Tokens

flow.lease uses two native tokens to manage staking, liquidity, and governance.

fWAVES — Liquid Staking Token

  • Issued when users deposit WAVES into the protocol.

  • Represents a proportional share of the staking pool.

  • fWAVES value increases as staking rewards accumulate.

  • Transferable and usable for emergency governance votes.

  • Burned during withdrawal to reclaim WAVES plus rewards.

FLOW — Governance & Validator Token

  • Used for:

    • Validator registration (collateral deposit).

    • Validator voting (staking leasing allocation).

  • Locked during voting cycles to cast votes.

  • Redeemable after the lock period ends.

  • Burned in case of validator slashing via emergency votes.

Both tokens are fully managed by the smart contract with no central authority or backend involvement.

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