Float Protocol

@FloatProtocol· about 3 years ago

Considering switching to ETH, then losing the peg... Sounds familiar, doesn't it. Auctions next?

Float Protocol

@FloatProtocol· about 3 years ago

Float is a must have for every protocol that values decentralization and treasury diversification. ✅ Decentralized ✅ Volatility resistant ✅ Battle tested

Float Protocol

@FloatProtocol· about 3 years ago

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.

Float Protocol

@FloatProtocol· about 3 years ago

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.

Float Protocol

@FloatProtocol· about 3 years ago

👑 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.

Float Protocol

@FloatProtocol· about 3 years ago

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 🫵 🧵

Float Protocol

@FloatProtocol· about 3 years ago

RT @DeepDAO_io: 🥁Float Protocol (@FloatProtocol ) is now listed on https://t.co/s4S2fUscgP🥁 📍Treasury: $756k (#100) 📍Members: 3.2k (#90) We welcome the @FloatProtocol community to DeepDAO😇 Check out the listing here: https://t.co/sjFp5mEVM7 https://t.co/vneA8TuDyu

Float Protocol

@FloatProtocol· about 3 years ago

🚨 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 👇 https://t.co/Z2kT4yGLHu

Float Protocol

@FloatProtocol· about 3 years ago

Always on the lookout for talented devs!

Float Protocol

@FloatProtocol· over 3 years ago

The legendary @el33th4xor basically describing what Float is and why it matters for the web3 economy

Float Protocol

@FloatProtocol· over 3 years ago

🔖 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 https://t.co/pBuT816oee

Float Protocol

@FloatProtocol· over 3 years ago

The results from our 2nd audit performed by @CertiKTech are in! Spoiler alert - it's all good 👍 If you want to know more, check our medium post below 👇 https://t.co/FjKV8ZDRI4 https://t.co/IIRbaFJUyU

Float Protocol

@FloatProtocol· over 3 years ago

@RariCapital https://t.co/9g501vA4qL

Float Protocol

@FloatProtocol· over 3 years ago

The depositors primarily impacted were Float Protocol's treasury diversification funds, FRAX AMO, and FEI PCV deposits. 13/14

Float Protocol

@FloatProtocol· over 3 years ago

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

Float Protocol

@FloatProtocol· over 3 years ago

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

Float Protocol

@FloatProtocol· over 3 years ago

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.