Observed arrival · 2026-09-22
The Flatcoin That Refuses to Pretend It’s a Dollar
Credibility concern recorded. The source reference remains available for verification and correction.
The Flatcoin is a live Solana token built around ZEC-collateralized vaults, an automatic redemption-rate controller, and a 2.5% pool tax.
- For
- Crypto protocol readers studying experimental stable-asset designs
- Worth noticing
- The controller is fixed at deployment; liquidation starts below 145% collateralization with an 8.5% penalty.
Field notes
The protocol frames FLAT as a collateralized debt position rather than a fiat-backed dollar substitute. Its stated control loop adjusts a redemption rate from the time-weighted ZEC/FLAT pool price, while fixed deployment parameters remove governance changes. The page also reports a 2.5% token tax distributed through the liquidity pool and describes an initial seed involving more than 15,000 ZAI. Vault interaction is exposed through wallet connection, while the documentation and risk discussion remain publicly readable.
Observed signals
Read the marks
Editorial observations of this landing page, not a rating.
One card from the complete issue