Floating Effect Names

Effect names are a new feature that pop up when you trigger perks, weapon bonuses or shield bonuses.

Effect names and color explanation

Currently, once you trigger one of the following effects, you'll get a pop up in different colors.TheCrater was so kind to post an explanation of them:

• Green: Uncommon tier Spikes and Stims
• Blue: Rare tier Spikes and Stims
• Yellow: Perks
• Green: Synergy bonuses
• Red: Weapon bonuses (including epic rolls & masteries)
• Blue: Shield bonuses

Source

How do they look?

Here is a short video once you trigger the Perk "Predardness". Pop-ups generally appear on your character's back and float in the air, they aren't moving with you.