What is Fluid DEX? +
Fluid (formerly Instadapp) is a unified DeFi protocol that merges lending, borrowing and trading into a single shared Liquidity Layer. Its Smart Debt technology generates up to $39 of DEX liquidity per $1 TVL — making it the most capital-efficient DEX in DeFi. DEX V2 launched February 2026, now live on Tron.
What is Smart Debt? +
Smart Debt means your borrowed funds automatically become active DEX liquidity in relevant trading pools. The swap fees earned offset your borrow cost. For the protocol, this generates 39× more liquidity depth from the same TVL.
What is Smart Collateral? +
Smart Collateral is the counterpart to Smart Debt – your supplied assets act as DEX LP liquidity, earning trading fees on top of lending APY. This gives you dual revenue from a single deposit.
How does Fluid achieve 95% LTV with 0.1% liquidation penalty? +
Fluid’s shared Liquidity Layer allows precise internal collateral management. Liquidations happen as internal operations with minimal slippage, enabling 95% LTV and just 0.1% penalty – the best in DeFi.
What is the FLUID token used for? +
FLUID is the governance token. Holders vote on fees, markets, and treasury allocation. Protocol revenue funds The Fluid Reserve buyback program, purchasing FLUID from the market to align token value with protocol success.
Which chains is Fluid live on? +
Fluid is live on Ethereum mainnet, Arbitrum, Base, Polygon and Tron. In 2026 it expanded to Solana (via Jupiter Lend) and BNB Chain (Venus Flux), targeting $10B combined market size.
What is DEX V2 and when was it launched? +
DEX V2 is the latest version of Fluid’s exchange, launched February 2026. It dramatically reduces impermanent loss for LPs through auto‑rebalancing ranges and smart debt architecture, audited and live on Tron.
How can I provide liquidity on Fluid? +
Go to the Pools section, select a pair (e.g. TRX/USDC), and deposit both assets. Your position earns swap fees, lending yield (Smart Collateral), and can be used as collateral for borrowing.
What is the protocol fee structure? +
Fluid charges a 0.01%–0.05% swap fee depending on the pool. Borrow rates are dynamic (currently ~2.4–5.8% APR). Supply APY varies per asset (e.g. USDC 8.42%, TRX 5.84%). All fees are transparent and governance‑adjustable.
Are Fluid smart contracts audited? +
Yes – by Cantina, Code4rena, Certora and a dedicated DEX V2 audit. Formal verification has been applied to core contracts. All audit reports are public on the Fluid GitHub.
Is Fluid non‑custodial? +
Yes. You always control your assets. Fluid never holds private keys – you interact directly with smart contracts via your wallet.
What is the current Total Value Locked (TVL)? +
Fluid currently has over $1.9B in TVL across all supported chains, with Tron contributing a growing share. This has grown 12.4% in the last 30 days.
How fast are transactions on Fluid? +
On Tron, transaction finality is around 3–5 seconds. On Ethereum and L2s, it varies – Fluid itself adds negligible overhead.
Can I use Fluid on mobile? +
Yes – the Fluid interface is fully responsive and works on any mobile browser. For best experience, use TronLink or Trust Wallet’s built‑in browser.
What is The Fluid Reserve? +
The Fluid Reserve is the protocol’s treasury, funded by a portion of swap fees. It executes regular buybacks of FLUID tokens from the open market, creating consistent demand and returning value to token holders.
Does Fluid support limit orders? +
Limit orders are currently in development and expected in Q3 2026. They will leverage Fluid’s deep liquidity and Smart Debt infrastructure for on‑chain execution with minimal price slippage.
What assets can I stake or lend on Fluid? +
You can supply TRX, USDC, USDT, BTC, GHO, and many others. Each asset has its own APY and borrowing parameters – check the Lending section for current rates.
What is impermanent loss and how does Fluid reduce it? +
Impermanent loss occurs when pool assets diverge in price. Fluid’s DEX V2 uses auto‑rebalancing ranges and smart debt to keep positions more balanced, reducing IL compared to standard AMMs.
