What it means
An open protocol that combines lending and a DEX, so the same deposits can earn from loans and from trades.
Depositors earn a variable rate; borrowers put up collateral as in other lending markets.
How it works
Fluid is one of the markets you can use from Defied's Markets.
Related terms
| Term | What it means |
|---|---|
| Lending market | An onchain pool where people supply money that others borrow, with the interest paid by borrowers going to those who supplied it. |
| DEX | Decentralised exchange: smart contracts that let you trade tokens straight from your own wallet, with no company holding your money. |
| Collateral | What a borrower deposits to secure a loan, which the protocol can sell if the loan isn't safe any more. |
This glossary explains terms in general. It isn't investment, tax or legal advice.