"The first of 24 monthly FLOCKS distributions for Flamingo's Asset Support Initiative have been sent.
These FLOCKS are given to support those who held f- and p-assets and were affected by the Poly Network exploit in August 2024.

https://explorer.onegate.space/transactionInfo/0x7adec8ccfeacb795e337f09dcd5bdc961335f39ca383b0dc6a2d9faa731f0cf7

You can read the Asset Support Initiative article we published after the exploit happened last year here:

https://medium.com/flamingo-finance/poly-network-bridge-exploit-and-the-asset-support-initiative-c80c636255bb"


Also, I asked the team about the different income (fees) for FLOCKS:

100% of all trading
66% of all interest on Lend
66% of all margin maintenances fees
5% of minting
x% of all new stuff like fees from the new cross-chain

And 25% of all the FLOCKS income go to buy back and burn FLM