Fluid Protocol Mainnet Beta is Live and TGE Details
We are pleased to announce the launch of Fluid’s Mainnet Beta and TGE on Fuel Ignition. We're introducing an over-collateralized borrowing and lending platform alongside USDF, the native stablecoin of the Fuel Network.
Start Here:https://app.fluidprotocol.xyz
Please refer to our comprehensive step-by-step video guide HERE to seamlessly participate in our Fluid Protocol TGE and mainnet protocol.
Key Launch Details
Fluid Protocol Beta Launch Date: Live now (as of Thursday, November 21st, 2024)
USDF TGE: Minting begins immediately at mainnet launch
Contract Address (9 decimals): 0x33a6d90877f12c7954cca6d65587c25e9214c7bed2231c188981c7114c1bdb78
FPT TGE: Emissions start concurrently with mainnet launch
Contract Address (9 decimals): 0x9faba055d60f126d67b7ea997a052d8fa27a422b6727f6f34603b13b889b8322
Security Audit: Completed by OtterSec, ensuring robust protocol security
Supported Collateral $ETH, $wstETH, $EzETH, $weETH, $RsETH, $mETH
Additional Incentive Programs: Earn Fuel Points & Green Torch NFTs
Overview of Functionalities, Features and Tokens
Please refer to our docs to read more about the protocol.
Fluid Protocol is an over-collateralized borrowing and lending platform inspired by Liquity. It allows users to mint USDF—a stablecoin soft-pegged to the US dollar—without incurring interest fees, fostering a more accessible and efficient DeFi ecosystem on Fuel Ignition.
Key Functionality
Borrow USDF: Obtain USDF by depositing supported collateral types
Deposit USDF into Stability Pool: Enhance protocol stability and earn liquidation rewards
Stake FPT: Earn Protocol rewards
Core Features
Over-Collateralized Loans: Borrow USDF with zero interest and a one time small borrowing fee of .5%
Supported Collateral Types at Mainnet: ETH, wstETH, ezETH, weETH, rsETH, and mETH.
Fixed Collateral Ratio (CR): Users must maintain a CR of at least 135% to avoid liquidation.
Partial Liquidations: If a user's collateralized position falls below the required CR, 50% of the collateral is purchased by the stability pool.
Redemptions: Users have the ability to redeem their USDF for the underlying collateral at a 1:1 ratio, with redemptions prioritized for the riskiest vaults.
Staking & Rewards: Users can earn rewards in both USDF and the underlying collateral by staking FPT, with no lock-up periods.
Tokens Overview
Fluid Protocol adopts a dual-token framework.
USDF
First native stablecoin of Fuel Network
Backed by over-collateralized assets
USDF is minted through borrowing, and burned upon repayment or liquidation
FPT
Staking: Simply deposit FPT to the staking contract to begin earning. There are no lockup periods—you can withdraw at any time. Earn both USDF and collateral rewards, with rewards proportional to your share of total FPT staked. Staked tokens cannot be liquidated or used as protocol backstop, and rewards accrue instantly when fees occur.
FPT is the protocol's value-accrual token, designed to reward participants in the ecosystem. Important to note: FPT is not a governance token.
Stake to earn rewards in USDF and underlying collateral typesFPT rewards distributed to LPs on decentralized exchange(s)
FPT Tokenomics
FPT Allocation and Vesting
Total FPT Supply: 100,000,000 tokens
Community 45% - Rewards to the community include liquidity reward pools for stability pool deposits, distribution to LP’s for liquidity pools (up to 48 month issuance period)
Investors 20% - allocated to early investors
Team 21% - allocated to current and future team members
Treasury 14% - allocated to the Fluid Foundation for general use by the protocol
Security
Audit by OtterSec
All smart contracts have undergone rigorous audits by OtterSec, and the protocol will continue to undergo regular assessments.
Audit report:https://docs.hydrogenlabs.xyz/fluid-protocol-community/resources/security
ImmuniFi Bug Bounty https://immunefi.com/audit-competition/iop-fluid-protocol/information/
Additional Incentive Programs
Fuel Points Program
Earn Fuel Points by depositing $ETH $stETH $ezETH $weETH $rsETH $mETH into Fluid to borrow $USDF
Stack your Fuel points by providing liquidity for $USDF and $FPT
Note: Point tracking begins immediately, however, rewards (points) will be distributed retroactively for now.
Learn more
Green Torch NFTs
Participate in our Mainnet Galxe campaign through social and on-chain tasks
500 Green Torch NFTs (powered by Thunder) awarded to top community members
Inject Fluid into Fuel DeFi
Fluid Protocol is helping shape the beginning of DeFi on the Fuel Network. We're committed to expanding liquidity, driving USDF adoption, and continuously enhancing our ecosystem. Join us as we reshape the landscape of decentralized finance and unlock new possibilities for users worldwide.
Join the Fluid Protocol Community
Fluid Protocol is committed to growing and nurturing a thriving community. Join the conversation across our social channels:
Twitter
Discord
Blog
Docs
Website
Stay informed about the latest updates and engage with the team and other community members to help shape the future of the protocol.
Disclaimer
Participation in the Token Generation Event (TGE) involves risk, and users should carefully consider their financial situation and risk tolerance before participating. The information provided is for informational purposes only and does not constitute financial, investment, or legal advice. Fluid Protocol makes no guarantees regarding the future value or performance of USDF, FPT, or any other tokens. Users are encouraged to conduct their own research and consult with professional advisors. Fluid Protocol is not responsible for any losses incurred as a result of participation in the TGE or interaction with the platform.