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Float Protocol
No substantive information about Float Protocol's operations could be found; the provided seed URL (floatprotocol.com) is currently a parked/for-sale domain page hosted by GoDaddy, containing no organizational content.
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Float Protocol
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Description
Float Protocol provides stability in decentralized finance by using a floating currency, FLOAT, which tracks a basket of digital assets instead of pegging to the dollar. It aims to protect purchasing power and reduce volatility compared to ETH, with a two-token system involving FLOAT and BANK for governance and utility.Category: DeFi
TVL: $131K
Hack: Yield Aggregator Oracle Issue ($1.4M)
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