Recommended
Fluidity: A Spend-to-earn protocol recently launched on the Ethereum
Fluidity Money is a “spend-to-earn” decentralized finance (DeFi) protocol that has announced its launch on the Ethereum (ETH) blockchain.
In a statement shared with Finbold on December 19, Fluidity noted that the blockchain incentive rewards users for swapping, trading, or performing any on-chain transaction with Fluid-wrapped assets.
In this line, Fluidity’s wrapped assets (Fluid Assets) refer to stablecoins that users can redeem anytime. After the launch on Ethereum, the project is targeting the Solana (SOL), Arbitrum, and Polygon (MATIC) blockchains.
“Fluiders” already stress-tested
Currently, Fluidity crypto has been operating on the Solana devnet beta and Ethereum testnet, hosting about 50,000 users or ‘Fluiders.’ Ahead of the Ethereum mainnet launch, the users have already stress-tested the system via transacting and swapping.
Fluidity Founder Shahmeer Chaudhry noted that 50-70% of all transactions would be yield-bearing, attracting a rewarding split of 80:20 between senders and receivers.
Furthermore, Chaudhry shared the potential of the DeFi space holds. According to Chaudhry:
“Four or five years ago, everybody said DeFi could be the use-case that brings in a billion users to crypto – but it actually turned out to be NFTs and GameFi. At Fluidity, we want to gamify how people think about spending money, and our long-term goal is to re-shape how people approach spending.”
Download App for Android | Download App for iOS |
The funding of Fluidity
It is worth noting that since the launch of Fluidity in 2021, the platform has continued to receive support from established entities like Multicoin Capital, Solana, Circle, and Lemniscap. Part of the support has come from seed funding to the tune of $1.3 million, alongside $100,000 in development grants.
With Fluidity’s spend-to-earn protocol, users can trigger rewards and pay for bills such as rent alongside interacting with decentralized exchanges (DEXs) or NFTs marketplace and participating in blockchain gaming.
Read More:
How to Transfer Crypto from Binance to BTCC
What Is Futures Trading in Crypto? A Guide for Beginners
Wild Cash App by Hooked Protocol: Answer Quiz to Earn $HOOK
Hooked Protocol Price Prediction: How High Will HOOK Coin Go?
When Will Pi Coin Launch: Pi Network Phase 4 Release Date
Is Pi Network Legit Or Scam: Pi Coin Real Or Fake?
ADA Cardano Price Prediction 2025, 2030
Gasoline Price Prediction 2022,2030: What Will It Be In Next Five Years?
CRO Crypto Price Prediction 2025: Will CRO Coin Ever Reach $1?
Luna Classic Price Prediction: Will Luna Classic Reach $1?
LUNA Classic Burn: Will LUNC Burn Its Supply?
Terra LUNA 2.0 vs. Luna Classic (LUNC): What Are the Differences?
HBAR Price Prediction 2022, 2025, 2030
What Is PoW Ethereum (ETHW)? Your Ultimate Guide
XLM Price Prediction: How High Can XLM Go in 2030?
Metamask Airdrop – To Get $MASK Token For Free?
Best Bitcoin Casino Free Spins No Deposit 2022
What Is Algorand (ALGO)? A Guide for Beginners
Dogelon Mars Price Prediction: Is Dogelon Mars A Good Investment?
Register now to begin your crypto journey
Download the BTCC app via App Store or Google Play
Follow us
Scan to download
- Terms & Agreement
Quick Links
Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
The world’s longest-running cryptocurrency exchange since 2011 © 2011-2024 BTCC.com. All rights reserved