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
How does FLOAT protocol know what the prices are?
When do we stabilise the price?
How does the protocol stabilise the price of FLOAT?
How does an expansion work?
Expansion Example
How does a contraction work?
Contraction Example
How Basket Factor and BANK is affected by stablisations
Long Term Stability: Auctions
ELI5: Auctions
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
Be a part of something big
Join us
Build
Govern
Educate
Contracts
Ethereum Mainnet
Polygon Mainnet
Website/socials
Links
Democratic Launch and Distribution
Why a Democratic Launch
BANK distribution schedule
Community Distribution
Team tokens
Treasury
Post-launch liquidity incentives
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How does FLOAT protocol know what the prices are?
To make stabilisation adjustments, Float Protocol needs to know the price of FLOAT, BANK and ETH.
To do this, we use the following: ETH-USD feed on Chainlink to get the ETH price, FLOAT-ETH TWAP (time-weighted average price) from Sushiswap to know the FLOAT price in terms of ETH. Lastly, BANK-ETH TWAP from Sushiswap to know the BANK price in terms of ETH.
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Stabilisation Mechanism
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When do we stabilise the price?
Last modified 9mo ago
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