Float Protocol is a floating, low-volatility currency for web3 with staking features. Key features of Float Protocol:

• Crypto Native. Supported openly by a basket of crypto assets. The price is stabilized via smart contract Dutch Auctions allowing for supply to be contracted or expanded as necessary
• Protect your Purchasing Power. Escape the great monetary inflation of fiat currencies and dollar-pegged stablecoins
• Decentralised. No need to trust third parties or rely on a single state’s monetary policy
• Two Token System. BANK captures the volatility of FLOAT, as well as capturing any speculative demand. In return, it supports the price of FLOAT in times of reduced demand
• Open Governance. The initial supply of BANK was issued by a democratic launch designed to achieve wide distribution across different crypto communities and to incentivize ownership by users who are active participants in other decentralized protocols
• Profit through deflation. Any excess demand causing the basket to overflowing is used to burn BANK.