Is there a bug bounty program? +
Yes – a $2M bug bounty is active on Immunefi. Critical vulnerabilities are rewarded generously. Full details and submission guidelines are on the Immunefi page.
How do I claim my FLUID governance tokens? +
FLUID tokens are distributed to early users and liquidity providers. To claim, connect your wallet and visit the Rewards dashboard – you’ll see any pending FLUID allocations available for claim.
Can I bridge assets into Fluid? +
Fluid does not have its own bridge, but you can use standard bridges (e.g., Wormhole, Multichain) to move assets to supported chains and then deposit into Fluid.
What is the minimum deposit amount? +
There is no protocol‑enforced minimum – you can deposit any amount larger than network fees. On Tron, fees are minimal, so even small deposits are economical.
How do I withdraw my funds from Fluid? +
Withdrawals are instant and require no lock‑up period. Simply go to the Lending or Pool section, click “Withdraw”, choose the amount, and confirm the transaction – your assets are sent directly to your wallet.
What is the relationship between Fluid and Instadapp? +
Fluid is the rebranded and upgraded version of Instadapp. The core team and protocol vision remain the same – Fluid represents the next evolution of the unified DeFi liquidity layer.
Does Fluid have a native stablecoin? +
No – Fluid does not issue its own stablecoin. Instead it integrates existing stablecoins (USDC, USDT, DAI, GHO) to maintain deep liquidity and avoid fragmentation.
What is the current FLUID price and market cap? +
FLUID price is displayed in the top bar (currently ~$1.65). Market cap and fully diluted valuation can be checked on CoinGecko or CoinMarketCap, updated in real‑time.
Are there fees for supplying or borrowing? +
Supplying has no upfront fee – you earn interest. Borrowing has a variable interest rate (based on utilization). There are no origination or hidden fees.
How is the borrow rate determined? +
Borrow rates are algorithmically set by the utilization ratio of the pool. Higher utilization leads to higher rates, incentivising suppliers to deposit more.
Can I use my LP tokens as collateral? +
Yes – Fluid allows LP tokens to be used as collateral for borrowing, thanks to the unified Liquidity Layer. This increases capital efficiency by letting you borrow against your active liquidity positions.
What happens if my position is liquidated? +
Liquidations are processed automatically with a 0.1% penalty – the lowest in DeFi. A portion of your collateral is sold to cover the debt, and the remaining collateral is returned to you.
Is there any lock‑up period for liquidity providers? +
No – you can add or remove liquidity at any time. There are no time‑based locks or early withdrawal penalties.
Does Fluid support cross‑chain swaps? +
Cross‑chain swaps are not natively supported, but you can use third‑party bridges to move assets between chains and then swap on Fluid on the destination network.
What wallets are compatible with Fluid? +
Fluid works with any EVM‑compatible wallet (MetaMask, Rabby, Coinbase Wallet) and Tron‑compatible wallets (TronLink, TokenPocket, Trust Wallet). For Tron, TronLink is recommended.
Where can I see detailed analytics for Fluid? +
Fluid provides a built‑in dashboard with TVL, volume, APY, and fee statistics. For more detailed on‑chain data, you can use Dune Analytics or DeFi Llama.
Is Fluid open source? +
Yes – all Fluid smart contracts are open source and available on GitHub. You can verify the code, audit reports, and even propose improvements.
How can I contact Fluid support? +
For general questions, join the Fluid Discord or Telegram community. For security issues, use the Immunefi bug bounty page. For official support, email support@fluid‑protocol.com.
Does Fluid have a referral program? +
Yes – Fluid has an on‑chain referral program. Share your unique link and earn a share of the protocol fees generated by your referrals. Details are in the Rewards section.
What are the gas costs on Fluid? +
Gas costs depend on the underlying chain. On Tron, fees are very low (~0.1–0.2 TRX per transaction). Fluid itself does not add extra gas – you pay only standard network fees.