FLZ Token

Token information

FLZ is Feliz's native utility and governance token.

Only users with locked fLP (liquidity tokens) activate eligibility for FLZ emissions on their deposits or borrows.

Additionally, fLP’s share in the utility of Platform Fees is captured in blue-chip assets such as Bitcoin, Ethereum, and stablecoins from borrowers paying loan interest, flash loans, and liquidation fees.

Through decentralized discussions, voting, and governance, the Feliz DAO has and always will dictate the decisions, and, ultimately, the vision of the Radiant ecosystem.

Liquidity Mining

Only users with locked fLP (Liquidity Tokens) activate eligibility to receive FLZ emissions within the money market.

$FLZ Liquidity mining emissions can be instantly claimed for the total amount on the condition that they are zapped into locked fLP tokens by pairing the claimed $FLZ with WFTM.

Alternatively, emissions may be vested for three months. Vesting FLZ may be claimed early for an exit penalty to receive 25-90% of rewards, decaying linearly during the three-month vesting period.

This penalty fee is then distributed 90% to the Feliz DAO reserve, and the remaining 10% is sent to the Feliz Starfleet Treasury.

Locking fLP tokens is a one to twelve-month process and must be re-locked after maturity to continue receiving platform fees.

For a detailed breakdown of how dynamic liquidity provisioning functions, visit the fLP section.

For a detailed breakdown of how Locking & Vesting work, visit the Manage Feliz section.