protocol's native token, which holders could stake for a share of protocol earnings and voting power over parameters such as fee rates and supported markets. Flash Trade's offerings centered on its perpetuals trading platform, with swap and liquidity features layered onto the same product. It was used by decentralized finance traders and liquidity providers on Solana who sought leveraged trading without relying on a custodial exchange. The protocol underwent an orderly wind-down, closing trading and liquidity deposits and returning remaining balances to users. - Type: Protocol - Sector: DeFi - Status: Closed - Founded: 2023-01-01 - Profile: https://thegrid.id/profiles/Flash_Trade ## Products - [Flash Trade Perpetuals Trading Platform](https://thegrid.id/profiles/Flash_Trade): Flash Trade was a decentralized derivatives exchange that let users trade leveraged perpetual contracts on Solana without a centralized intermediary. It matched trader positions against pooled liquidity rather than an order book, with oracle feeds setting execution and liquidation prices. The platform also included a token swap function and liquidity provision tools on the same interface. It served decentralized finance traders and liquidity providers seeking leveraged exposure without custodial risk, and underwent an orderly wind-down that closed trading and returned balances to users. (Decentralized Derivative Exchange, Inactive/Support Ended, Main Product) ## Assets - [The Flash Beasts](https://thegrid.id/profiles/Flash_Trade): Flash Beasts is an NFT collection issued by Flash Trade on Solana. It was used to bootstrap the protocol's pooled liquidity, with each Beast earning a share of fees on the liquidity it seeded. The collection was later retired, with holders' accrued rewards converted into an allocation of the FAF token. (NFT) - [Flash.Trade (FAF)](https://thegrid.id/profiles/Flash_Trade): FAF is the governance token of Flash Trade, a decentralized derivatives exchange on Solana. It was used for staking to earn a share of protocol revenue and for voting on protocol parameters such as fee rates and supported markets. Following Flash Trade's wind-down, its staking and revenue-sharing functions are no longer active. (Governance) ## Links - [Main](https://flash.trade) - [Blog](https://www.flash.trade/blogs) - [Documentation](https://docs.flash.trade/flash-trade) - [Privacy policy](https://www.flash.trade/privacy) - [Closed Source](https://x.com/FlashTrade/status/2085749366468534524) - [Twitter / X](https://x.com/flashtrade) - [Discord](https://discord.com/invite/HqYDWnMP6J) ## Legal This data is provided under two licensing models. Model 1 - open data. 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