Float Protocol Float(FLOAT)
Market Cap$653,939
Price$1
Total Circulating654,108
Stablecoin Information
FLOAT is a stablecoin that tracks a basket of crypto assets instead of trying to exactly match the price of a dollar.
Category:algorithmic
Minting and RedemptionIf the price of FLOAT is away from its target price, the supply is changed by minting (expansion) or buying up and burning FLOAT (contraction). This is done through a dutch auction (in an expansion) and a reverse dutch auction (in a contraction), respectively.
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | < 0.0001% | < 0.0001% | < 0.0001% | 654,108 |