From LSWiki

Flux weapons are weapons which use psionic energy as a contact medium. They use the skill psycholeptesis(?) as part of their effective control. Flux weapons can have flux capacitors attached, which presumably increase their effectiveness. Unfortunately I do not know many details, so hopefully someone can fill in more blanks with factual data.

A flux weapon will attack faster then an equivalent non-flux weapon. They do not do as much damage, at least in the hands of an unskilled user. The blade, being made from energy, cannot be harmed. They also appear to be much more effective at stunning opponents

Only when the blade is active will it count as a weapon of it's type for any purposes. This includes keeping. There is a spirit point cost for creating the blade, but either no cost or a very small cost to maintain the blade.

Flux Sword

    This steel rod, energy-focusing patterns etched into its surface, is the
handle of a flux sword, a psionic weapon.  When grasped and its command word
is subvocalized, a blade of coherent psionic energy will spring forth from it.
Creating and maintaining this energy field is psychically draining to a
degree, and while anyone can bring it into being, the weapon only achieves
full effectiveness in the hands of one with the psionic skills to properly
control the field.  The flux sword is returned to its inactive state by
subvocalization of another command word or when the wielder lets go of the
handle.  It is in perfect condition.  It looks about three fifths of a dimin
across and twelve and a half dimins long.  It weighs about thirty dekans.

Flux Sword Activation Words

Activation: xanla Deactivation: limir

Activation: xanla Deactivation: naumo

Flux Dagger Activation Words

Activation: vort Deactivation: hala

Flux Whip Activation Words

Activation: baramo Deactivation: chisma

Flux Wand Activation Words

Activation: vort Deactivation: phim

Flux Staff Activation Words

Activation: snovulark Deactivation: utilexing

Flux Axe Activation Words

Activation: eflom Deactivation: mrane