What Float is
Long or short the skin market. No Steam account.
Knives, Coverts, the whole market. One token. No custody.
Float lets you take a position on the price of the skin market without owning a single skin. A keeper prices market-wide indexes from public venue data every minute and posts the level on-chain. You open a fully collateralised position in USDC, long or short, and the protocol's reserve takes the other side. One token, $FLOAT, has four jobs, and none of them pays anyone out.
What you can trade
| Index | What it tracks |
|---|---|
| KNIFE | The 25 most traded knives |
| RED | The 50 most traded Covert guns |
| MARKET | The 500 most traded items, cases and stickers included |
| CASE | The 20 most traded weapon cases (week 2) |
| GLOVE | The 15 most traded gloves (week 3) |
What Float is not
- Not a place to buy or sell skins. You never hold, send or receive an item.
- Not leverage. A long posts its full size; a short posts twice its size.
- Not an income product. $FLOAT is never paid out to holders.