The Fluid ecosystem is growing
Bakery Finance
Current projects in DeFi are mostly split between hundreds, even thousands of different protocols. This is far too complex for beginners, requiring a solid experience in crypto: it’s not transparent and it’s not user-friendly.
It would be so much easier to have a single interface to find all the interesting DeFi investments. It’s time to merge the best of DeFi into a single entity.
The Bakery Finance ecosystem has been created to boost users rewards with real yield available in one click. Holders of the upcoming BKR Token will also get 50% of the revenue generated by the protocol.
We also want to simplify financial opportunities whether you’re a person or a big institution.
Our goal is to integrate our solutions inside thousands of apps and services. We want to recreate a new financial system, accessible for people worldwide, companies whatever their size, and institutions.
An entire ecosystem where we are merging off-chain and on-chain data in one place.
Simplify crypto access without sacrificing decentralization
The DAO in itself is pushing the decentralization of Fluid to new heights.
Bakery Finance DAO will keep all the off-chain properties of Fluid. Both are complementary. Pushing the fees raised by Fluid to new highs, granting FLUID token holders the possibility to start getting some benefits, and making $FLUID be highly valuable in a not so distant future…
How will expanding benefit Fluid?
What could be more objective than a comment coming from our own community ? Shout out to Mahony for his amazing explanation on how FLUID will benefit from its DAO:
“It’s using DUSD and creating massive demand for it. It’s the only place in DeFi where you can borrow 1:1, so this will attract a lot of users who all need DUSD.
“At the same time they lock their DUSD on Balancer when they borrow. So we will get very deep liquidity. (…Lending and LP Optimizer) is just the first Bakery Finance product.
“It’s complementary and not a competition, as it’s pure decentralized DeFi. It’s nothing a centralized company like Fluid could build in a good way.”
The calculation is simple. Fluid takes 1% fees on Redeem DUSD and 0.5% for Mint. That means approximately $150,000 a day in benefits with Bakery Finance pushing DUSD to $10 million in volume per day (this is a pretty small volume for a stablecoin used in a lending protocol, USDT volume is $22 billion per day).
This is our first goal. With only one feature Fluid can generate $55 million of benefits per year and distribute dividends.
An investment hub
We’re not a Layer-1 project, but the analogy with Ethereum is interesting. Ethereum has risen thanks to tokenization and lots of projects created on its chain. Our goal is to become the number one interface for traditional finance and Real World Asset Investments.
Fluid is aiming to be the hub of a complete financial ecosystem, and to harvest the benefits of every project by establishing Fluid as one of the most critical companies in the industry.
Establishing DUSD
The role of the DAO is to push the decentralization of the Fluid ecosystem. DUSD may control Mint and Redeem functions (nodes will be implemented), or we may pursue other possibilities for decentralization.
DUSD is the best stablecoin in the crypto market: Fully transparent, everyone can audit the treasury in real time. A secure, transparent, democratic Digital Dollar.
A natural evolution for DeFi.
Guaranteed redemption for 1:1 fiat, even in case of bankruptcy or if it loses its peg on the crypto side.
Smart contract enforces 100% backing. You can’t mint more DUSD supply than the verified Off-chain Asset Balance.
DUSD adoption
Right now in DeFi you have to make a choice between two financial worlds: DeFi mechanisms can be complicated, and difficult for a user to understand, while TradFi is outdated and predatory.
The DAO will bring both worlds into the Fluid ecosystem. It will also simplify the DeFi daily utilization without sacrificing the decentralization. DUSD will overlap with other protocols which themselves will plug into the DAO to benefit from the advantages of DUSD. To duplicate the use of DUSD.
Holding DUSD offers daily earnings, as well as access to products like our Balancer Earning product, with many more in development.
We’re going to enable many more amazing features thanks to DUSD — stay tuned.
The Fluid ecosystem is growing and…and nothing can stop it.
📆 Be part of the Future:
Download the mobile app! Available on iOS and Android!
- Follow our Twitter
- Check out our website: fluid.ch
- Sign up for an account at: app.fluid.ch (<15 min)
- Join our Telegram community & the Announcement Channel
- Or our Discord community
- Inspect our GitLab
- Watch our YouTube
- Read more about digital dollars (DUSD)
We’re constantly looking for talented developers and other professionals to join our team. Many in the core team started as investors and community members. We’re also pursuing partnerships across the ecosystem, mainly to grow the adoption of DUSD, and Fluid accounts.
Don’t trust, verify:
Digital dollars (DUSD) — fully backed 1:1, transparent on-chain 24/7, and of course, based in Switzerland.
