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FAQ
Frequently asked questions about the security of Fluidity and its mechanisms.
Fluid Assets are a regular token to the corresponding blockchain, (ERC-20, SPL Token). As long as Fluid Assets are supported on your chain of choice and your protocol or application supports regular tokens then you are able to participate in the Fluid Economy.
You have total ownership of your Fluid Assets. A Fluid Asset is essentially a wrapped token whose value is tied to that of the underlying base cryptocurrency.
There is no risk of losing the base asset as Fluid Assets are 1:1 pegged to their base asset counterparts and can be redeemed fully at any time.
When you use a Fluid Asset, your balance may increase. This means you have received a reward. The number of rewards you win changes based on several variables. You do not have to claim them; they will be airdropped to the wallets that originated and received the Fluid Assets.
Rewards are distributed in an 80-20 manner. The sending party receives 80% of the reward and the receiving party receives 20% of the reward.
Fluid Assets are pegged to the collateral and Fluidity does not hold custody of your tokens - they are escrowed on the smart contract.
You are free from market volatility risk when exchanging your Fluid Assets to the base asset you have deposited at any point in time through our web application, and if it is down, through the method call on the corresponding swap smart contract.
You can use Fluid Assets in any supported Blockchain and Protocol.
We are currently live on both Ethereum and Arbitrum mainnet, and plan on releasing on Solana, Polygon as well as other chains in the near future!
There are a variety of use-cases where Fluid Assets may be used, some of which include:
- Sending, receiving, and swapping tokens
- Minting, trading, and selling NFTs
- Blockchain-based gaming
- Performing transactions in a DEX
Anything that requires a transaction of value to be made can be enhanced through the interaction within the Fluidity ecosystem. You can have a more detailed read on Fluidity utility and use-cases below:
Last modified 7mo ago