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Risks

Read this before launching, buying or holding a Float coin.

Markets

  • Coins are highly speculative. You can lose everything.
  • Site prices and stats can be delayed or wrong. Check on-chain data for anything that matters.

Paired tokens

  • Tokenized stocks are issued by third parties, who can pause, move or burn tokens and change transfer rules. Trading and rewards stop while an issuer pauses.
  • Float is not affiliated with or endorsed by the companies behind the stocks. Coins are not shares.
  • Some pre-IPO tokens charge transfer fees: 1% (PreStocks) and 0.2% (Tessera). The fee applies to payouts and swaps too.
  • ZEC and XMR on Solana are bridged tokens. XMR pools are thinner, so large trades move its price more.
  • xSOL, XBTC and XHYPE are leveraged Hylo tokens that move several times more than their underlying assets. XBTC and XHYPE lack a Raydium pool into SOL or USDC, so their buyback and airdrop shares wait in vaults until one exists.

See Pairs.

Smart contracts

  • The Float program has not been audited.
  • Upgrade authority over the Float program is held by the team's deployer key, until it moves to a multisig. An upgradeable program can be changed.
  • Float builds on Raydium LaunchLab, CPMM and Burn & Earn. Their risks apply too.

Check the program's current upgrade authority yourself on Solscan, or with the Solana CLI:

solana program show 3KguFi7YYzLgttG46fRism16CfcuNCkDh6U7td9JTqxX

Fee cycling

  • Fee cycling uses a price guard, but a trader can capture up to about 2% of a swap by moving the price beforehand.
  • Some tokens are swapped only by the payout bot on older Raydium pools.

See Fee cycling.

Other apps

  • Other apps can launch coins on Float's LaunchLab fee tiers, but those coins don't get Float's split or rewards. A coin's LaunchLab platform_config being Float's does not mean it was launched on Float.

This repository

This is an unofficial community project. The SDK and CLI are provided as-is, under the MIT license and with no warranty. Always simulate transactions before sending them. The CLI simulates by default.