The Flat Money Points (FMP) Fair Launch and Incentives Plan

A review of the Flat Money Points allocated for incentives in the Flat Money ecosystem.

At Flat Money, we’re on a mission to create censorship- and inflation-resistant onchain money that’s 100% backed by decentralized collateral and completely untethered from TradFi. Flat Money is a grassroots movement, and the earliest participants in our ecosystem should be rewarded for bolstering adoption and helping us realize our mission to return onchain money to our cypherpunk roots.

FMP’s Fair Launch is Open to Everyone

Through our FMP Seasons Series and other initiatives, we will allocate all Flat Money Points (FMP) to our users.

The FMP distribution will be a fair launch, which means everyone has the same opportunity to earn FMP by contributing to the Flat Money ecosystem. Our team didn’t do any fundraising. There are no VCs in Flat Money and no outside investors who are getting better terms than you. Anyone who earns FMP is subject to the same 12-month vesting period.

In the future, people will be able to convert FMP into Flat Money’s native token, which can be staked to earn a percentage of trading fees. For more information on the future purpose of FMP, see the Flat Money documentation.

Together, we can scale UNIT and popularize a better form of onchain money throughout DeFi. If you’re here in the beginning, you will share in Flat Money’s future success.

The FMP Allocation

Below you can find an overview of the points we’ve allocated to existing seasons. After the protocol launches, FMP will be minted as ERC-20s that will be fully transparent onchain. All FMP will be made available to anyone who participates in the Flat Money ecosystem. After launch, users will be able to see the amount of FMP they’ve earned and the current vested balance in the Flat Money user interface (UI).

The FMP Distribution Ahead of Launch

People have already had the opportunity to earn FMP. Those who participated in our early testnet competition were the first to join our Discord and contribute USDC in the Flat Money Early Depositor Vault. Together these early adopters had the chance to earn a share of 22.26M FMP.

Out of all the FMP allocations, none will be higher than the 21M allocated to the Early Depositor Vault. People interested in earning a share of 21M FMP can contribute USDC to the Toros Finance Early Depositor Vault on Base to participate in Season 1 of our FMP Seasons Series—the vault will close for deposits in two (2) days. 

After the Early Depositor Vault closes, the USDC will be deposited in the Aave Base Native USDC market so depositors earn yield ahead of the Flat Money launch in late March. Once Flat Money launches, the USDC in the Early Depositor Vault will be converted to rETH and used to mint UNIT, which will earn depositors an estimated 20–50% APY based on current funding rates.

This will be the last opportunity to earn FMP ahead of Flat Money’s launch.

The FMP Allocation Post-Launch

Once the Flat Money protocol launches, leverage traders who participate in the Perpetual Futures Market and early UNIT adopters who participate in the Flat Money Market will both have the opportunity to earn FMP.

We’ll announce more details about how to earn FMP in both markets and the timeframe for distribution closer to our launch.

Flat Money Ambassadors Program

Since we’re a grassroots movement at Flat Money, we want to work with passionate community members who want to help us Flat Pill more people.

We’ve allocated 400,000 FMP for our Ambassador Program and will be sharing more details on how to apply to be an ambassador in the coming weeks.

Flat Money’s Farcaster Campaign

We want to grow our presence on decentralized socials, and we’ll be running a campaign on Farcaster that rewards our followers and people who help us get the word out about Flat Money and our mission to create censorship- and inflation-resistant onchain money that’s 100% backed by decentralized collateral and completely untethered from TradFi.

If you follow Flat Money on Farcaster, you can look for an announcement about our upcoming campaign. We’ll share more details about how to participate and earn FMP on Farcaster.

FMP Seasons

Recently, we announced our FMP Seasons, a series of FMP incentives where we will distribute FMP to those who participate in our ecosystem and are aligned with our mission. Season 1 will end when the Early Depositor Vault closes in two (2) days.

Season 2 will reward DHT holders who stake their DHT tokens in a yet-to-be-released staking vault on Toros Finance. In the future, we plan on creating synergy between Flat Money and the other dHEGDE products. When the DHT staking vault launches, we’ll share an announcement with the dHedge and Flat Money communities.

There will be several other seasons announced after Season 2, so be sure to follow us on Twitter and Farcaster, join us on Discord, and subscribe to our blog to get the latest news on our launch and future FMP Seasons.

The Flat Money team is preparing for launch and we will be ramping up our communications over the next several weeks. Keep an eye out for more blog posts, tweets, Flat Money videos, and announcements about podcast appearances and events.

In the meantime, you can check out our ad on The Edge Podcast hosted by DeFi Dad.