The decentralized finance platform Instadapp's DeFi protocol Fluid Protocol has today released a branding redesign and growth plan proposal, planning to rename the token INST to FLUID and implement a buyback program of up to 100% of revenue. They also intend to launch a series of upgrades, which may have stimulated a single-day rise of over 18% in the price of the INST coin. (Background: An in-depth analysis of liquidity acquisition strategies: How do DeFi projects enhance TVL?) (Supplementary background: The bull market is coming) 8 major trends worth noting in the DeFi space going forward. The Instadapp team launched the DeFi protocol Fluid Protocol in February of this year, which combines lending and trading, aiming to disrupt the traditional DeFi model. Its dynamic debt mechanism allows borrowing to earn trading fees as liquidity, while also enhancing capital utilization, showcasing new possibilities in the lending market. Fluid released a branding redesign and growth plan, focusing on the following points: Proposing to rename the token INST to FLUID, implementing a buyback program with up to 100% revenue, launching a growth incentive plan with a goal to reach a market cap of $10 billion by the end of 2025, establishing protocol-owned $FLUID liquidity on Fluid DEX, and allocating $FLUID for CEX listings, market making, fundraising, etc. Here's what we propose: • Rebrand $INST to $FLUID • Buyback program with up to 100% revenue • Growth incentives plan to reach $10B market size by late 2025 • Protocol-owned $FLUID liquidity on Fluid DEX • Allocate $FLUID for CEX listings, market making, fundraising, etc — Fluid (@0xfluid) December 3, 2024. Fluid Protocol officials pointed out that since its launch just 9 months ago, Fluid has surpassed a market size of $1 billion, aided by the launch of Fluid DEX, which has quickly become the third largest DEX by trading volume on the Ethereum mainnet. In the initial three weeks with only three trading pools launched, Fluid has now achieved over $2 billion in trading volume, showing rapid growth since launch, and it is projected to become the second largest DEX on Ethereum this month, with its wstETH-ETH and WBTC-cbBTC trading pools being among the deepest liquidity pools on Ethereum. Its rapid rise took place with only 3 pools live in its first 3 weeks, achieving over $2B in trading volume since launch. In fact, it's projected to be the 2nd largest DEX on Ethereum this month! With our wstETH-ETH & WBTC-cbBTC pools being the deepest on Ethereum too! — Fluid (@0xfluid) December 3, 2024. Regarding the future plan to rename the token INST to FLUID, Fluid Protocol officials stated: Everything is moving towards a new stage. The future of Fluid is far beyond the present; we expect it to become the cornerstone of dozens or even hundreds of protocols. The key elements to build the future financial system are: Derivatives, Cross-chain bridges, Credit, Stablecoins, RWA (Real World Assets on-chain), Interest rate swaps, Foreign exchange markets (Fluid's smart debt drives the global foreign exchange market). But that's not all; we still have more goals to achieve! Here are our near-term plans for the next 12 months: Volatile asset DEX pairs, New protocols built on Fluid, DEX live on L2, Upgrades to the ETH Lite Vault, More assets to Fluid DEX, launching DEX v2 (10x performance improvement). But that's not all we have planned as there are still more things to accomplish! These are our near-term plans for the next 12 months: Volatile DEX pairs, New protocols built on Fluid, DEX live on L2s, Upgrades to the ETH Lite Vault, More assets on Fluid DEX v2 (a… — Fluid (@0xfluid) December 3, 2024. The price of INST surged. According to Coingecko data, possibly stimulated by Fluid Protocol's release of the branding redesign and growth plan proposal, the price of INST surged by over 18.5% to $7.49 within the past 24 hours, and over the last 30 days, INST has increased by as much as 309%, with a current total market cap reaching $2.95 billion. Related reports: Cardano founder: Bitcoin DeFi will dominate decentralized finance in three years, ADA rose 190% in a single month. SmartCon focuses on interoperability: DeFi/TradFi giants share future integration vision and 3 major obstacles to overcome. Bitcoin selling pressure surges, breaking resistance! But a turning point emerges: stablecoin inflows, DeFi liquidation volume… "Fluid, the third largest DEX on Ethereum, announces a rebranding: $INST renamed to $FLUID, will venture into cross-chain bridges, stablecoins, RWA…" This article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).

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