Instadapp began as a DeFi Smart account platform in DeFi Summer, but has been gradually rolling out a new suite suite of products in 2024 that make up a DeFi super app called Fluid. At the base of Fluid is a liquidity layer, on top of which additional products such as Fluid Lending and Fluid DEX are built. Fluid Lending launched in Feb and earned decent usage. It fit nicely into the Gearbox, Silo, Contango, niche, working within the lucrative yield farm meta to earn new users.
Fluid Lending has a few differentiators:
- Soft liquidations – similar to crvUSD LLAMA
- Lower liquidation penalty
- Increased borrowing capacity – up to 95%
Soft liquidations are a strong UX improvement, and I have been hoping someone would build it as part of a generalized lending protocol rather than a more rigid CDP like crvUSD. Fluid lending eclipsed 400M TVL in 2 months. Fluid DEX launched last week, synergizing nicely with Fluid Lending to of
