# What is Floatless

> A mobile money app on Monad: one dollar balance, spending rules you sign, savings that earn, and a check before every payment.

Source: https://floatless.xyz/docs

Floatless is a mobile money app on [Monad](https://floatless.xyz/docs/glossary#monad), a public blockchain. You keep digital dollars, called [stablecoins](https://floatless.xyz/docs/glossary#stablecoin), in one wallet balance, set spending rules you sign yourself, protect savings goals, and earn on AUSD you aren't spending. Floatless checks every payment you make in the app against your rules before you approve it.

## Who it's for

Floatless is for people who keep their savings in digital dollars, often instead of a local currency that's losing value, and want guardrails when they spend from them. You decide how much can go out per payment and per day, and the balance Floatless won't let a payment take you below. When Floatless stops a payment, it tells you why.

You don't need to know how blockchains work. The app sets up your wallet when you sign in, and the [glossary](https://floatless.xyz/docs/glossary) explains the few new words you'll meet, like MON and network fee.

## The problems it solves

### Idle money

To spend safely, people keep cash parked in a spending balance just in case, and that money earns nothing. With Floatless you can move AUSD you aren't spending into [Floatless Savings](https://floatless.xyz/docs/floatless-savings), a Morpho vault on Monad mainnet that earns interest, and withdraw it to your wallet when you need it, as long as Morpho has the AUSD available.

### No guardrails

A crypto wallet sends whatever you tell it to. One rushed payment or one convincing scammer can empty money you meant to keep. In Floatless you set [spending rules](https://floatless.xyz/docs/spending-rules) once, sign them, and register them on Monad. Before every payment, Floatless checks your rules, your daily total and the floors on your [savings goals](https://floatless.xyz/docs/savings-goals). If something's off, you see the reason before anything is signed.

### Regulated money is locked out

Some digital dollars may only move between people whose identity has been checked. Ordinary wallets can't follow that rule, so this kind of money stays out of everyday payments. Floatless supports Cleanverse's regulated dollar, aUSDC, and asks Cleanverse to confirm both people before each payment. This runs on Monad testnet with Cleanverse's sandbox. [Regulated dollars](https://floatless.xyz/docs/regulated-dollars) explains how it works.

### Complexity

Seed phrases, network fees and failed transactions make crypto payments feel risky. Floatless signs you in with a passkey or your email, so there's no seed phrase to write down. Before you confirm a payment, it shows the most the network fee can be, and your history reads in plain words. You still need a little MON, Monad's own token, to pay network fees.

## What you can do today

- Sign in with a passkey or your email. Floatless sets up a wallet for you.
- See your stablecoins and MON added up in one **Wallet balance**, and receive money at one address with a QR code.
- Set limits for each payment and each day, plus a balance you always keep, then register those rules on Monad.
- Send digital dollars to any Monad address after Floatless checks the payment against your rules.
- Create savings goals with a protected floor that Floatless won't let a payment dip below.
- Earn interest on AUSD in Floatless Savings on Monad mainnet, and withdraw whenever Morpho has the money available.
- Look back at your payments, savings moves, new goals and rule changes in **Activity**, grouped by day.
- On Monad testnet, pay with aUSDC after Cleanverse confirms that you and the person you're paying are both verified.

## What's live on which network

|                                    | Monad mainnet, chain 143 | Monad testnet, chain 10143         |
| ---------------------------------- | ------------------------ | ---------------------------------- |
| Sign in, add money and send        | Yes                      | Yes, with test tokens              |
| Spending rules registered on Monad | Yes                      | Yes                                |
| Savings goals                      | Yes                      | Yes                                |
| Floatless Savings on Morpho        | Live                     | Labeled preview, nothing deposited |
| Regulated dollars in aUSDC         | Not listed               | Yes, with Cleanverse's sandbox     |
| Card and Apple Pay                 | Not available yet        | Not available yet                  |
| Bank transfers                     | Not available yet        | Not available yet                  |

Card and Apple Pay are waiting on a card issuer partner. [Mainnet and testnet](https://floatless.xyz/docs/networks) covers what each network is for and how Floatless keeps them apart.

## Where to go next

Floatless isn't in app stores yet. It's in private testing, and [Getting started](https://floatless.xyz/docs/getting-started) takes you from the waitlist to your first week. Before you move real money, read [Keys and security](https://floatless.xyz/docs/security) to see who can sign for your wallet, and [Fees and limits](https://floatless.xyz/docs/fees-and-limits) for what each action costs. If you'd rather check than trust, [Live proof](https://floatless.xyz/docs/proof) lists recorded transactions and [Contracts and verification](https://floatless.xyz/docs/contracts) lists every contract address.

You can also ask ChatGPT or Claude about Floatless. [Use Floatless in ChatGPT and Claude](https://floatless.xyz/docs/ai-assistants) shows how to connect your assistant to these docs.