# Spree Finance

Brands and protocols use Spree to convert stablecoins into programmable loyalty infrastructure.

### For Web3 Ecosystems

DeFi protocols, wallets, and gaming platforms spend millions on airdrops. Average 30-day retention from those airdrops is below 5%. Mercenary capital claims rewards and exits.

Spree replaces airdrops with conditional rewards (Pending SP) tied to on-chain actions: TVL holds, swap volume, staking duration. In pilots, this approach has reduced budget waste by 35% or more compared to unconditional token distributions.

**Products for Web3:**

* **Pending SP (pSP)** for conditional rewards with budget recycling
* **Bonus Rewards** for optional revenue sharing with users
* **Status and Tiers** for loyalty programs with TWAB-verified holding
* **SP Lending** for borrow-against-loyalty flows via Morpho Blue

### For Brands and Commerce

Traditional loyalty SaaS costs $500K to $2M upfront, plus $200K to $1M in implementation, and takes 6 to 18 months to deploy. Most brands never see positive ROI.

Spree charges $0 upfront. Brands fund campaigns with stablecoins and pay fees on redemption. A ticketing company processing 23 million tickets per year or a hospitality chain with regional properties can launch a loyalty program in weeks instead of quarters.

**Products for Brands:**

* **Branded SP** for whitelabeled loyalty tokens (e.g., FLY Points, EVENT Rewards)
* **Pending SP (pSP)** for conditional rewards (purchase confirmation, event attendance)
* **Boost Engine** for tier-based reward multipliers

### How It Works

1. **Deposit stablecoins.** A brand or protocol deposits USDC (or another supported stablecoin) to mint SP at a 1:1 rate.
2. **Create campaigns.** Configure reward conditions: hold SP for 30 days, attend an event, complete a swap. Fund the campaign with SP.
3. **Distribute Pending SP.** Users receive pSP tokens representing conditional rewards. Conditions are enforced on-chain.
4. **Settle or recycle.** When users fulfill conditions, pSP converts to SP. Unfulfilled pSP expires and the budget recycles back to the campaign.

### Fee Schedule

| Operation                | Fee   |
| ------------------------ | ----- |
| Mint SP from stablecoins | 0%    |
| Convert SP to Branded SP | 0%    |
| Convert Branded SP to SP | 0.25% |
| Distribute pSP           | 0.20% |
| Finalize pSP (settle)    | 0.20% |
| Redeem SP to stablecoins | 0.50% |

### Get Started

* [Why Spree?](https://github.com/Spree-Finance/spree-docs/blob/main/about/quickstart/README.md) for the full rationale
* [Products](https://spree-finance.gitbook.io/spreefinance/products/products) for the product index
* [How It Works](https://spree-finance.gitbook.io/spreefinance/how-it-works/design) for architecture and contracts


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://spree-finance.gitbook.io/spreefinance/readme.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.