Float is a DeFi derivatives protocol that enables peer-to-peer markets for tokenized long and short leveraged positions without liquidations, margin maintenance, or collateralized debt positions. Float's Twitter Score is 24 out of 1000 as of July 2026, ranking #46,985 (top 10%) among 531,432 tracked accounts.
Float was co-founded by Jonathan "JonJon" Clark, Denham Preen, and Jason Smythe. The protocol's Alpha launched on Polygon mainnet using Chainlink Price Feeds, before the team moved development toward Arbitrum for its v2 iteration, named Arctic. Arctic incorporated Gelato automation and RedStone price data, and the project ran a free testnet competition on Arbitrum Goerli. The earlier Sailing Club Alpha is now listed as deprecated on the project's website, and the team has stated there is no live Float deployment and no Float token.
Float raised $5M to fund continued development of its DeFi primitives. Backers have included Maven 11, IDEO CoLab Ventures, MetaCartel Ventures, Daedalus, Morningstar Ventures, 6th Man Ventures, BENQI Finance, Encode Club, NEMO (DegenScore), Paribu Ventures, Raba, Fire Eyes DAO, CV VC, Tendex GmbH, Ascensive Assets, and Contango Digital. Alameda Research was also a former backer. Float was previously affiliated with Olympus DAO.
Float has been active on Twitter since 2021, accumulating 9,979 followers as of July 2026 and 1,710 posts. The account has been mentioned by 24 accounts, with 47 total mentions.
Who follows Float on X?
The accounts that follow Float include 75 founders, 39 angel investors, 60 influencers and 11 VCs. Among them are Andy, 0xMaki, Avalanche, mikedemarais.eth, DCF GOD and Size Chad.