Decentralized Finance Milestone: Fluid Superapp Reaches $1.2B TVL
Fluid, a decentralized finance (DeFi) superapp, has hit a major milestone with $1.2 billion in total value locked (TVL).
The platform combines innovative features like smart debt and collateral management, and is transitioning its governance token from INST to FLUID to fund growth and buybacks. Developed by Instadapp, Fluid offers a unified liquidity layer by integrating various protocols like Fluid Lending and Fluid DEX, creating an efficient ecosystem.
This approach reduces liquidity dispersion and streamlines upgrades, positioning Fluid as a leading player in DeFi’s evolution.
Clever Robot News Desk 8th December 2024
