Instadapp, one of the biggest DeFi protocols, was inspired by multiple other projects like Aave and Uniswap in building Fluid.
Decentralized finance platform Instadapp introduced a lending protocol named Fluid — integrating functionalities from Aave, Compound, Uniswap, Maker, and Curve.
Presently, Fluid is in its preliminary testing stages. The team expects to finalize the audits by the end of November and is planning a bug bounty event in December. The official release of the protocol is projected for January.Fluid’s “Liquidity Layer” design is devised to offer users a consistent transition across major DeFi protocols, consolidating liquidity and features for lending services and ensuring stable lending rates.
The protocol will have the capability for users to borrow up to 95% of their ETH’s value, the team claimed, with a focus on risk mitigation. For enhanced security measures, Fluid’s loans will adapt in real-time, limiting unexpected significant transactions and reducing potential risks.
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