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Fluid Protocol

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Category: DeFi
TVL: $34K

Fluid Protocol

Fluid Protocol operates a decentralized borrowing protocol on the Fuel blockchain that allows users to mint the USDF stablecoin by opening collateralized debt positions called Troves. The protocol offers additional features including an Earn (Stability Pool) product for depositing USDF to earn yield, FPT token staking, and a Swap function (via Mira). Fluid Protocol provides a public analytics dashboard tracking TVL, USDF supply, trove activity, staking, redemptions, and liquidations. The interface is hosted by Hydrogen Labs, Inc., which maintains the website and app on behalf of the protocol, and the underlying smart contracts are open-source. The protocol primarily serves crypto users seeking to borrow stablecoins, earn yield, and participate in governance/staking within the Fuel ecosystem.
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Funding Rounds

Funding Round: Seed
Funding Date: 23 Oct, 2024
Raised Amount: $3.9M

Investors