Float protocol is a stablecoin that is not pegged against the USD, but against select cryptos in a basket. $BANK absorbs profit from arbitrage that is used to keep the price stable during crypto rises. $BANK gets burned when the basket (Ethereum) rises in value. Currently, farming in phase 1 requires whitelisting. Phase 2 opens March 21, 2021, open to everyone. There will be a special pool for BANK-ETH that will be incentivized for better price discovery. None of this is financial advice, DYOR. If you do buy in, do yourself a favor and "shop around" on Uniswap and SushiSwap. I noticed some substantial differences in prices and one exchange will be cheaper to buy in and give more value when you sell back into ETH.
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