X @Ignas | DeFi

RT Ignas | DeFi (@DefiIgnas)Credit-Based → Uncollateralized Loans Coming to FluidFluid will borrow $5M USDC/USDT and deposit it into a new DEX built on Fluid.The new DEX Lite will capture MEV that Fluid DEX couldn't, generating additional fees accelerating the path to $10M annual revenue for $FLUID buybacks.It's just a start: The DAO could vote to issue more credit to reputable institutions, MMs, etc., which will boost lending yields to depositors.In this DEX case, if the protocol takes any losses, the team ...