FLUID: THE NEXT ZERO-TO-ONE INNOVATION IN DEFI

Summary from the TLDR Crypto newsletter

By combining smart collateral, which allows users to earn lending interest and trading fees on deposited assets, and smart debt, which transforms borrowed assets into productive liquidity, Fluid has become a legitimate competitor to blue-chip DeFi protocols. It is able to achieve unprecedented capital efficiency on its DEX, generating up to $39 in liquidity for every $1 deposited, while offering high loan-to-value ratios of 95%. Fluid has rapidly grown to be a top-5 DEX on Ethereum by volume with organic yields up to 51% APY without incentives.