Float Protocol

Crypto Native Supported openly by a basket of crypto assets. The price is stabilised via smart contract Dutch Auctions allowing for supply to be contracted or expanded as necessary. The Perfect Collateral FLOAT will always be less volatile than ETH. Using it as collateral will result in less liquidations while still remaining capital efficient. Protect your Purchasing Power Escape the great monetary inflation of fiat currencies and dollar-pegged stablecoins. Decentralised No need to trust third parties or rely on a single state’s monetary policy. Two Token System BANK captures the volatility of FLOAT, as well as capturing any speculative demand. In return, it supports the price of FLOAT in times of reduced demand. Open Governance The initial supply of BANK was issued by a democratic launch designed to achieve wide distribution across different crypto communities and to incentivise ownership by users who are active participants in other decentralised protocols. Profit through deflation Any excess demand causing the basket to overflow is used to burn BANK.