> For the complete documentation index, see [llms.txt](https://docs.flashstake.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.flashstake.io/tokenomics-flash/token-utility.md).

# Token Utility

## Time Fees

FLASH is the exclusive token for consolidating, arbitraging, and unlocking *Time Fees* from the protocol.

1. When anyone uses the Flashstake Protocol, [TBTs](/time-based-tokens-tbts.md) are minted.
2. Anytime TBTs are minted, a [Time Fee](/tokenomics-flash/time-switch.md) is sent to the [Flash Capacitor](/tokenomics-flash/flash-capacitor.md).
3. The only way to remove Time Fees from the Flash Capacitor is by depositing [FLASH](/tokenomics-flash.md) tokens
4. The deposited FLASH tokens are sent to the [Flashstake Treasury](/tokenomics-flash/flashstake-treasury.md), further reducing the circulating supply and providing necessary capital for continuous development. 

## Auction Premium

FLASH is the exclusive token for paying the premium fee for a FlashNFT.

1. When anyone [borrows](/liquid-stake-flashlend.md#borrowing) from their [FlashNFT](/time-based-tokens-tbts/flashnft.md), [fc-Tokens](/liquid-stake-flashlend.md#fc-tokens) are minted.
2. Anytime a FlashNFT that has been borrowed against (and has not been fully [paid back ](/liquid-stake-flashlend.md#paying-back)yet) has matured, based on the stake duration, it will go to [Auction](/liquid-stake-flashlend.md#auctions).
3. The first 7 days a FlashNFT is at auction, it is in a [reverse auction phase](/liquid-stake-flashlend.md#reverse-dutch-auction-phase) that FLASH tokens must also be paid. 
4. The deposited FLASH tokens are sent to the [Flashstake Treasury](/tokenomics-flash/flashstake-treasury.md), further reducing the circulating supply and providing necessary capital for continuous development. 


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.flashstake.io/tokenomics-flash/token-utility.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.