10x stronger than steel, and floats on water - sounds a bit like Dyneema. Best of luck!
Though I imagine to get the fibers fine enough, you would need even higher molecular weight and a little more crosslinking. Possibly with a better plasticizer so you could get tighter loops (from the knitting process) without breaking the strands.
This is awesome. If you can get this to succeed as hosiery, gloves are the obvious next step, then the inner liners for multilayer outerwear garments.
Fibers is truly where chemistry and engineering collide.