Every rate change, dated. Nothing quietly repriced.
Infra you depend on should not surprise you. Every pricing change Flo has ever made, with the date it took effect and the reason we made it.
- Deprecation
Discontinued: margin lending, perp rollover, and lend-to-earn
Retired the margin lending, perp rollover, and lend-to-earn products. Going forward Flo ships mint, redeem, bridge, position reads, and borrow as the core primitives. Borrow rates are now a flat 6–9% APR band across every tier and every asset class. Existing positions on the retired products are wound down per the deprecation notice sent to impacted customers.
- Reduction
Trade pricing — per-leg bps halved to 15 / 10 / 6 / 3
Per-tier trade bps are charged on each leg — once at open and once at close. Per-leg rates are halved from the prior 30 / 20 / 12 / 6 schedule to Startup 15 / Growth 10 / Scale 6 / Enterprise 3. Round-trip cost therefore drops by 50% versus the prior per-leg regime.
- New
Monthly tier floors billed via Stripe
Migrated monthly tier floor billing to Stripe (card or ACH). Self-serve upgrade/downgrade in the dashboard account page. Day-level pro-ration is automatic. The Startup tier is unchanged and remains free.
- Deprecation
Partner Points program retired; USDC payment discount retired
Retired the Flo Partner Points loyalty program and the 2% USDC-auto-debit discount. Annual prepay (10%) and the $1,000 referral credit remain.
- Deprecation
Idle balance yield removed
Retired the 4% APY on idle settlement balances. The yield was a customer-friendly optical feature but conflicted with using customer float as a Flo operational funding source and complicated the pricing narrative. Customer balances held at Flo no longer accrue yield; trade and borrow rates are unchanged.
- Reduction
Flat monthly pricing — included credit removed, floors cut ~60%
Retired the included-usage-credit mechanism and replaced headline floors with flat absolute prices: Startup $0 / Growth $999 / Scale $3,999 / Enterprise $9,999. Old floors were $0 / $2,499 / $9,999 / $29,999 with $0 / $1,500 / $6,000 / $20,000 of usage credit included. Under the new model, customers below the old credit threshold pay meaningfully less; at or above the old threshold, the total bill is identical. Integration consulting reset accordingly: Scale $1,999/mo (was $5,000), Enterprise $7,999/mo (was $25,000). Cleaner math, fewer FAQs, every price is the price.
- Reduction
Startup tier is now free — no monthly minimum
Dropped the $199/mo Startup floor to $0. Startup accounts now pay only for actual usage — trade fees, borrow spread. If your monthly usage is zero, your bill is zero. This replaces the prior commitment signal with pure usage-based pricing. Growth, Scale, and Enterprise floors are unchanged.
- Reduction
Go-live fees removed
Removed the one-time go-live fees ($100 / $500 / $2,500 / $25,000) across every tier. With every plan now on a monthly floor of at least $199, the go-live fee was doing the same commitment-signal work twice. Signing up and shipping to production is now zero setup cost — just your tier floor from day one.
- New
Pricing v2 — tiered floors, open-loaded trades, idle-balance yield (historical)
Moved from auto-step-down to month-to-month tier floors (Startup $199 / Growth $2,499 / Scale $9,999 / Enterprise $29,999+). Introduced tiered rates across five fee streams, including products that were later retired (see 2026-04-21 entry). Trade cost at that time was open-loaded — close was $0. Added $100–$25,000 go-live fees. Any USDC balance kept with Flo earned a flat 4% APY, paid daily. Stackable discounts included: 2% USDC pay, 10% annual prepay, $1,000 referral credit.
- Deprecation
Retired: marginal-step-down and free $10k allowance
Retired the marginal-step-down model and the flat $10k/mo free allowance in favor of explicit tier floors with included usage credits. Retired the 5% dev-fee rev-share credit. Existing customers were grandfathered at their current effective rate for the remainder of their month; all new signups are on v2.
- New
Tiered step-down, free allowance, developer-fee credit (superseded 2026-04-17)
Introduced four-tier marginal pricing (5 → 4 → 3 → 2.5 bps across $100k / $10M / $100M monthly thresholds). First $10k/mo of Flo settlement fees is now zero for every workspace. Every $1 collected via developer_fee now returns 5¢ of Flo bill credit. No customer pays more than before.
- New
Borrow pricing published (Lend retired 2026-04-21)
Borrow: utilization-curve APR + 25 bps origination, waivable into developer_fee. Live at /v1/borrow/rates. Lend originally shipped alongside borrow on the same date but was retired on 2026-04-21.
- New
Premium add-ons unbundled
Gas sponsorship ($0.002/tx), sub-1s mint lane (+5 bps), NAV push oracle ($99/mo per asset class), corporate actions feed ($199/mo per key), extended webhook replay ($49/mo per key), 99.99% SLA (enterprise).
- Clarification
Failed mints and redeems: $0
Clarified in the fee schedule that any terminal failure costs zero. No partial charges, no idempotency-key surcharge. Tokens are automatically re-minted if a redeem burn lands but the payout later fails.
- Reduction
Bridge is now free (gas at cost)
Removed Flo's 2 bps bridge fee. LayerZero and destination gas are still pass-through. Motivated by a single cross-chain integration partner whose volume made the fee friction outweigh revenue.
- New
Developer fee collection
Shipped built-in developer_fee on mint, redeem, and borrow. Charge your users any bps on top; Flo routes to your wallet daily in USDC / USDT, minimum $10 settlement. No fee-plumbing code to write.
- New
Real-time market data SKU
Real-time market data available as a paid SKU at $199/mo per key, above the free 15-min delayed tier. Prices pegged to the underlying venue's fee schedule.
- Reduction
Reads and streams: free and unlimited
Removed rate limits and fees on all position-read endpoints. NAV, yield, position history, streaming webhooks are now unlimited on every tier including sandbox.
- Launch
Flo public pricing — cost + 5 bps
Initial launch pricing. Flat 5 bps on mint and redeem with full pass-through on cost components. No seat licenses, no platform fees, no minimums.
Our commitment
Flo will never silently reprice an account. Every rate change is announced 30 days in advance for live accounts, and never applied retroactively. Reductions take effect immediately, increases never in the middle of a commit term.