Fluid (FLUID)

Finance and DeFi

Fluid is mainly used in decentralized finance (DeFi) for lending and borrowing. It offers users the ability to lend assets and earn interest or borrow with low liquidation thresholds and better rates. It supports flexible collateral like ETH, DAI, and USDC, making it easier to manage loans and positions.

Trading

Fluid enables fast and easy crypto trading, especially on platforms like Telegram. Users can execute trades in under 10-15 seconds, use limit and market orders, and adjust orders in real time. It also supports social features like sharing trades and market discussions.

Protocol Growth and Governance

The Fluid token is used for governance, allowing holders to participate in decisions that affect the protocol. It also helps the protocol grow by accumulating value and supporting new DeFi applications built on top of it.

Cross-Border and Business Use

Fluid can be used for cross-border transactions and working capital management, making it useful for merchants and businesses to handle payments and generate steady income streams.

Innovation and Liquidity

Fluid solves liquidity fragmentation in DeFi by providing a base layer for new protocols, enabling high loan-to-value (LTV) ratios, productive debt, and better financial utilities for users.

Pros of Fluid

• Offers smart collateral and smart debt features, allowing users to use assets more efficiently by earning yield while borrowing or lending.
• High capital efficiency through a shared liquidity layer that consolidates liquidity from multiple protocols.
• Gas optimization reduces transaction costs by about 15% compared to competitors.
• Supports major crypto assets like ETH, DAI, and USDC with flexible collateral options.
• Enables seamless bridging and transferring of assets across different blockchains and wallets.
• User-friendly interface with fast order execution and real-time adjustments.
• Innovative design allows users to earn fees from trading and lending simultaneously.

Cons of Fluid

• As a complex DeFi protocol, it may require some learning to fully understand smart collateral and smart debt concepts.
• Market price and trading volume can fluctuate, which is common in crypto tokens.
• Being relatively new and innovative, it may not yet have the same level of adoption or liquidity as more established platforms.

Fluid combines advanced DeFi features with user-friendly tools to help users get more from their crypto assets.

Founders

Fluid was founded by Ahmed Ismail in 2021. Other sources mention co-founders Samyak Jain and Sowmay Jain associated with Fluid's team and innovation, but Ahmed Ismail is the primary founder and CEO.

Investors in Fluid

Fluid has raised funding from several investors. Key investors include Infinity Ventures Crypto, CMS Holdings, GSR, Ghaf Capital, and 21Shares. The project has completed funding rounds totaling around $3.9 million as of late 2024, with participation from about 17 investors in one round.

Halal Status of Fluid

• Yes, Fluid can be considered halal if it meets Islamic finance principles.
• This means Fluid should avoid interest (riba), excessive uncertainty (gharar), and involvement in forbidden activities.
• Like many cryptocurrencies, Fluid’s halal status depends on its use, transparency, and compliance with Shariah law.
• Islamic scholars have differing opinions on crypto in general, so individual consultation with a qualified scholar is recommended for confirmation.