Float Protocol, floating, low-volatility currency for Web 3.0, by a team of anonymous researchers.
FLOAT is a completely different kind of stablecoin. Instead of being pegged to one value, it is designed to 'float' over time as demand for both itself and crypto changes.
Logically, this currency should, like fiat currencies, float according to demand for both it and the economy that supports it.
FLOAT aims to have low-short-term volatility. However, over the long-term its value should increase as crypto grows, protecting the purchasing power of users in the long-run.
Backers
10+
Ivailo Jordanov
Software developer turned VC at Paper Ventures.
Sunil Srivatsa
Founder & CEO at Storm Labs.
Stani Kulechov
Founder of Aave.
MetaCartel Ventures
Crypto will rise, and it will do so with full might.
The LAO
A For-Profit, Limited Liability Autonomous Organization.
Anastasia Andrianova
Founder of Akropolis.
