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

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

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 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.

👑 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 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.

🎇 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.

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 🫵 🧵