FLT will be Float's governance token.
It has not been deployed.
To incentivise balance between long and short positions in the Float Alpha deployment, the protocol issued alphaFLT or aFLT.
The rate of aFLT issuance scaled with imbalanced demand for positions in the markets.
Issuance of aFLT was deprecated from the launch of Float Arctic, however unclaimed aFLT balances can still be claimed from your Float profile.
Users will be able to redeem their aFLT balance for FLT at a reasonable conversion rate when the governance token is deployed.
The launch of FLT will be announced in the community Discord and on our social media.