The Metaverse — On the 7th of February 2021 at 10pm UTC Float Protocol initiated its democratic launch. Float Protocol started with the belief that crypto needs its own denomination, a completely decentralised unit of account for the DeFi economy — #DeFiMoney. Today, Float Protocol is excited to announce that…
- 5 weeks since the start of the new multiplier pools
- Over $18M total value locked up
- $500k given out in rewards
- Number of exits ≤10 per pool
Hey hey, looks like a new crypto cycle is upon us in the name of NFTs. Crypto never ceases to amaze and as…
TLDR
- Treasury diversifying
- Pool Party with OHM
- New pools (incl. FLOAT-USDC)
It’s been an interesting few weeks in crypto. Whispers of stablecoin regulation and markets are moving but at FLOAT we have continued to build and spread the word. …
In short:
- New pools, New rules
- Multipliers applied to staked deposits, no 8 day unlock
- Incl. FLOAT-USDC (Uniswap v3 + Gelato, low fee)
- New BANK-only pool
Phase 4 has been a great success, we have seen over 50% of BANK locked in the Genesis pool and, almost all the $FLOAT…
Hey, just giving an update on where we are at with the Phase 4 (III) pools. Read on for details of the pools and the current status below👇.
The Float Protocol DAO engaged in fantastic discussion on the Forum and on the Discord and eventually voted on the following…
TLDR
- Basket Bags vote passed
- Treasury Diversification vote
- New pools vote
- FLOAT at target as rewards are paused for a bit
There has been a lot going on at Float Protocol since the last roundup came out. The Community has been so active on the Forum which is great to see…
TLDR
- Finalising the Treasury diversification
- Move to Scattershot vote for ETH Pegged yielding assets in Basket
- Splash page is ready to deploy
- Template code released for arbitrage bot
Shakedowns & BUIDL
There’s been a shakedown in the gulf. Those working on the Protocol are no strangers to a (mini) bear. Heads…
TLDR
- Utilising the Basket with Flash Loans & 1:1 ETH earning assets
- Auction Price Buffer Alteration
- Spreading FLOAT to other L1 / L2s
- Paul talks about DAOs in Crypto: Tel Aviv
- Treasury Diversification & Reaching out to builders in the space
- Making FLOAT more approachable (New Splash Page & Dev Docs)
- …
In short:
- Same pools, same rules
- No need to unstake or restake to continue participating
- New rewards
Phase 4 has been a great success, we have seen over 50% of BANK locked in the Genesis pool and, almost all the $FLOAT locked up accruing rewards in the FLOAT-ETH sLP pool…
FLOAT launched at the most recent ETH all-time high and has not only weathered one of the most difficult weeks in crypto since early 2018, but thrived.
- The Basket TVL has grown from 1,627 ETH on Launch day to 2,263 ETH in 2 weeks (once we return to 100% this…
