PANews December 4 news, the Instadapp team’s DeFi protocol Fluid Protocol has released a brand rebranding and growth plan proposal, intending to rename the token INST to FLUID and implement a maximum 100% revenue buyback plan. The proposal also suggests allocating 12% from the governance fund for growth initiatives while retaining 43% of the governance funds.
Fluid plans to launch a series of upgrades over the next 12 months, including launching a DEX on L2, upgrading the ETH Lite Vault, adding more asset support, and launching DEX v2.
