Synthetic Asset Protocol Float Capital Closed $5 Million Seed Round with Alameda Research and Others

Float Capital, a synthetic asset protocol, has closed a $5 million seed round with participation from Alameda Research, Maven 11, IDEO CoLab Ventures and others. Float Capital builds peer-to-peer, yield enhanced on-chain asset markets that allows users to mint assets in a matter of clicks, without the need for over collateralisation or the risk of liquidation. The protocol launched Alpha version last September and was deployed on Avalanche and Polygon. An Alpha Ghost version of the protocol is said to be coming soon.