> For the complete documentation index, see [llms.txt](https://fly-protocol.gitbook.io/fly/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://fly-protocol.gitbook.io/fly/fly-insurance-fund-fif.md).

# FLY INSURANCE FUND (FIF)

FLY INSURANCE FUND

FIF is the acronym for the Fly Insurance Fund which is a separate wallet in FLY MAP system. The FIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the FIF wallet.\
In simple terms, the staking rewards (rebase rewards) which are distributed every 15 minutes at a rate of 0.02371% are backed by the FIF parameter, thus ensuring a high and stable interest rate to $FLY token holders. 5% of all trading fees are stored in the Fly Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase. FIF Keeps holders safe by: Avoiding flash crash through price stability Achieving long-term sustainability and future growth of the FLY Protocol Greatly reducing downside risk.

<div align="left"><img src="https://3882735920-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FiYW5sF0eWL8eVj6TpjuH%2Fuploads%2F0sz5BFLAXOTtNNDkDGNq%2FFIF.png?alt=media&amp;token=39681d4d-b980-4192-8e64-5174b92a3bd2" alt="FLY INSURANCE FUND"></div>