CoinVoice has recently learned that the Instadapp team’s DeFi protocol Fluid Protocol has released a proposal for a brand redesign and growth plan, 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 the launch of a DEX on L2, upgrading the ETH Lite Vault, adding more asset support, and launching DEX v2. [Original link]