Float Protocol · interactive mechanism simulation

Arbitrageurs watch FLOAT's market price against a slowly drifting, non-pegged target. When the gap breaches a band, dual Dutch auctions fire: expansion mints FLOAT for ETH + BANK (BANK burned, basket grows); contraction buys FLOAT back with the basket and mints BANK to cover any shortfall. Edit the parameters and watch the stabilizer respond.
Arbitrageurs watching the gap FLOAT market $1.618 vs target $1.618 Auction House Idle — within band FLOAT supply 1,000,000 FLOAT BANK token 10,000,000 BANK Basket reserve 146.4 ETH · factor 0.60
Auctions run
0
Market price
$1.618
Target price
$1.618
Basket reserve
146.4 ETH
Parameters — edit me
4
±4%
0.60
1.5
0.6/s
FLOAT supply / BANK supply
1,000,000 FLOAT
10,000,000 BANK
Controls

Illustrative simulation. Models Float Protocol's researched mechanism — a non-pegged drifting target price, dual Dutch auctions (expansion mints FLOAT for ETH + BANK and burns BANK; contraction buys back FLOAT from the basket and mints BANK to cover shortfalls) and the basket factor governing that split. Trade sizes, timing and price paths are randomized for visualization — not live onchain data. Part of The Onchain Experiment Atlas.