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Fluid Smart Debt is still criminally under appreciated and it’s costing money.
If you borrowed 10m USDC or USDT last year you could have saved ~75 k USD in borrow costs using Fluid's smart debt.
Understand how it works in less than 100 words ⬇️
Classic Debt: You deposit ETH -> You borrow USDC.
Your debt stays as USDC forever, its static.
Fluid Smart Debt: You deposit ETH -> You borrow USDC as (USDC/USDT) smart debt.
Your debt is dynamic. It can change in composition between USDC and USDT.
How?
Simply by allowing swappers to payback your USDC debt and borrow USDT on your behalf, and vice versa.
Result?
- The swapper exchanged USDC for USDT ✅
- Your debt is now denominated in USDT instead of USDC AND is reduced by trading fees paid by the swapper ✅
These fees slashed borrowing costs by ~0.75% over the last 12 months.
Just use @0xfluid ?
also soon available on @jup_lend @VenusProtocol 🤫

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