Credit-Based → Uncollateralized Loans Coming to Fluid Fluid will borrow $5M USDC/USDT and deposit it into a new DEX built on Fluid. The new DEX Lite will capture MEV that Fluid DEX couldn't, generating additional fees accelerating the path to $10M annual revenue for $FLUID buybacks. It's just a start: The DAO could vote to issue more credit to reputable institutions, MMs, etc., which will boost lending yields to depositors. In this DEX case, if the protocol takes any losses, the team will cover them from its own funds. Bullish.
Introducing the first credit-based protocol on top of Fluid: Fluid DEX Lite 🌊
27.42K
187
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.