Float Capital

In fancy terms, Float Capital is a peer-to-peer, yield-enhanced, floating asset exposure mechanism.

Put simply, Float is the easiest and safest way for users to buy magic internet assets. Users do not need to worry about over-collateralization, or suddenly getting liquidated.

Float is a novel protocol, creating an efficient magic internet asset marketplace, governed entirely by code, allowing anyone around the world to get involved.

The vision of Float is to provide decentralize and trustless exposure to various asset classes. Traditional financial markets are often complex, opaque and geographically separated, making it difficult for the average user to hold a diversified basket of assets. Further, traditional markets encompass layers of various services providers, all carrying subtle yet significant fees, tending to erode a large amount of the end-users investment returns.

Smart contracts allow for trustworthy and efficient coordination of a financial system where the user’s exposure to various assets can be built in a peer-to-peer marketplace.

Exposure to the underlying synthetic asset can 'float'. The protocol provides strong economic incentives, through algorithmic adjustments based on market demand and supply of positions, to ensure the synthetic asset closely tracks the value of the underlying asset. Some parallels can be drawn between how algorithmic stable coins incentivize a price target, and how our synthetic assets incentivize an exposure target to the underlying asset class. Allowing synthetic asset exposure to 'float' allows the liquidity and universe of synthetic assets to radically scale without the typical constraints of overcollateralization.