Fluid TUSD

FTUSD Price

Fluid TUSD (FTUSD) Price Today

The price of Fluid TUSD (FTUSD) is $0.9757 today with a 24-hour trading volume of $0.00. This represents a 0.0% price decline in the last 24 hours.

About Fluid TUSD (fTUSD)

Fluid TUSD (fTUSD) is a 1-to-1 wrapped version of the TrueUSD (TUSD) stablecoin that rewards users for transacting on-chain.

• Operates on a 'yield through utility' model where yield is generated by the underlying asset and distributed randomly to active users.
• Backed 1-to-1 by TUSD deposited into decentralized money markets like Aave and Compound.
• Incentivizes the use of stablecoins for payments and transactions rather than passive storage.

What Is Fluid TUSD

Fluid TUSD is a 'Fluid Asset' created by the Fluidity Money protocol to transform stagnant capital into active, yield-bearing assets. While traditional DeFi protocols incentivize users to keep their assets idle in lending pools, Fluidity shifts the focus to transaction-based rewards.

When a user wraps TUSD into fTUSD, the underlying stablecoin is deposited into money markets to earn interest. This cumulative interest forms a reward pool. Every time a user sends, swaps, or spends fTUSD, they are entered into a drawing to win a portion of this pool. This mechanism ensures that value moves through the system via utility rather than just accumulation. As the ecosystem grows, the volume of transactions increases the potential reward pool, creating a self-sustaining cycle of utility-driven yield.

What Makes Fluid TUSD Unique

• Dual Reward System: Both the sender and the receiver of an fTUSD transaction can receive a portion of the randomly generated rewards, incentivizing merchants and peers to accept the token.
• Yield Through Utility: Unlike standard stablecoins that offer passive yield only to holders, fTUSD requires active on-chain movement to trigger potential rewards.
• Zero-Cost Rewards: Users do not pay extra fees to participate in the drawing; the rewards are purely funded by the interest generated from the underlying collateral.

What Can You Use Fluid TUSD for?

Fluid TUSD is pegged to the US Dollar.

1. Value retention: fTUSD allows users to hold a digital, on-chain representation of the US Dollar, which may reduce exposure to the inherent volatility of the broader cryptocurrency market.
2. Yield generation: Holders can potentially earn yield through the protocol's Transfer Reward Function (TRF) by transacting with fTUSD. The yield is sourced from underlying lending activities in protocols like Aave and Compound.
3. Cross-border settlement / value transfer: It provides a capability for international remittances and global trade, allowing for the frictionless transfer of US Dollar value across the Ethereum network.
4. Collateralization: fTUSD can be used as backing for borrowing and lending protocols or as margin for decentralized derivatives, depending on third-party protocol support.

How Does Fluid TUSD Work?

Fluid TUSD works by wrapping TrueUSD into a smart contract that manages the underlying collateral. When TUSD is deposited, the protocol mints an equivalent amount of fTUSD and simultaneously lends the TUSD to decentralized money markets.

The protocol utilizes a Transfer Reward Function (TRF), a mechanism that calculates and distributes rewards on a per-transaction basis. Each transaction on the network acts as a 'ticket' in a lottery-style drawing. If a transaction is selected, the smart contract automatically distributes the reward to the participants. Because fTUSD is an application utility token, users pay protocol service fees for these interactions, while the underlying network (such as Ethereum) handles the fundamental transaction processing.

Team Info and Investors

Fluidity Money was founded by Shahmeer Chaudhry, a game designer who sought to gamify financial incentives. The project raised $1.3 million in a seed funding round led by Multicoin Capital. Other notable investors include Circle Ventures, Solana Ventures, Lemniscap, and NGC Ventures. The protocol also received development grants from major DeFi entities, including Aave, Compound, and Polygon. The project’s smart contracts have undergone audits by security firms such as Bramah Systems and Hashlock. In 2024, the team announced a shift in focus toward the Superposition ecosystem, beginning the process of sunsetting existing Fluid Assets.

Where can you buy Fluid TUSD?

FTUSD tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Fluid TUSD is N/A, where the most active trading pair fTUSD/TUSD has a trading volume of $0.00 in the last 24 hours.

What is the liquidity of Fluid TUSD (FTUSD)?

The total liquidity of Fluid TUSD is $0.00. If you own FTUSD tokens, liquidity of the token is low and prices may differ drastically. Proceed with caution.

What is the liquidity of Fluid TUSD (FTUSD)?

The fully diluted valuation (FDV) of Fluid TUSD (FTUSD) is $0.00. This is a statistical representation of the maximum market cap, assuming the maximum number of FTUSD tokens are in circulation today.