Fluid: score, security record and what it is for

76/100SCORE · BTrusted Grade B, very good

Fluid, from the Instadapp team, lets the same liquidity serve as both AMM depth and lending collateral. That is capital efficient and it also concentrates risk, since a single flaw touches both functions. No exploit on record.

The facts

LIVE SINCE: 2024
TYPE: AMM and lending
CHAINS: Ethereum, Arbitrum, Base, Polygon
SWAP FEE: Dynamic by pool.
AUDITS: Audited.
WHO CAN CHANGE IT: FLUID token governance, formerly Instadapp.

How the score breaks down

security22/30

liquidity17/25

chains12/15

costs14/15

decentralisation11/15

Where it is strong and where it is not

✓ Strengths

Liquidity does double duty as collateral, which is genuinely novel
Capital efficient
From the established Instadapp team
No exploit on record

✗ Weaknesses

Combining lending and swapping concentrates risk
Newer design
Complex to reason about

Exploit history

No exploit of the core contracts on record.

Our read

Interesting engineering from an established team. Combining lending and AMM liquidity is capital efficient and it also means one bug can affect both.

BEFORE YOU SWAP

Swap keeps failingSlippage, approvals, taxes and thin liquidity. Revoke approvalsEvery swap leaves a permission behind. Clear them. Gas tokensWhy you need the chain's native coin first. Pick a walletYou need self custody before you can use any DEX.

RISK WARNING Crypto assets are highly volatile and largely unregulated. You can lose everything you put in. Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.