Hot off the press. Time for a change in regards to LM imo
forum.balancer.fi/t/bip-xx-enabl…
@BalancerLabs @FloatProtocol
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John L | Float
862 posts
John L | Float
@dgnJohn
Lead Researcher, Float Protocol
Yellow Submarine เข้าร่วม Nisan 2021
141 กำลังติดตาม432 ผู้ติดตาม
John L | Float รีทวีตแล้ว
Considering switching to ETH, then losing the peg...
Sounds familiar, doesn't it.
Auctions next?
banteg@banteg
MakerDAO is considering a $3.5 billion ETH market buy, converting all USDC from the peg stability module into ETH.
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Looking forward to supporting the talent coming out of @Blockchain_GT and speaking to students in the near future.
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Cheers for the intro @0xManny
Feeling: bullish bullish booooolish
#Buidlwiththecommunity
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But ser @floatprotocol has already done it. Lol.
banteg@banteg
rune: we should seriously consider depegging from usd
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John L | Float รีทวีตแล้ว
Float is a must have for every protocol that values decentralization and treasury diversification.
✅ Decentralized
✅ Volatility resistant
✅ Battle tested
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John L | Float รีทวีตแล้ว
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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I take the last two. Pls ser.
Rune@RuneKek
USD peg Non-USD linked collateral Scalability pick 2
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@Keivansamani Too true.
The UK has always been a little lighter on regulation which has allowed it to punch above it’s weight financially for decades.
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Golden opportunity for the U.K.
Lefteris Karapetsas@LefterisJP
We are mad at the US sanctioning @TornadoCash addresses. Wait till Europe, the "leader in regulation" takes a sniff of this. Can already see them planning a package to outdo the Americans Unhosted wallet touching tornado? Banned. Any link to tornado? Banned. Sky is the limit!
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John L | Float รีทวีตแล้ว
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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John L | Float รีทวีตแล้ว
👑 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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John L | Float รีทวีตแล้ว
💸 Float doesn't have a peg
Markets are extremely volatile and outside inflation means pegging introduces a lot of risks.
Hence, Float's value was designed be a representation of both the value of its collateral and the interest in holding the asset itself.
No peg is the way.
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John L | Float รีทวีตแล้ว
🎇 Float is fully decentralized
Float was designed to be web3 money - a decentralized currency, backed by a basket of assets that could not be manipulated.
Think of what happens to other stablecoins if their centralized collateral gets frozen.
Float is immune to that.
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John L | Float รีทวีตแล้ว
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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