# Q1 2026 Fluence DAO Report

**URL:** <https://gov.fluence.network/t/q1-2026-fluence-dao-report/626>\
**Category:** News & Community\
**Created:** [April 10, 2026, 12:56pm UTC](https://gov.fluence.network/t/q1-2026-fluence-dao-report/626 "2026-04-10T12:56:25Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![eponomarev](https://avatars.discourse-cdn.com/v4/letter/e/35a633/32.png) [@eponomarev](https://gov.fluence.network/u/eponomarev)\
**Post date:** [April 10, 2026, 12:56pm UTC](https://gov.fluence.network/t/q1-2026-fluence-dao-report/626/1 "2026-04-10T12:56:25Z")

</div>

# 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](https://etherscan.io/address/0x7F629403fDCC02aD83aA5debd1D4B1548982afaC):

- 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- Withdrawn 6,855,514 FLT and 18.12 ETH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](https://flt.fluence.network/chain-migration) by users.

Audited [Thirdweb](https://thirdweb.com/thirdweb.eth/Airdrop) airdrop contracts have been used for rollup migration funds distribution to users. Audit by [0xMacro](https://ipfs.io/ipfs/QmZyURZH8ZT2VbtGjVakJBw8qdM6MDKnDZD993xouaMfnG).

### New staking

A [new staking contract](https://etherscan.io/address/0x60dBDe4Bdcf2fD8D6466f67CAB26F7dc905aa179) 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](https://github.com/Synthetixio/synthetix/blob/v2.102.0/contracts/StakingRewards.sol) have been used without changes for new Fluence staking. Audits performed by [Iosiro](https://iosiro.com/audits/synthetix-spica-release-smart-contract-audit), [0xMacro](https://0xmacro.com/blog/synthetix-staking-rewards-issue-inefficient-reward-distribution/).

### 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](https://www.tally.xyz/gov/fluence/proposal/103340181706884745016691800259478351253034936931307218072631878875687060920521).

## 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.

 ![Screenshot 2026-04-10 at 3.55.02 PM](https://canada1.discourse-cdn.com/flex003/uploads/fluence/original/1X/c4ce209c68b2f5711f1af451c9853f2b501f8bae.png)

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](https://www.fluence.network/stats)**  
Circulating supply API endpoint is available here: **[https://supply.kras.fluence.dev/circulating](https://supply.kras.fluence.dev/circulating)**

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