$FLOAT
Fees burn. Listings burn. Nothing is paid out.
One token with four jobs. Utility, not returns: no staking, no revenue share, no dividend.
Supply
Burned
Burned, 7 days
JOB 1
Fees burn
Every trading fee lands in the fee vault. Once a day it buys $FLOAT and burns it.
JOB 2
Surplus burns
Reserve USDC above target is swapped to $FLOAT and burned daily.
JOB 3
Listings burn
Proposing an index burns 2.00M $FLOAT.
JOB 4
Holding sets your tier
Your balance at trade time lowers your fee and raises your maximum position.
Daily burns
$FLOAT bought with fees and reserve surplus, then burned. Two transactions each, both public.
Tiers
Checked against your balance at the moment you trade.
The token
Everything about supply is on-chain and final.
Recent burns
Where the reserve’s money goes is on the Reserve page.