Float Protocol
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Float Protocol
Float Protocol
What is Float Protocol?
Overview
A non-pegged stablecoin
Denominating crypto in crypto
Team
learn
FLOAT token
BANK token
Stabilisation Mechanism
Glossary
Benefit with FLOAT
Earn yield on your FLOAT using Rari Fuse
Obtain slippage free BANK
Why FLOAT lets you sleep at night
Making money from Dutch Auctions
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Build
Govern
Contracts
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Polygon Mainnet
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Links
Democratic Launch and Distribution
Why a Democratic Launch
BANK distribution schedule
Community Distribution
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Post-launch liquidity incentives
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BANK token
🏦 Are you ready to become a BANKster, anon?

What is BANK token?

BANK is a token that serves three purposes:‌
  1. 1.
    To take the profit created in times of excess demand for FLOAT.
  2. 2.
    To sometimes support the price of FLOAT in times of too little demand.
  3. 3.
    Governs the Float protocol.

What affects the price of BANK?

In general, BANK's price is affected by stabilisations in the FLOAT price. For instance, if the price of FLOAT is too high, this excess demand is captured and transferred to BANK. Similarly, if the price of FLOAT is too low, BANK is used to support the FLOAT price.
More detail is available in the next section.
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FLOAT token
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Stabilisation Mechanism
Last modified 4mo ago
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Contents
What is BANK token?
What affects the price of BANK?