Back to Organizations
Float Protocol
Float Protocol is a decentralized finance platform offering a floating currency that tracks a basket of digital assets.
Distributed
Float Protocol
Project Links
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.TVL: $252K
Hack: Yield Aggregator Oracle Issue ($1.4M)
Chains: