what's flat money?
Flat Money is a DeFi protocol that introduces Flatcoin, a synthetic asset designed for capital efficiency and enhanced purchasing power. Backed by staked rETH, Flatcoin enables users to participate in leveraged positions within the ecosystem, such as longing wrapped Bitcoin (wBTC) on the Optimism network. The project emphasizes seamless integration with layer-2 solutions like Optimism, allowing for scalable and cost-effective trading strategies. By leveraging staked ETH derivatives, Flat Money aims to provide amplified exposure to crypto assets without traditional liquidation risks associated with over-collateralization. Users can connect via the project's platform to mint, trade, or utilize Flatcoin in various DeFi applications, fostering a new form of "money" optimized for the decentralized finance landscape.
Flat money launched perpetual options on March 18, 2026.
contract
base
Launched perpetual options on March 18, 2026.
Began deprecating UNIT v1 and v2, with users instructed to withdraw funds.
Everlasting covered call options product enables LPs to supply Bitcoin and earn continuous cash flow from ongoing trader fees on non-expiring options positions. Partnership with deriveXYZ provides hedging functionality for the product.
32% weekly APY available for stablecoins in the Flat Money market on Optimism network.
Protocol launches rETH-backed UNIT deployment on Base network, providing yield generation capabilities.
Current $rETH perps funding rate at -13.5%, creating payment opportunity for long positions.
UNIT token reports +20.6% performance over the past year.
US traders gain access to UNIT token as geo-blocking restrictions are removed.
Toros launches protected leveraged tokens using new perpetual options platform; removes whitelist restrictions for broader access.
Protocol expands to Optimism network on March 25, marking entry into layer-2 scaling solution.
UNIT yield scales proportionally with TVL growth through a self-balancing dual market system that maintains delta-neutral exposure across perpetual futures markets.
UNIT token APY increases to 22%, marking 5.5% jump from June yield rates
rETH funding rate surges to 4.54% enabling 13.6% yearly returns on 3x leverage, while wBTC funding rate drops to 0.18% allowing 0.9% yearly cost on 5x leverage.
UNIT token generates 16.5% YoY yield through combined staking rewards and protocol fees.
Annual funding rate for 5x wBTC perpetuals drops to 0.22%, equivalent to $22 per year per $10,000 borrowed.
New Hampshire legislation allows Bitcoin on state balance sheets, enabling wBTC longing on Optimism.
Protocol reaches $4M TVL on Optimism within weeks of launch, demonstrating rapid adoption.
rETH funding rate on Base reaches 1.19%, creating leveraged long opportunity with reduced costs.
V2 launches on Optimism with wBTC-backed leveraged trading and enhanced limit order functionality.
wBTC integration added to ecosystem, expanding wrapped Bitcoin support.
UNIT token shows +11.22% gain over 6 months while competitor rETH falls -25.85%, exclusively available on Base.
Protocol generates revenue through multiple fee streams while using rETH backing for risk management.
Triple-digit APY available for long positions on rETH perpetuals, with token up 10% amid short-skewed market.
Negative 113% funding rate creates opportunity where perpetual traders earn yields for long positions on rETH.
Crossed $200M in total trading volume. Built on Base chain, powered by Rocket Pool's rETH.
Offers rETH leveraged trading with 2.7% yield scaling to ~10.8% APY, efficient leverage with funding only on borrowed portion, and auto-compounding staking yield.