Solana Weekly #102 - From Zero to $13B: Anas Reveals How FlashTrade Revolutionized Perps With NFTs and No VC Cash

Show Notes

Episode Overview

• Guest Introduction: Thomas welcomes Anas, co-founder of FlashTrade, a decentralized perps DEX on Solana. Anas shares FlashTrade’s mission, origin story, and key features.

• What is FlashTrade?

• Perpetual DEX offering up to 100x leverage on various crypto assets.

• Pool-to-Peer model where users can either trade with leverage or provide liquidity to earn fees.

• Oracle-based pricing via Pyth for fast, slip-free execution.

• Listing Meme Tokens & Managing Volatility

• Discussion on recent high-volatility meme coins (e.g., Trump token) and how FlashTrade quickly lists new assets.

• Chain congestion challenges during major token launches and how FlashTrade stayed operational.

• Pool-to-Peer Market Making

• How liquidity providers (LPs) act as market makers and can benefit from high volatility.

• FlashTrade’s FLP token represents a share in each liquidity pool.

• Beyond Crypto: Tokenization of Real-World Assets

• Plans to list tokenized stocks and other real-world assets on Solana.

• Discussion on why perpetuals were popularized in crypto and how they can hedge spot positions.

• User Experience & Future Upgrades

• Focus on keeping the UI simple—trading in “three clicks.”

• Email-based wallet creation via Phantom to onboard new users without heavy blockchain know-how.

• Teaser about upcoming scaling enhancements and expansions into spot trading.

• NFT Integration: The Beasts

• NFT collection with on-chain evolution that rewards protocol participation (trading, providing liquidity, and referrals).

• Higher-level Beasts yield better benefits (fee discounts, referral rebates, LP rewards).

• FlashTrade is planning a token launch, with Beast holders set to receive token allocations.

• Looking Ahead

• Ongoing push for more innovative features, streamlined UI, and broader asset listings.

• Commitment to decentralization and user self-custody.

• Final Thoughts

• Encouragement to explore DeFi for higher transparency and potential yields.

• Thomas thanks Anas for sharing FlashTrade’s vision and invites listeners to stay tuned for more Solana developments.