Moby Spotlight: Fluidity

Moby Elite ICO #1: Fluidity    

Moby is thrilled to announce the first Elite ICO sale on March 14, featuring Fluidity - the blockchain incentive layer and its native token: $FLY.  

Fluidity has proven its thesis on steering Order Flow through Utility incentives with a staggering tractions in a span of 30 days:   

• Over 500,000 transactions conducted using Fluidity Assets.  
• Generated over $2 billions in trading volume of Fluidity Assets, in which more than 50% was productive volume, passing through a variety of different protocols.  

Continue reading on this blog to learn more about Fluidity and the upcoming launch of $FLY. 


 

Fluidity Overview  

Fluidity is a blockchain incentive layer that rewards people for using cryptocurrencies. Protocols can acquire sticky users by integrating Fluidity Money tokens (Fluid Assets) to incentivize users to initiate any on-chain interaction, including “Swap”, ”Mint”, “Send” & “Receive”.  

Fluidity Money tokens (Fluid Assets) are a 1-to-1 wrapped asset that expose holders, senders as well as receivers to rewards when they use their cryptocurrencies. Rewards are paid out according to a lottery-like drawing mechanism held each on-chain transaction of Fluid Assets. These rewards are generated by the cumulative yield generated by the underlying asset, which is deposited and lent on money markets.  

Users gain yield through utility ( “Swap”, ”Mint”, “Send” & “Receive” ). The more users utilize the asset the more yield can be potentially received over time. Thus helping partnered protocol to gain sticky users with cost effective incentives comparing to existing decentralized finance Dapps focusing on interest-bearing products ”idle” – sitting in an account accruing interest (providing TVL)  

Fluidity’s novel distribution mechanism, Utility Mining, enhances liquidity and transaction volume across, fostering increased stickiness and user engagement through a unique spend-to-earn model, where transaction rewards are split between sender and receiver, redefining DeFi incentives, making financial rewards more accessible through active participation rather than passive holding.  

Key features  

• Support wrapping USDT, USDC & DAI to fUSDT, fUSDC &fDAI (Fluid Assets)   
• Supported Chains include Arbitrum, SOL & SUI ( Soon )  
• Lottery-like drawing mechanism yield distribution with careful economic modeling ensuring resilience against misuse and maintains utility   
• Each draw is triggered based on on-chain events below  
  • Sending, receiving, and swapping tokens  
  • Minting, trading, and selling NFTs  
  • Blockchain-based gaming  
  • Performing transactions in a DEX  

Fluidity Uniqueness  

Efficiently incentivising and growing users with proven attraction  

Fluidity did $2B in Volume in 30 days, and 50% of that has been "productive" or fee generating, which generated approximately $1M in fees for our partner protocols.  

Unique product offering in yield source & sectors and chains agnostic  

Most stablecoin yield are generated from swap and lending fee but Fluidity’s yield is also diversified into promotional yield from any protocol in various sector with fluid asset’s composability it can act as an incentive layers for DeFi, Gamefi, Gamblefi in various chains, it is sectors & chains agnostic  

Fluidity - Superposition (Arbitrum L3) connection  

Fluidity also gives token holders exposure to the Superposition Layer-3 through staking and other governance mechanisms. The Superposition Layer-3 Chain is Fluidity on a broader scale, it is the first blockchain that pays you to use it, for every action that you do. The first Dapp on Superposition L3 is Long Tail, the cheapest AMM on Arbitrum where every pool is paired against fUSDC. There are zero LP and protocol fees on Long Tail, but higher rewards for LPs and Traders alike.  

Fluidity Revenue Model  

• Fluidity’s revenue is based on the dividends paid out, a proportion of each reward paid out will be utilized as a fee to contribute to the protocol.   
• Approx half of the fee will be used to buy back & burn.  
• $FLY voter incentives also act as revenue to steer order flow through Utility Gauges  

Fluidity Backers  

Seed: Multicoin Capital, Circle Ventures, Solana Ventures, Lemniscap, NGC Ventures, Skyvision Capital, Bitscale, Koji Capital, Meld Ventures, Grug Capital, ZachXBT, DCF GOD, Eden Au (The Block), Igor Igamberdiev (The Block), credit, BigDSenpai, MrBlock and ivangbi (Gearbox DAO)  

Extension: Mapleblock Capital, Zonff Partners, Concave DAO, Cogitent, Autonomy  

Grants: Solana, Polygon, Compound, Aave Grants DAO, Sui Foundation, Arbitrum Foundation  

Fluidity Relevant Links:  

Docs: https://docs.fluidity.money  

Fluidity blog: https://blog.fluidity.money  

Wesbite: https://fluidity.money  

Useful Deepdives:  

Governance and Fluidity Wars: Steering the Invisible Hand: Link  

Payments, Metaverse, P2E games and DeFi derivatives: A deep dive into Fluidity’s use cases: Link       

An alternative solution to Uniswap’s “fee switch” problem:  Link  

What’s next?  

Moby is excited to partner up with Fluidity to launch our first Elite ICO, featuring the $FLY token on March 14, 2024. More information related to $FLY tokenomics and the ICO mechanism will be announced soon on our social channels. $MOBY stakers will be prioritized in the ICO.   

The $FLY Token is the Fluidity Governance Token. It has different use cases, such as Staking, Revenue sharing, Governance, Utility Mining, Utility Vaults, Utility Gauges and deciding on key protocol parameters. It also gives token holders exposure to the Superposition Layer-3.  

Through $FLY, token holders will be able to steer order flow, as the distribution of Utility Mining and $FLY incentives will be controlled through Utility Gauges. Fluidity becomes a marketplace for order flow, with voter incentives paid by protocols every epoch to $FLY holders to direct incentives and volume towards themselves.  

Make ICOs Great Again.  

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Website: https://launchmoby.com/       

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