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Fluid is a revamped crypto project designed to make capital work smarter within the world of DeFi (decentralized finance). It combines convenient loans, advanced security, and its own decentralized exchange (Fluid DEX), where users can trade crypto without a central party managing their funds.
The FLUID token is now tradable on Bitvavo, the Netherlands’ largest crypto exchange.
Fluid is Changing How We Use Crypto #
With the rebranding from Instadapp to Fluid, the old INST token is being converted to the new FLUID token on a 1:1 basis. Fluid has already achieved impressive results: the platform has reached a total value locked (TVL) of over $1 billion, and the Fluid DEX processed more than $1 billion in trading volume within just three weeks.
One of Fluid’s key features is its Vaults, smart vaults that automatically generate yield based on pre-set strategies. Additionally, the platform offers collateralized lending, allowing users to use crypto as collateral to obtain loans. This enables them to deploy capital efficiently without their funds being locked up. The Fluid DEX allows these tokens to be traded directly, keeping the market liquid and dynamic.
The project has ambitious plans for the future. Fluid aims to form the foundation for a wide range of DeFi protocols, including stablecoins, derivatives, real-world assets (RWAs) like real estate and stocks, and even cross-chain applications.
Decentralized governance is central to Fluid. Users and community members can have a say in important changes. A community rewards program is also in development, where active participants will be rewarded for increasing adoption, usability, and awareness.