How it works

1. 1

   #Get in

   Connect a browser wallet or WalletConnect and sign in with Ethereum (SIWE). One account per wallet, no email.

   Access is invite-only for now, so the app asks for a code like MF-7KQ2XP4M. Until you redeem one, the code box is all you can use. See Access codes and referrals.

2. 2

   #Deposit USDC

   You call deposit on the vault and get usdFLOP back, 1 for 1. It stays in your wallet as the on-chain record of what you put in. You can't send it, sell it or redeem it.

3. 3

   #The GPUs go to work

   The team Safe pulls the USDC out of the vault (each move waits 24 hours on chain) and rents GPUs that mine on the FLOP network. The Statistics page in the app shows the live fleet and network numbers.

4. 4

   #Points, then FLOP

   Every 5 minutes the backend reads your usdFLOP balance and credits points. When the pool receives FLOP, it is split between depositors by points.

#Money flow

you ── USDC ──▶ Vault ── usdFLOP ──▶ you
                  │
                  └── 24h timelock ──▶ Team Safe ──▶ GPU rentals ──▶ FLOP mining
                                                                        │
you ◀── FLOP, split by points ◀─────────────────────────────────────────┘

#Moving parts