> For the complete documentation index, see [llms.txt](https://docs.fly.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.fly.trade/fly/usdfly/xfly-and-fly33.md).

# xFLY & FLY33

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### xFLY - Active Participation

xFLY isn’t just for governance and voting, it’s your boarding pass to influence the fly ecosystem and earn

* Bribes: Protocols will bribe voters to direct emissions toward their asset pairs.
* Vote: on asset allocations for emissions. Lock for longer to increase voting power. &#x20;
* Slippage & Fee Subsidies: Heavily voted assets have lower fees and slippage, making it cheaper to trade where the value is.&#x20;
* Direct FLY emissions to trading pairs you want to trade on
* Shared Revenue: xFLY stakers earn a cut of the revenue generated on their voted assets.
* Multiply: The more you stake and more you trade, the more you earn. xFLY holders receive multipliers based on their activity — boosting voting power, weekly trading incentives, and protocol fee share. They decay over time to maintain fairness and prevent inflation
  * Active participants get more weight in governance and rewards
    * This ensures that long-term and engaged users see meaningful benefits, where it’s like compounding influence, directly tied to how much value you drive through fly.

Standard Vesting Exit

* 3-month linear lock
* Converts xFLY to liquid tokens over time - no burn
* Encourages stability and commitment to ecosystem

InstaExit

* Immediate conversion from xFLY to liquid FLY
* 50% of token amount burned
* Reduces circulating supply

With this model, traders win, voters win, protocols win, and fly scales with real demand, not TVL, turning FLY into more than just a staking and governance token, rather, it becomes a tool for directly optimizing and incentivizing your trading experience.

If you're looking for a more passive way to participate, FLY33 should interest you.

### FLY33 - Passive Participation

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We designed FLY to cater to both the traders of DeFi, and those who prefer to hold, or be a bit more passive. If you’re more into passive incentives and just holding, FLY33 may be for you.

* Vote: algorithmic voting - let us do the work for you
* Earn: auto-compound your rewards
* Token: liquid token - no lock period

With this option, users can take part it some of the rewards of the fly ecosystem even if they’re not big traders.