Fluid Protocol raised $3.9M in a Seed funding round

October 23, 2024

Over-collateralized decentralized borrowing platform Fluid Protocol raised $3.9M in a Seed funding round from Animoca Brands, CMS Holdings, Bloccelerate, Maelstrom, Infinity Ventures Crypto (IVC), Builder Capital, RockTree Capital, Wise3 Ventures, Veil, Relayer Capital, Stake Capital, WAGMI Ventures, NxGen, Zephyrus Capital, Global Coin Research (GCR), Meltem Demirors, Ben Lakoff, Kartik Talwar.

Fluid Protocol is an over-collateralized, decentralized borrowing platform within the Fuel ecosystem. It allows users to borrow USDF, a stablecoin soft-pegged to the USD, by depositing collateral without paying interest. Inspired by Liquity, Fluid supports multiple collateral types and features a fixed collateral ratio (135%), partial liquidations, and governance-free fiscal policy. It aims to provide capital efficiency while maintaining user security with no recovery mode.

You can find all funding rounds, links, and details on the project page Fluid Protocol