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fTokens
fTokens are the native share token of Friktion's Volt program.
  • fTokens continuously accrue the returns from a Volt and compound yield to the token holder.
  • fTokens are claimable from a deposit into any volt after the volt in which you deposited ends.
  • fTokens are transferrable, redeemable for the deposit token of a volt (e.g SOL for SOL covered calls), and tradable on a Serum market or AMM. They're just a plain old SPL token!
  • fToken addresses can be found in the Friktion snapshot!
For help interacting with fTokens, check out our developer resources​

How Many fTokens Will I Receive for My Deposit?

  1. 1.
    The SOL covered call volt starts with 100 SOL deposited. There are 105 fcSol fTokens in circulation
  2. 2.
    You deposit 1 SOL
  3. 3.
    The current epoch ends. Volt made no yield so deposits are the same.
  4. 4.
    The next epoch starts. 1/100 * 105 = 1.05 fcSol tokens are now claimable

How Many Underlying Tokens Will I Receive for My Withdrawal?

  1. 1.
    The SOL covered call volt starts with 100 SOL deposited. There are 105 fcSol fTokens in circulation
  2. 2.
    You burn 10 fcSol fTokens.
  3. 3.
    The current epoch ends. Volt made 1%, so SOL deposits are now 101.
  4. 4.
    The next epoch starts. Your fcSol tokens were redeemed for 1/105 * 101 SOL each. Thus 10/105 * 101 = 9.61904761905 SOL is now claimable
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