Float
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Protocol TVL
About Float
Float allows you to get perpetual, leveraged exposure to any crypto asset, without worrying about liquidations or managing debt positions.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How Float's TVL is measured
DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.
Gets the tokens on markets
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Protocol Profile
Float is a Derivatives protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed across 2 chains, including Polygon, Avalanche. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
TVL spans 2 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Float operates on 2 networks (Polygon, Avalanche), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Polygon, which holds 89% of all assets — other deployments are comparatively small. Price discovery relies on 2 oracle providers (Chainlink, RedStone), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.
Official Resources & Links
Verified external resources for Float — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Derivatives protocols on Mantapex
Float is one of 7 Derivatives protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Jupiter Perpetual Exchange, Hyperliquid HLP, Drift Trade, and 3 more. These peer protocols collectively secure $2.3B in deposits, giving you a frame of reference for whether Float's own TVL is at the top, middle, or tail of the category.
Recent Float news
Latest reporting from major crypto news outlets covering Float.
- Crypto Briefing
Saylor floats selling Bitcoin to pay dividends as Strategy hoards $4.6B in gains
Saylor's strategy could redefine corporate treasury management, balancing Bitcoin sales for dividends with long-term asset accumulation. Saylor floats selling Bitcoin to pay…
- AMBCrypto
SIREN floats below local resistance as bears take control
The higher and lower timeframes' price action signaled that SIREN was in the hands of bears.
- Coinspeaker
US Senators Float Reserve-Backed Bitcoin Mining Bill, Raising Nationalization Prospect
Senators Float Reserve-Backed Bitcoin Mining Bill
- The Block
Celo floats one-time 160 million token grant to Opera to strengthen longterm alliance
In 2023, Celo voted to pay quarterly CELO grants to Opera to fund its deployment across the web browser's Mini App ecosystem.
- Dailycoin
Analyst Floats $18K XRP Scenario Using Bank-Style Valuation Model
Levi just revived a controversial XRP valuation thesis based on a bank-style discounted cash flow model from Valhil Capital.
- The Block
Bitcoin floats near $70,000 as dollar strength and oil volatility pressure risk assets: analysts
Following an initial pullback, bitcoin rose toward $70,000 as oil volatility and a stronger U.S. dollar pressured risk assets.
- Dailycoin
Analyst Floats Radical Idea: XRP Rails Are Solving U.S. Debt
XRP could shift from a speculative token to the “invisible plumbing” of a new global settlement system.
- The Block
Tether floats $5 billion raise after investor pushback on $500 billion valuation target: FT
Tether advisors have floated a $5 billion raise, down from $20 billion, after investor resistance to a $500 billion valuation, per the FT.
Related protocols
Other DeFi protocols connected to Float by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Derivatives protocols
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Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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