Float Rush: community liquidity for faster payments
1Summary
Float Rush is a partnership program built on a liquidity pool on Polygon. The community deposits dollar stablecoins into the pool. The pool's liquidity covers users' cash-outs and withdrawals on Rushdaq and keeps payments to affiliates and to the operation on time. These movements generate fees and revenue for Rushdaq, and 10% of the revenue goes to the pool, split among depositors in proportion to their balance over time. The more activity on the platform, the more the pool receives.
2Nature of the pool
The Float Rush pool is a public wallet on the Polygon network, managed by the Float Rush team. It is not a smart contract: no code on the blockchain controls the funds or guarantees any rule. The rules in this paper are applied by the team and by the Float Rush system, which reads the blockchain and keeps the record of each wallet.
Each participant is identified only by wallet address. Every deposit and every redemption is a blockchain transaction that can be checked.
3What the liquidity is used for
Rushdaq users often move a balance before it is settled, for example when they request a cash-out or a withdrawal before the amounts are available. Instead of making them wait, the pool's liquidity covers that movement right away. The pool's liquidity is used for:
- users' cash-outs and withdrawals, before their balance is settled;
- payments to affiliates;
- payments to the structure that runs the operation.
Deposited liquidity stays in the pool until it is needed. The team monitors the operation and decides when to draw from it. When balances settle, the liquidity returns to the pool and is used again. These movements generate fees, which is where the margin comes from (section 4).
The pool's liquidity never takes a position in any market.
4How the margin is generated
The movements the pool covers generate fees, and every amount that moves through the Rushdaq platform generates revenue for the company. 10% of that revenue goes to the pool. The margin does not depend on the outcome of any market: it depends on how much moves through the platform. The more people move money on the platform, the more the pool is fed.
Revenue is measured by Rushdaq's internal monitoring, and the margin is posted to the pool and split by balance-days: each wallet's balance multiplied by the time it stayed in the pool. Today the margin is posted every 10-day cycle; the direct connection to the internal monitoring, in development, will update balances continuously as revenue is generated. Each part appears in the participant's dashboard.
5Deposit and redemption
| Rule | Value |
|---|---|
| Network | Polygon |
| Asset | A single dollar stablecoin. Other major dollar stablecoins are converted on entry |
| Account | The depositor's wallet. Participants are identified only by wallet address |
| Before redemption | 10 days after each deposit |
| Redemption | Any amount of the balance, with no maximum |
| Processing | Up to 10 days after the request |
| Payment | To the wallet connected to the account |
Example: a deposit made on day 1 can be redeemed from day 11, and the redemption is paid within 10 days of the request. Redemptions are processed in order because the pool holds the liquidity of the whole community.
6Closing the pool
Float Rush may close the pool at any time, at its discretion. If it does:
- the closure is announced on the website and in the dashboard;
- new deposits stop immediately;
- each participant's balance, including the margin posted up to the closing date, is returned to the wallet connected to the account;
- returns follow the redemption processing time, in order.
7Transparency
- Each wallet's balance is built from its own transfers on the blockchain.
- Deposits are credited only from finalized blocks, when independent network nodes agree.
- Redemptions are marked as paid only after the payment is confirmed on-chain.
8Security
- Signing in is a free wallet signature; no password is stored.
- No wallet keys are kept on servers; keys stay outside the servers, with the team.
- The pool wallet address cannot be changed from the panel without the team's protections.
- Every action in the team panel is recorded.
9Risks and no guarantee
Float Rush does not guarantee any profit or return. Results are variable and depend on real activity. By depositing, each participant declares that they understand and accept the risks, including:
- The pool is a wallet managed by the Float Rush team; participants rely on the team to move the liquidity and process redemptions correctly.
- Liquidity in use could take longer than expected to return, so a redemption can take longer than 10 days.
- The margin can fall or be zero in a cycle.
- A stolen key, a software failure or a stablecoin losing its peg could cause losses, including of part or all of the amount deposited.
- The pool can be closed at any time, as described above.
10Terms of participation
- Depositing means accepting the legal notice and terms and the rules in this paper.
- Rules and parameters may change. Changes are announced on the website and in the dashboard before they take effect; participants who disagree can request redemption.
- Each participant is responsible for the laws and taxes that apply to them.
11Roadmap
| Phase | Delivers |
|---|---|
| 1 · Dashboard | Wallet sign-in, deposits read from the chain, balance and share per wallet, redemption requests |
| 2 · Continuous margin | Direct connection to Rushdaq's internal monitoring, updating balances as revenue is generated |
| 3 · Transparency page | Live balances and every cycle report |
| 4 · Public opening | Open to the community |
This paper is subject to the legal notice and terms.