$FLDT utility

FluidTokens
2 min readDec 28, 2023

Let’s explore how $FLDT is set to play a pivotal role in shaping the development of FluidTokens.

🔷 Unlocking DApp Utility

🔹 Reduced DApp Fees: Tier fees

As we transition beyond the Initial Stake Pool Offering (ISPO), platform fees will be reintroduced, impacting P2P loans and renting through FluidShare. The game-changer? $FLDT Token holders will experience a significant advantage — reduced fees. By simply holding $FLDT in your wallet, you gain access to discounted rates, enhancing your overall experience on the FluidTokens platform.

🔹 $FLDT Oracles Pools:

The Collection/Token prices require constant attention from liquidity providers in liquidity pools. Enter $FLDT Oracles — an automated solution that ensures terms are dynamically updated. With Oracles in place, liquidity providers can focus on other matters while earning $FLDT, streamlining the user experience and enhancing efficiency.

🔹 Fee-less Transactions: Aquarium

Imagine a world where you don’t have to spend ADA for transactions. $FLDT makes this a reality by allowing users to pay all their fees in $FLDT. This revolutionary approach not only simplifies transactions but also adds an extra layer of convenience for users within the FluidTokens ecosystem.

🔷 Governance

Governance is a cornerstone of FluidTokens’ future, and $FLDT takes center stage in this narrative. We believe in a community-driven approach, and governance through $FLDT empowers users to actively shape the trajectory of FluidTokens. $FLDT holders will have a say in crucial decisions, including:

  • Treasury deployment and stablecoin/ADA conversions
  • Determining reward farming strategies on the DApp
  • Exclusive access to upcoming FluidTokens features

Engaging the community in governance ensures that the FluidTokens platform evolves in a way that aligns with the collective vision and aspirations of its users.

🔷 Staking

Prepare for an exciting addition to the FluidTokens ecosystem — $FLDT staking. By locking $FLDT, users can unlock a myriad of benefits, including:

  • 0% fees on the DApp
  • Higher Annual Percentage Rate (APR) settings for Boosted Stake (Coming in December)
  • Instant access to loans and more

Staking $FLDT becomes a strategic move, providing users with enhanced privileges and creating a symbiotic relationship between the community and the FluidTokens platform.

In conclusion, the implementation of $FLDT within the FluidTokens ecosystem marks a significant step toward a more inclusive, user-centric, and feature-rich DeFi platform. As we move forward, FluidTokens invites the community to embrace the potential of $FLDT and actively contribute to the evolution of decentralized finance.

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FluidTokens

Lending and Borrowing protocol on Cardano Blockchain @FluidTokens