Fluent

What is Fluent?

Fluent is a platform agnostic, two-layer product that integrates with core banking to create USD+ and secure its long-term stability and value.

In order to mint and burn USD+, a Federation Member Bank uses the Fluent Network (F-Net), a vertically integrated private interbank settlement system. F-Net acts as the bridge between core banking and the USD+ smart contracts on the public blockchain. Fluent’s private and public layers connect legacy banking to digital finance — enabling new revenue streams and product offerings for traditional institutions.

1

Allows Federation Member Banks to issue a provably backed, price-pegged stablecoin (called USD+).

2

F-Net is a vertically-integrated private interbank settlement system. Together, these layers act as a technological bridge, connecting legacy banking systems and digital finance.

USD+

USD+ is a public stablecoin created by Federation Member Banks. The Fluent protocol allows approved Federation Member Banks to mint and burn USD+ based on US Dollar receipts as well as reserves and collateral.

The Fluent Federation individually determines a federated bank’s cash-liquidity requirements and traditional financial asset reserves by strictly regulating and scoring each member bank based on their size, performance and overall risk. By establishing a Fluent Score for each Federation Member Bank and ensuring 1:1 crypto-to-fiat conversion, USD+ becomes the world's most trusted stablecoin.

Under the Hood:

A Brief Look at Fluent's Inner Workings

What is F-Net?

The Fluent Network (F-Net) is a private Corda network for the Fluent Federation that significantly lowers the operational costs of Federation Member Banks by facilitating standardization, auditability and settlements between Federation Member Banks.

F-Net serves as the bridge between the core banking systems of Federation Member Banks and the USD+ smart contracts that exist on the public blockchain.

The Fluent DAO

Operated on a proposal voting system and consisting of all stakeholding entities within the Fluent public protocol, the Fluent Decentralized Autonomous Organization oversees all matters related to policies such as protocol updates, federation membership and revenue distribution.

The Fluent DAO serves as the trustee of all on-chain collateral held to maintain the 1:1 peg, allowing for participants to help ensure USD+ integrity by providing assets which can be liquidated in the unlikely event of a member bank’s insolvency. The DAO is also funded directly by a percentage of the network fees  (minting and burning) generated by USD+ and can dictate the use of off-chain funds stored in the DAO Treasury through a non-profit entity called Fluent Federation Corp.

Fluent Federation Tokens

USD+, FLNT & BANK

USD+

USD+ is the bank-led public stablecoin, with Federation Member Banks serving as the primary entry and exit points for US Dollars. Each minting and burning transaction generates a small fee, paid to Federation Members and the Fluent DAO Treasury.

FLNT

FLNT (ERC-20) is the Fluent DAO governance token which grants voting rights on new DAO proposals that can affect fees, reserves and other policies.

sFLNT

FLNT tokens can be staked (sFLNT) in order to generate rewards for supporting the Fluent Network and USD+ reserves. Fees collected by the DAO Treasury in excess of reserve requirements can be used to buy back FLNT from the open market, which are redistributed as sFLNT to current sFLNT holders on a pro rata basis.

BANK

The Banking Authority Node Key (BANK) token is an NFT issued exclusively to Federation Member Banks. Each bank receives a single token which represents a single vote on Federation matters such as compliance, new membership, the freezing and seizure of accounts, and the revocation of Federation membership. The BANK token is necessary to operate a Fluent protocol banking node (which is one of the requirements for minting/burning USD+).

Federated custody
Federated custody
Hybrid public/private setup, with roadmap to deploy on multiple chains
Hybrid public/private setup, with roadmap to deploy on multiple chains
Compatibility with Central Banking Digital Currencies
Compatibility with Central Bank Digital Currencies
Built-in digital identity standards
Built-in digital identity standards
Fully backed 1:1
Fully backed 1:1
Multi-chain to corebanking bridging De-Fi with traditional finance
Multi-chain to corebanking bridging De-Fi with traditional finance
Transparent on-chain audits in real time
Transparent on-chain audits in real time
Crypto-economic incentives focused on stability
Crypto-economic incentives focused on stability
High transaction rate per second
High transaction rate per second
Multi-tier risk management system to ensure stability
Multi-tier risk management system to ensure stability
Compatibility with smartcontracts that increase automation and reporting capabilities
Compatibility with smartcontracts that increase automation and reporting capabilities
Eliminates intermediaries and inefficiencies in the crypto-to-fiat process
Eliminates intermediaries and inefficiencies in the crypto-to-fiat process