Float Protocol

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Float Protocol

Float Protocol

@FloatProtocol

Floating, low-volatility currency for web3 🧙‍♂️, by a team of anonymous researchers 👨‍🎓 An auction every day.

The future انضم Ocak 2021
3 يتبع8.4K المتابعون
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Float Protocol
Float Protocol@FloatProtocol·
🔖 It's all about design. 💪 Float can endure a lot more than you might think of. ❓ How do we know? ✅ We made sure of it by rigorously simulating all kinds of market volatility including black swan events. ⛵️ It's high time you leave the pegs behind and Float safely with us
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Float Protocol
Float Protocol@FloatProtocol·
Float is a must have for every protocol that values decentralization and treasury diversification. ✅ Decentralized ✅ Volatility resistant ✅ Battle tested
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Float Protocol
Float Protocol@FloatProtocol·
Every few months we get to have an event that makes Float's fundamentals start to resonate stronger and stronger within the web3 community. There will be more of these.
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Float Protocol
Float Protocol@FloatProtocol·
Float has endured a lot of ups and downs since launch and it has since proven that its design is reliable and working flawlessly. And as we see the power and hold centralized entities have over this space, Float is once more showing the importance of being fully decentralized.
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Float Protocol
Float Protocol@FloatProtocol·
👑 The perfect collateral The value of Float fluctuates over the long term, but is very stable in the short one. This means that you can keep market exposure as Float tracks the markets and sleep without having to worry about positions back by Float. Minimal liquidation risk.
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Float Protocol
Float Protocol@FloatProtocol·
The core of web3's premise is decentralization. And yet the majority of the money legos we build and interact with are centralized. Float has been addressing this issue for over an year now. Here's how and why it matters to you 🫵 🧵
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Float Protocol
Float Protocol@FloatProtocol·
🚨 Be careful everyone - a fake telegram channel has surfaced spreading lots of fake information. Please make sure all your information is coming from our official telegram channel shared below 👇 t.me/officialfloatp…
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Float Protocol
Float Protocol@FloatProtocol·
Our @RariCapital pool just experienced effects from a weak oracle. We're looking into the issue and will update with more information shortly. Primarily protocol owned liquidity was affected.
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Float Protocol
Float Protocol@FloatProtocol·
As such we currently calculate there was 1 depositor of $25k DAI in user funds lost at this time, but are still collecting further information for a follow up proposal. 14/14
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Float Protocol
Float Protocol@FloatProtocol·
The depositors primarily impacted were Float Protocol's treasury diversification funds, FRAX AMO, and FEI PCV deposits. 13/14
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Float Protocol
Float Protocol@FloatProtocol·
Float Protocol Pool 90 on @RariCapital pool suffered effects from a lack of liquidity in the Uniswap V3 FLOAT/USDC oracle which lead to severe price manipulation. Here's a post mortem thread on what and how it happened 🧵 1/14
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