# FLEX Rewards and Distribution

#### What is FLEX?  <a href="#what-is-earn" id="what-is-earn"></a>

FLEX is the secondary token issued by the Flex Protocol. It captures the fee revenue that is generated by the system and incentivizes early adopters and Frontend Operators.&#x20;

FLEX rewards will only accrue to Stability Providers — i.e. users who deposit HEXDC to the Stability Pool, frontends who facilitate those deposits.&#x20;

#### What is FLEX's max supply? <a href="#what-is-earns-max-supply" id="what-is-earns-max-supply"></a>

FLEX has a max supply of 100,000,000 tokens.

#### Is FLEX a governance token? <a href="#is-earn-a-governance-token" id="is-earn-a-governance-token"></a>

No. FLEX is not a governance token, as there is no Flex Protocol governance.

#### How can I earn FLEX? <a href="#how-can-i-earn-earn" id="how-can-i-earn-earn"></a>

FLEX is earned in two ways:

* Depositing HEXDC into the Stability Pool.
* Facilitating Stability Pool deposits through your frontend.

#### What can I do with FLEX? <a href="#what-can-i-do-with-earn" id="what-can-i-do-with-earn"></a>

FLEX holders can stake their tokens to earn the fees generated by loan issuance and HEXDC redemptions. Learn more about staking.

#### What is FLEX's distribution schedule? <a href="#what-is-earns-distribution-schedule" id="what-is-earns-distribution-schedule"></a>

FLEX's community issuance follows a yearly halving schedule, described by the following function: `32,000,000 * (1–0.5^year)`. The purpose of this issuance curve is to favorably incentivize early adopters while also maintaining incentives for the long term.

#### What are FLEX's genesis allocations? <a href="#what-are-earns-genesis-allocations" id="what-are-earns-genesis-allocations"></a>

FLEX has a max supply of 100,000,000 tokens.

| Allocation | Use                                                                                                                                                                                            |
| ---------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| 32%        | Stability pool rewards for HEXDC depositors                                                                                                                                                    |
| 9%         | Liquidity Provider rewards for FLEX/HEX, HEXDC/HEX and EARN/PLSX liquidity pools on PulseX v2 for the first 369 days after launch                                                              |
| 26%        | emitted over a 6 month period to be claimed and staked in the Flex staking pool daily for the POWERCITY CORE. Rewards will be claimed daily with 100% sent to the CORE's staking rewards pool. |
| 33%        | emitted over a 6 month period, from which you should have zero expectations of benefit or profit                                                                                               |

#### Was there an FLEX airdrop? <a href="#was-there-an-earn-airdrop" id="was-there-an-earn-airdrop"></a>

No. FLEX can be earned by depositing HEXDC into the Flex stability pool or staking liquidity pool tokens for eligible LPs.