# Fluid > Financial system of the future Fluid unifies liquidity across lending, borrowing, and trading protocols through a shared Liquidity Layer architecture. Fluid implements a multi-protocol DeFi architecture through its unified Liquidity Layer, enabling lending, vault-based borrowing, DEX trading, and stETH deleveraging. The system consolidates liquidity across all protocols, allowing capital to flow between lending, trading, and borrowing functions without fragmentation. - Type: Company - Sector: Finance - Status: Active - Founded: 2024-02-01 - Profile: https://thegrid.id/profiles/fluid ## Products - [Fluid Liquidity Layer](https://thegrid.id/profiles/fluid): Core smart contract infrastructure consolidating liquidity across all Fluid protocols, enabling seamless capital flow between lending, borrowing, and trading functions through automated supply/borrow operations. (Developer Tooling, Live, Main Product) - [Fluid Lending Protocol](https://thegrid.id/profiles/fluid): ERC4626-compliant lending protocol enabling users to deposit assets into the Liquidity Layer via fTokens to earn sustainable yields with gas-optimized operations. (Decentralised Borrowing & Lending, Live) - [Fluid Vault Protocol](https://thegrid.id/profiles/fluid): Collateralized borrowing protocol implementing single-asset vaults with liquidation thresholds up to 95% LTV and penalties as low as 0.1%, utilizing tick-based position management and range-based liquidation mechanisms. (Decentralised Borrowing & Lending, Live) - [Fluid DEX](https://thegrid.id/profiles/fluid): Decentralized exchange protocol integrating Smart Collateral and Smart Debt primitives, enabling collateral and borrowed assets to generate LP fees while maintaining borrowing positions. (Decentralised Exchange, Live) - [Fluid stETH Protocol](https://thegrid.id/profiles/fluid): Specialized protocol enabling direct deleveraging of leveraged stETH/ETH positions at a 1:1 rate with Lido through short-term loan strategies, reducing costs compared to market deleveraging. (Decentralised Borrowing & Lending, Live) - [Fluid DEX Lite](https://thegrid.id/profiles/fluid): Gas-optimized decentralized exchange designed for small, frequent swaps of correlated asset pairs. Operating as a credit-based protocol on top of the Fluid Liquidity Layer, it borrows liquidity directly from the shared pool rather than requiring dedicated deposits. The singleton architecture enables efficient multi-hop routing while claiming to reduce swap costs by approximately 60% compared to standard Fluid DEX. (Decentralised Exchange, Live) ## Assets - [Fluid (FLUID)](https://thegrid.id/profiles/fluid): FLUID is the governance token of Fluid, a DeFi protocol built by Instadapp that unifies lending, borrowing, and trading through a shared Liquidity Layer. It is used to vote on protocol parameters, asset listings, vault configurations, and which protocols can build on top of the Liquidity Layer. Proposals require voting rights of 1% of total supply to submit and 4% to reach quorum, ensuring governance participation is weighted toward significant stakeholders. (Governance) ## Links - [Main](https://fluid.io) - [Documentation](https://docs.fluid.instadapp.io) - [Forum](https://gov.fluid.io) - [Twitter / X](https://x.com/0xfluid) - [GitHub](https://github.com/Instadapp) - [Twitter / X](https://x.com/Instadapp) ## Relationships - [Instadapp](https://thegrid.id/profiles/instadapp): Parent organization ## Legal This data is provided under two licensing models. Model 1 - open data. 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