What is flow.lease?
Flow.lease overview
flow.lease is a decentralized liquid staking protocol operating on the Waves blockchain. It allows token holders to participate in staking while preserving liquidity and automating validator leasing and reward distribution.
The protocol introduces two core tokens:
fWAVES — a liquid staking token representing the user's proportional share of the leasing pool. The token’s value automatically increases as validator rewards accumulate. fWAVES can be freely transferred or used in external DeFi protocols while rewards compound automatically.
FLOW — a governance and validator registration token. FLOW is used for:
Validator registration collateral
Voting to determine leasing allocation
Emergency governance actions
Core Protocol Features
Fully Trustless and On-Chain
All deposits, withdrawals, leasing updates, validator voting, and slashing logic are executed directly by immutable smart contracts.
No backend is involved in processing user funds.
Validator Selection via Voting
FLOW holders vote for validators by locking FLOW tokens for multiple cycles.
Voting weights determine leasing distribution in favor of the highest voted validators.
Automatic Leasing Rebalancing
Every leasing cycle, smart contracts automatically recalculate and redistribute WAVES leasing based on up-to-date voting results.
Deposits and withdrawals are processed at well-defined cycle boundaries to ensure predictable fund management.
Emergency Governance & Slashing
Liquidity providers (fWAVES holders) can initiate emergency votes to slash misbehaving validators that fail to distribute rewards properly.
Confirmed violations result in validator removal and full burning of locked FLOW collateral.
Liquid Staking with Continuous Reward Accrual
Rewards earned from leasing operations are automatically reflected in fWAVES token price.
Users do not need to manually claim or restake rewards.
Non-Custodial Withdrawals
Liquidity providers may request withdrawals at any time. Withdrawals are processed after the next cycle is completed to maintain protocol stability.
Validator Competition
Validators compete for leasing based on community votes and reward reliability.
DAO-driven governance enables dynamic ecosystem growth and fair distribution of delegations.
Summary
Flow.lease enables both small and large WAVES holders to:
Access staking rewards with full liquidity via fWAVES
Participate in protocol governance via FLOW
Delegate leasing without selecting validators manually
Benefit from fully automated, on-chain operations
The protocol combines liquid staking with decentralized leasing allocation, removing manual complexity and building a robust leasing marketplace for Waves blockchain participants.
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