Q1 2026 Fluence DAO Report
Total spendings by the DAO in Q1 2026
- 400,000 FLT
- 1,200,000 USD
Remaining balances at the DAO treasury account:
- 357,783,442 FLT
- 2,020,533 USDC
- 44,450 USDT
Liquidity provided for market making:
- 21,478,863 FLT
- 151,337 USD
| FLT | USD | |
|---|---|---|
| Assets | ||
| Treasury balance | 357,783,442 | 2,064,983 |
| Liquidity provisioning | 21,478,863 | 151,337 |
| P&L | ||
| Rollup Operation Returns | - | 2,814 |
| Operations | - | 1,200,000 |
| Staking rewards | 400,000 | - |
Treasury allocation
Liquidity management
Arrakis DEX pool migrated to the new version:
- Withdrawn 6,855,514 FLT and 18.12 ETH
- Deposited 9,250,000 FLT and 18.72 ETH
Total DAO liquidity managed by market makers added 6m FLT and reduced 74k USD, meaning this FLT was bought from the open market.
Rollup wind down
Withdrew 67,424 USDC (Cloudless Labs funds) from the rollup that were allocated before for user free credits top up. Funds returned to Cloudless Labs.
Withdrew 1.38506 ETH from validator and block producer nodes used for gas on L1.
Withdrew 57,559,564 FLT and 3,381 USDC (user funds) from the rollup, deposited to the migration contracts and claimable by users.
Audited Thirdweb airdrop contracts have been used for rollup migration funds distribution to users. Audit by 0xMacro.
New staking
A new staking contract is deployed and the ownership was transferred to the DAO. 400,000 FLT was deposited for staking rewards for April 2026. The amount is calculated based on the latest staking TVL on the rollup (45m FLT) and target APR 12%. Further staking rewards should be defined by the DAO proposal and deposited to the staking contract.
Audited staking contracts from Synthetix have been used without changes for new Fluence staking. Audits performed by Iosiro, 0xMacro.
Cloudless Labs
Cloudless Labs charged the DAO for 1,200,000 USD for the platform development and growth according to the original July 22, 2024 proposal.
Circulating supply
In Q1 2026 vesting for Fluence investors, team, advisors and founders was completed. Vested but not claimed FLT are accounted as “unlocked supply”. Vested and claimed FLT are accounted as “circulating supply”.
We expect to see more unlocked supply to transition to circulating and to staked supply as it became straightforward to stake on Ethereum network.
At the moment of publication:
- Circulating supply: 278,377,477 FLT (~27.8% of total supply)
- Unlocked supply: 487,222,344 FLT (~48.7% of total supply)
- Staked supply: 24.78M FLT
Protocol metrics are available live here: https://www.fluence.network/stats
Circulating supply API endpoint is available here: https://supply.kras.fluence.dev/circulating