Phase 2 of Flat Money’s full launch brings with it the launch of the new DHT Staking Vault on Toros Finance and the start of Flat Money Points (FMP) Season 2!
Since the Flat Money protocol was funded by the dHEDGE ecosystem and falls within the dHEDGE family, we’re rewarding DHT holders who stake in the new DHT Staking Vault on Base with 10M FMP if they deposit before the end of August.
Flat Money wouldn’t be possible without the support of the dHEDGE community, so we’re rewarding DHT holders and identifying new opportunities to create synergy between Flat Money and the other dHEDGE products.
FMP Season 2 Details
To participate in Season 2, you can bridge your DHT tokens from Optimism and Ethereum to Base using the Celer bridge. Once you’ve bridged your DHT tokens onto Base, head to the Flat Money DHT Staking Vault on Toros Finance.
You’ll have the option to stake your DHT in the vault to earn FMP tokens, which will be minted once the vault closes. The FMP minted and allocated to the DHT Staking Vault will vest for one (1) year.
If you decide to withdraw your DHT, you will also claim your vested FMP. Withdrawing your DHT and claiming your FMP before the one (1) year vesting period is complete means you will forfeit your unvested FMP allocation. This is designed to penalize short-term farmers and reward long-term aligned community members.
We’re happy to reward DHT holders and leverage the dHEDGE product suite to help Flat Money scale during onchain summer. You can participate in FMP Season 2 during the month of August!
Season 3 Alpha
Soon, we’ll be launching FMP Season 3. While we haven’t previously shared details about Season 3, we wanted to share some alpha as we kick off onchain summer.
FMP Season 3 will be focused on rewarding users who participate in the Flat Money Perpetual Futures Market through a new Toros Finance Vault: Flat Money Perp Market Making Vault. We’ll make an announcement once this vault launches in the Toros Finance dApp.
Depositors in the Flat Money Perp Market Making Vault can earn FMP during Season 3. The vault will receive an allocation of 4M FMP for Season 3, so depositors can earn attractive yields and FMP.
Other Ways to Earn FMP
We’ll be announcing other FMP Seasons in the future and sharing other ways you can earn FMP in the future. Currently, you can earn FMP by participating in Flat Money’s Perpetual Futures Market. Leverage Traders can earn 100 FMP for every 1 rETH of trading volume in the Perpetual Futures Market.
Stay tuned for more ways to earn FMP and for details about upcoming seasons.
For the latest, follow up on Twitter and join us on the Flat Money Discord server.
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