John L | Float

Lead Researcher, Float Protocol

[John L | Float @dgnJohn]

Hot off the press. Time for a change in regards to LM imo

https://t.co/t2crZmnElN

@BalancerLabs @FloatProtocol

[Float Protocol @FloatProtocol]

Considering switching to ETH, then losing the peg...

Sounds familiar, doesn't it.

Auctions next?

[John L | Float @dgnJohn]

Make em Dutch

[Float Protocol @FloatProtocol]

Considering switching to ETH, then losing the peg...

Sounds familiar, doesn't it.

Auctions next?

[John L | Float @dgnJohn]

@0xdre_ @Blockchain_GT ☮️

[John L | Float @dgnJohn]

Looking forward to supporting the talent coming out of @Blockchain_GT and speaking to students in the near future.

[John L | Float @dgnJohn]

@ronman_chili @Blockchain_GT we rise together ser

[John L | Float @dgnJohn]

Cheers for the intro @0xManny

Feeling: bullish bullish booooolish

#Buidlwiththecommunity

[John L | Float @dgnJohn]

But ser @floatprotocol has already done it. Lol.

[John L | Float @dgnJohn]

But ser @floatprotocol has already done it. Lol.

[banteg @banteg]

rune: we should seriously consider depegging from usd

[John L | Float @dgnJohn]

Battle tested like no other.

[Float Protocol @FloatProtocol]

Float is a must have for every protocol that values decentralization and treasury diversification.

✅ Decentralized
✅ Volatility resistant
✅ Battle tested

[Float Protocol @FloatProtocol]

Float is a must have for every protocol that values decentralization and treasury diversification.

✅ Decentralized
✅ Volatility resistant
✅ Battle tested

[John L | Float @dgnJohn]

Come together.

[Float Protocol @FloatProtocol]

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]

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.

[John L | Float @dgnJohn]

I take the last two. Pls ser.

[Rune @RuneKek]

USD peg

Non-USD linked collateral

Scalability

pick 2

[John L | Float @dgnJohn]

@Keivansamani Too true.

The UK has always been a little lighter on regulation which has allowed it to punch above it’s weight financially for decades.

[Float Protocol @FloatProtocol]

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]

👑 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]

💸 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 Protocol @FloatProtocol]

🎇 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.

[Float Protocol @FloatProtocol]

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 🫵 🧵