Fluid (FluidTokens)

Lending protocol where coalition capital meets borrowers.

Why They Joined

“The Coalition lets us give our markets exactly what they need to compound — patient supply that doesn't churn out the moment incentives end. That's how lending markets actually mature.”
— Fluid leadership

Role in the Coalition

A lending and borrowing protocol on Cardano, and the Coalition's primary DeFi deployment partner. Fluid operates the lending markets where coalition USDM meets real on-chain borrowers — across USDM, fGLD, ADA, WMTX, SNEK, NIGHT, FLDT, IAG, and Strike markets.

Capital Deployed

30,000 USDM + 10K rewards

30,000 USDM deployed plus 10,000 USDM in mandatory borrower rewards over the 90-day pilot. Built and tuned the partial-liquidation fGLD market that makes the Coalition's RWA strategy feasible.

Coalition-relevant Products

Lending pools (peer-to-pool): Suppliers earn variable APY from real borrower interest. Markets across USDM, fGLD, ADA, and curated Cardano-native tokens.
Partial liquidation on fGLD: Specialized liquidation model for tokenized gold collateral — ~10% loss instead of full liquidation, the Coalition-aligned design.
Peer-to-peer lending (launching): Set custom lending terms; planned for Phase 2 of the Coalition roadmap.

External Links