Joined June 2013
Rehan ⚡️ retweeted
Let's set the record straight on Flash. There's been a lot of noise about why we're exploring an acquisition and are willing to wind down a revenue positive business, and some of it has turned into claims that we didn't know what we were doing. That's simply not true, and the numbers back us up. We did $22B+ in volume and ~$6M in pure revenue without raising a single dollar. We put up $500K of our own money to start, right after the FTX crash, when it felt like the stupidest possible time to build an exchange. Here's what we actually built: We were the first exchange to bootstrap from an NFT raise, and were able to reward an equivalent amount of money in yield to the NFT holders within a year. First and only protocol to offer a fully onchain points program gamified using program-upgradable evolving NFTs. First onchain perps protocol on Solana to offer forex and commodity perps with up to 100x leverage. First Solana perps protocol with a fully diluted token, with over 80% of tokens going straight to the community. We launched with zero external liquidity and seeded the FAF LP pool with ~$250K of our own money. First exchange to offer up to 500x leverage on Solana. First Solana perps protocol to transition to the ownership token standard with a 50% share in revenue rewarded to stakers. First onchain perps exchange to offer equity perps, with @RemoraMarkets. Not synthetic gimmicks. Real backing, with the multi-token pool supporting spot swaps on the said equity tokens too. That alone did $150M+ in volume and generated over ~$1M in fees. The only exchange live today where LPs get their yield in explicit notional USDC paid out in real time (people love that) The first and only Solana perps exchange to push SVM scalability with @magicblock ephemeral rollup tech. Lowest latencies, zero transaction costs, a design we built from the ground up. We took an exploit, limited the damage to ~$100K, concluded on the RCA and reached out to the team following responsible disclosure and came back live with all operations in under 24 hours having filled the hole to cover every single cent. Every user made whole. No excuses, no delays. Followed up by building a systematic hardening system that stops a major exploit before it ever happens Four years. No VC. Our own money, through the worst moment in crypto history. $22B in volume. Call that whatever you want. We call it building the furniture of finance, fully composable onchain.
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Rehan ⚡️ retweeted
This tested us like never before. Late evening, while most of us were with family, some at hospitals with loved ones even! An unauthorised withdrawal hit us. In minutes, the Flash team dropped everything. We paused the entire protocol almost immediately. No hesitation. Back at our desks, digging through the exploit, tracing every detail, and locking it down. We worked through the night until 7-8am. No sleep. No breaks. Just pure focus to protect every single user. Proud to say under 24hr: ✅ Trading was back live ✅ The lost funds were fully covered by the team ✅ Deposits & withdrawals resumed ✅ Systems hardened with the fix deployed This wasn’t just code. This was everyone on the team choosing the community over everything else. The Flash team showed up when it mattered most. Super honoured to build Flash with @XohebS @Mabrehan @allinbitcoin_ @AlchemizeOne @mightymags @Crypt0Panda @Frost_8bit @m_a_zeeshan and the @magicblock team We built Flash for transparent, fast, reliable perps on Solana, and yesterday proved we’ll always put safety and users first, no matter the personal cost. Huge thanks to every beast who stayed calm and trusted us. We’re stronger because of you. Welcome back. Let’s trade.
We're fully back online. Trading, deposits, and withdrawals have all resumed as normal. The exploited amount has been fully replenished, and as promised, no user was affected. All funds are safu. Thank you for your patience and trust throughout this. We're coming out of this stronger, with hardened systems and lessons learned. Back to building.
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It’s time to make it official 🤝 Flash Trade, along with $FAF, is now officially a certified ownership token ⚖️ $FAF launched with a fair mechanism, already giving stakers a direct fee share from the protocol and follows futarchy-based governance 📈 This certification just confirms the full set of checks and balances required to join @MetaDAOProject and to get officially certified as one of the ownership token in the ecosystem ⚡️
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Internet Capital Markets can only exist on a permissionless stack. Flash Trade and @magicblock are coming together to make it happen⚡️ 🧙 Soon you will trade anything, anytime from anywhere all on @solana with the fastest and cheapest exchange aka FlashTrade
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Look who got a new look? ☀️ Same Flash New energy ⚡️
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What do we say to 100x leverage? NOT ENOUGH ❌ Introducing Degen Mode⚡️ where users can trade with upto 500x leverage on SOL, BTC & ETH. The only exchange to offer 500x 📈 Only Posible On Solana 🫶
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FAF stakers, the wait is over You can now start collecting your Revenue Share ⚡️ More details dropping soon
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Rehan ⚡️ retweeted
It's great to see the @FlashTrade_ team on the İstanbul Solana Ecosystem Call! @Mabrehan 💃🤩 @SuperteamTR @superteam @altcointurk
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Rehan ⚡️ retweeted
Teamwork makes the dreamwork and FlashTrade is an ELITE team proud and humbled to get to learn and grow with you guys. @solana
In less than 30 days from our last milestone, Flash Trade has done more than $3 billion of cumulative in 5 months of it's public launch ⚡️ Next goal $5 billion 🎯
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Smoothly glided over $2billy in cumulative volume in less than 4 months of launch. Our goals are much bigger so no celebrations.....
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Capital efficiency ⚡️
Another day where Flash is casually serving the second-largest volume on Sol perp in the past 24hrs with the lowest TVL amongst the rest of the exchanges.
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we're experiencing the first stress test of this cycle. @FlashTrade_ liquidations are being handled as designed, with no creation of bad debt. these are the moments where the team's extensive experience shines through.
we're experiencing the first stress test of this cycle. @FlashTrade_ liquidations are being handled as designed, with no creation of bad debt. these are the moments where the team's extensive experience shines through.
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Rehan ⚡️ retweeted
عيد الفطر السعيد أعاده الله علينا وعليكم بالخير والبركات تقبل الله من الجميع الطاعات في شهر الخير
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If you are into trading, pivot to fully decentralised exchange @FlashTrade_
If you are into memecoins, pivot to fully on-chain, novel NFT experiments enabled by @Solana Token Extensions and @epplex_xyz
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.@FlashTrade_ doing $60m+ volume with $6m in TVL That’s the tweet. Study efficiency
Solana is doing more DEX volume than Ethereum with only 8% of the TVL per @DefiLlama That's the tweet. Study efficiency
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Rehan ⚡️ retweeted
Raised 1.2m from NFT mint -> Used that to Bootstrap Liquidity -> gave back 250k already to Holders within 2 months. Name me another project that comes anywhere close, I'll wait. Happy 2 month anniversary to Flash, proud of the journey so far⚡️
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Tensorians have one of the best distribution which is around 87% - 8.77k owners for 10k collection Any other collection with better distribution?
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.@FlashTrade_ will onboard the next wave of traders on Solana
.@_cubik will onboard the next wave of builders on Solana.
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