Met the guys behind @fluidkey in cannes and finally onboarded, smoothest UX I’ve seen in a while. • ENS, hex address, payment link and bank account available out of the box • Stealth address generation for privacy • Assets can earn yield by default • Revolut-style subscriptions Should I do a video about how some of this works under the hood?
- 0 replies
- 0 recasts
- 1 reaction
In this video, I break down how FLUID DEX really works. You’ll walk away understanding why Smart Collateral + Smart Debt make it the most capital-efficient venue for LPs https://youtu.be/DwqRtCdObNA?si=Llib95XQu2gQI1A3
- 0 replies
- 0 recasts
- 0 reactions
I think Fluid's smart collateral and smart debt unlock two distinct use cases The first is for active market makers. A key factor for their profitability is cost of capital per unit of liquidity provided. Hence capital efficiency is everything for them. Smart collateral and smart debt massively increase that efficiency, reaching levels we haven't seen before. It's a new primitive because this kind of composability can only exist in DeFi and couldn't exist in tradfi. I even believe this newly enabled capital efficiency will make it much more attractive for market makers to actively provide liquidity on Fluid AMM rather than on CLOB markets. This kind of composablity and through extension capital efficiency cannot exist on CLOBs. The second use case is for the passive borrower. This user simply wants to minimize borrowing costs and in exchange for that lowered cost is comfortable holding their collateral in either WBTC or cbBTC, and their liability in stables like USDC or USDT for example
- 0 replies
- 0 recasts
- 0 reactions