Since July 16th you've been able to participate in the FLT Stake Race - a competition for a share of over 1 million FLT in prizes, as well as a chance to become one of the first to stake FLT in the largest decentralized serverless platform. Thanks to everyone who joined the race so far!

Here are the answers to some of the most frequent questions we've received from you.

What is the FLT Stake Race?

The FLT Stake Race is a competition designed to onboard users into the Fluence protocol and promote decentralized web computing. Participants compete in two laps, "The Ignition" and "The Final," to stake FLT tokens on providers' hardware and earn rewards. The race will attract developers and delegates, offering staking rewards and unique opportunities to earn exclusive NFTs.

The event runs from July 16 with weekly and all-time rewards for top performers. Lap 1, The Ignition, runs from July 16 to August 20. Lap 2, The Final will take place in September.

Join the race, complete quests, invite friends, and get your share of 1 million FLT prize pool!

Is it too late to join the Stake Race? 

It's never too late to join the FLT Stake Race!

Regardless of when you enter, there are plenty of opportunities to earn rewards. Weekly prize pools of 10,000 FLT are available for the top 20 gainers, ensuring that new participants always have a chance to win. Additionally, completing quests and participating in ongoing tasks can still earn you rewards and exclusive NFTs.

Jump in anytime and start competing for your share of the prizes!

What are the rewards for participating in the FLT Stake Race?

The rewards for participating in the FLT Stake Race include:

All-time Top 100 Racers: Share of 1 million FLT.

Weekly Top 20 Gainers: 10,000 FLT weekly prize pool.

Exclusive Staking Access NFTs: Granted to the all-time top 1,000 participants, providing early staking access and additional rewards.

How are the prizes distributed?

The prizes for the FLT Stake Race are distributed across two laps, each with a 500,000 FLT prize pool.

• Top 1: 20% of the lap's pool 
• Top 2-5: 20% of the lap's pool 
• Top 6-10: 15% of the lap's pool 
• Top 11-20: 15% of the lap's pool 
• Top 21-50: 15% of the lap's pool 
• Top 51-100: 15% of the lap's pool 

Additionally, 10,000 FLT is awarded weekly to the top 20 gainers. 

Lap 1, The Ignition, runs from July 16 to August 20

Lap 2 runs in September, dates TBD

Prizes will be distributed at the end of each lap, after August 23rd.

Is the Stake Race available only for the FLT token holders? 

Yes. To take part in the race and to compete for WL spots, you must hold FLT. You must hold FLT to stake FLT.

What does “whitelisting” mean?

Whitelisting in the context of the FLT Stake Race means being approved to participate in staking FLT tokens on the network. Since staking slots are limited by the number of CPU cores available, participants must compete to get whitelisted. Being whitelisted allows you to be among the first to stake and earn FLT rewards, ensuring you have access to the platform’s staking opportunities as the network gradually expands.

When will the prizes be distributed? 

All prizes, including the weekly prizes, will be distributed at the end of each lap. We take weekly snapshots to ensure that all the winners for the weekly prizes are rewarded at the end of each lap. 

Are the prizes subject to vesting? 

Yes, the prizes (excluding the weekly prizes) are subject to a vesting period. The vesting terms specify a 3-month linear vesting period. 

Note: Unvested FLT cannot be staked.

When does the week reset? 

The week resets every Sunday at midnight. 

How does the weekly reward rotation work and why is it implemented?

While we will continue to reward the top 20 gainers on the leaderboard each week, the weekly reward rotation ensures that the same users aren't rewarded repeatedly. Instead, if a participant has already won in a previous week, the next user with the most points will be selected. 

This approach encourages all participants to keep striving and participating, as it provides everyone a fair chance to earn rewards for their efforts.

Can I participate with several accounts? 

You should only participate with one account. We are always filtering for people who create multiple accounts to participate in the race. We make sure that we are not rewarding sybil accounts at the expense of genuine accounts putting effort in the race.

For users whose tasks are marked as failed after the deadline, is there a possibility for them to have another chance to complete or resubmit their tasks?

Users can submit the proof of work tasks - as it’s a weekly task, they can resubmit after a week has passed.

When can I get more direct support on the stake race? 

You can join our Discord channel and ask any questions related to the Stake Race in the channel: #flt-stake-race 

Staking

What is Fluence? 

Fluence is a DePIN-powered cloudless computing platform that frees computation from centralized clouds by offering natively decentralized, low cost, and verifiable compute. Learn more here: https://fluence.network/

What is staking? 

Staking is a way for people to lock up their digital assets in order to secure the network and earn rewards for providing this security. With FLT staking, Fluence takes this model to the next level.

How is FLT staking different from other staking opportunities out there?

FLT staking is integral to securing the compute resources on the Fluence platform; staking enables Fluence’s decentralized, verifiable compute resources. Compute providers can add CPU resources to the network, but ONLY your stake can activate these resources, providing trust and ensuring capacity and work execution. The computation rewards are shared with you in FLT for supporting the compute resources. 

How much money can I make by staking FLT?

The final earnings are determined by several factors, including the reward delegation rate determined by the compute capacity provider 

For example, you can earn $1200 per year by staking $12000 per 64 core CPU with 20% delegation rate.

If compute providers decide the % of the rewards they want to share, how do I make sure that my interests are aligned?

You choose what CPU you want to stake, and you know the revenue share percentage ahead of time. Providers can’t go live without stakers, and they are incentivized to set higher rewards to be chosen, and they can not change the delegation rate once a contract has been started.

We hope this clarified most of the questions you've had - in case of any doubts, please feel free to ask in the dedicated discord channel. We will get back to you as soon as possible. Enjoy the race!