[Company Watch] Float Protocol, $Eth Backed Soft-Peg Stablecoin

  • It’s funded by Ether, from the minting ceremony to later stabilisation process, Ether is the major payment for FLOAT
  • It’s soft-pegged, meaning it’s not pegged to $1 or a fixed fraction of $eth, but somewhere in between. For the time being, we call it soft-pegged.

Value of FLOAT

How would FLOAT target price move when $eth price changes?

The Stabillization Mechanism

The Platform Token

The Overall Design Consideration

Appendix: Notes by the founders of Float Protocol in Discord:

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