fluid added $30m in smart debt capacity and it got filled instantly that debt is doing over $100m in daily trading volume - subsidizing debt costs of borrowers smart debt means fluid has structurally lower borrowing costs than any other lending protocol while also offering higher rates for lenders demand for smart debt is unlimited and they are going to continue to ramp it up over the next weeks imo there’s no better stablecoin play than fluid any stablecoin issuer will want to have similar pools who wouldn’t want to pay less for their liquidity?

re $FLUID fud: what you see right now are scared incumbents jubilating at the first opportunity to discredit their strongest competitor who has completely disrupted them a few clarifications: 1) the ETH - USDC pool is around 20% of Fluid's DEX volume. stableswap pools have taken off massively, they make collateral on Fluid more productive and discount debt of borrowers. No one can compete with this offering. 2) Fluid has just passed $2b in TVL for this reason, $900m in active loans 3) yes the ETH-USDC (the only volatile) pool hasn't performed well - as well all know, concentrated liquidity amplifies IL and on leverage this is exacerbated even further in DEX v1 the range is chosen for LP's and rebalanced automatically and given the crazy price volatility in last 3 months, LP's haven't been profitable DEX v2 will let users choose their own range and come with other improvements to make volatile pairs on Fluid a long lasting success but the TLDR; is that even if there wasn't a V2 and Fluid would scrap the only volatile pair pool it would still be completely fine and eclipse the volumes of its fuming competitors happy for the fud though - i'll buy more 🍿