FLEX Rewards and Distribution
What is FLEX?
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.
FLEX rewards will only accrue to Stability Providers — i.e. users who deposit HEXDC to the Stability Pool, frontends who facilitate those deposits.
What is FLEX's max supply?
FLEX has a max supply of 100,000,000 tokens.
Is FLEX a governance token?
No. FLEX is not a governance token, as there is no Flex Protocol governance.
How can I earn FLEX?
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?
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?
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?
FLEX has a max supply of 100,000,000 tokens.
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?
No. FLEX can be earned by depositing HEXDC into the Flex stability pool or staking liquidity pool tokens for eligible LPs.
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