The Float token is the governance token for Float Capital.
Float tokens are earned through staking any Float synthetic token in our token contract.
The amount of Float earned is a function of the length of time and value staked, whether you are staking good liquidty or bad liquidity, amongst other parameters elaborated on in our whitepaper (Coming soon).
The design of this emission schedule ensures that the Float token supply is only increasing as increasing amounts of liquidity are locked in the protocol over time. I.e. the supply of Float is designed to grow with the size of the protocol.
Float token holders will govern important protocol decisions such as fee parameters and deciding which new synthetic markets to create.
Protocol fees and interest generated on underlying protocol collateral will also be used to purchase Float off the open market, creating price support for the Float token.
Please see the whitepaper (Coming soon), and get your maths brain ready, to understand in detail how we designed the emission schedule of the token to benefit users the most in the long term.