Float Protocol
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Protocol TVL
About Float Protocol
Float Protocol is the decentralised monetary system of the future. At its core is the FLOAT token, a floating stablecoin that defends purchasing power in the long-run.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Float Protocol tokenomics and on-chain capital
Float Protocol's governance or utility token carries a market capitalisation of $21.9K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($21.9K) is small relative to deposits secured by the protocol ($159.5K); a mcap/TVL multiple of 0.14× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.
Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.
Security & Audits
Protocol Profile
Float Protocol operates in the Yield category of DeFi. It is deployed on Ethereum. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
Supported Chains
Protocol Footprint
Float Protocol is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap ($21.9K) is small relative to TVL ($159.5K) — a mcap/TVL ratio of 0.14 is often read as the token being structurally undervalued versus the activity it secures.
Official Resources & Links
Verified external resources for Float Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Yield protocols on Mantapex
Float Protocol is one of 7 Yield protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Pendle, Spark Savings, Convex Finance, and 3 more. These peer protocols collectively secure $5.2B in deposits, giving you a frame of reference for whether Float Protocol's own TVL is at the top, middle, or tail of the category.
Recent Float Protocol news
Latest reporting from major crypto news outlets covering Float Protocol.
- Crypto news
Humanity Protocol tops gains as MemeCore's insider-heavy float buckles
Top‑100 crypto traded mixed today as Humanity Protocol jumped 14.5%, MemeCore slid 9.3% on 90% insider‑supply fears, and total market cap dipped 1.39% to $2.65T.
- Coindesk
CoinDesk 20 performance update: Bitcoin (BTC) trades flat while altcoins rise
NEAR Protocol (NEAR) gained 5.8% and Avalanche (AVAX) climbed 3.6%.
- BeInCrypto
Solana's Drift Floats Airdrop After $285 Million Hack, Faces Backlash
Solana-based perpetual futures exchange Drift Protocol is facing mounting scrutiny following the catastrophic $285 million exploit it suffered this week.
- Coindesk
CoinDesk 20 performance update: Bitcoin Cash (BCH) gains 1.5% as index trades flat
NEAR Protocol (NEAR), up 1.9% from Monday, joined Bitcoin Cash (BCH) as a top performer.
- Cointelegraph
Trump project floats token burning as WLFI dips 30% after launch
World Liberty Financial proposed using all protocol fees to buy back and burn WLFI tokens, aiming to reduce supply and boost holder value.
- Blockchain News
EigenLayer (EIGEN) Price Consolidates at $1.22 as Protocol Prepares for Major Token Support Upgrade
EIGEN trades flat at $1.22 with neutral RSI at 45.47 while upcoming permissionless token support could unlock new growth catalysts for the restaking protocol.
- The Block
Vitalik Buterin floats native DVT staking proposal to boost Ethereum security and decentralization
Vitalik Buterin's proposal aims to boost network resilience by integrating native DVT technology into Ethereum's staking protocol.
- NewsBTC
NBTC: THORChain Protocol Revenue Rises 100%, Why Is RUNE Struggling?
RUNE, the native token of the cross-chain decentralized exchange, THORChain, is under pressure. From the daily chart, the token is down nearly 60% from May highs and remains flat…
Related protocols
Other DeFi protocols connected to Float Protocol by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Yield protocols
Top protocols on Ethereum
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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