FLEX EXPLAINS HOW ITS 5% CASHBACK TIER FOR FOUNDERS ACTUALLY WORKS

Summary from the TLDR Crypto newsletter

In Flex's new Elite tier, personal cashback starts at 3% and rises based on business deposits kept with Flex. $250,000 in deposits unlocks 4% cashback, and $1 million or more unlocks 5%. Flex funds the higher rewards from revenue generated on business deposits. Several $100 million-plus companies have already switched from competitors because of the structure, a rare direct link between a business banking relationship and personal rewards.