GMTrade has publicly proposed a soft acquisition of Flash Trade, and plans to airdrop points to FAF holders and liquidity providers.

Solana perpetual contract trading platform GMTrade tweeted a public proposal to soft-acquire Flash Trade, which had previously announced it might cease operations. GMTrade also plans to airdrop GT points to FAF token holders and liquidity providers, with the specific snapshot time pending. The firm stated that while the acquisition is not the team’s ideal exit method, it is a more stable outcome and clear follow-up path for the community under current circumstances. Earlier, Flash Trade had said it would gradually wind down operations if a suitable acquirer was not found. Since then, Flash Trade has been seeking to sell its tech stack, brand, and intellectual property, with proceeds to be distributed to FAF holders proportionally to their holdings.