Fluid: Instadapp's Innovative Lending, Borrowing, and DEX Protocol

In this episode of The Edge Podcast, DeFi Dad and Nomadic interview Samyak Jain, the co-founder of Instadapp, about Fluid, a new DeFi protocol that combines elements of lending, vault, and DEX protocols. Samyak explains Fluid's architecture, highlighting its liquidity layer that aims to solve liquidity fragmentation and enhance security through automated limits and protocol classes. The discussion covers the lending protocol, focusing on simplicity and long-term reliability, and the vault protocol, which allows for high loan-to-value ratios and innovative liquidation mechanisms. Samyak details how traders can act as liquidators, improving efficiency and reducing liquidation penalties. The conversation also explores the DEX protocol, including the concepts of smart debt and smart collateral, and concludes with a discussion on the INST token's role in governance and the growth plans for attracting liquidity to the Fluid protocol.