TL;DR
- Instadapp proposes a rebranding and changing its name to Fluid, with the conversion of INST tokens to FLUID 1:1, with no dilution for current holders.
- 12% of the project’s treasury will be allocated to growth initiatives, aiming to reach a $10 billion market cap by 2025.
- Fluid, which is already the third-largest DEX on Ethereum, will implement an algorithmic buyback program after surpassing $10 million in annual revenue.
Instadapp proposes a strategic change for its Fluid protocol, which has experienced significant growth since its launch. In a proposal published on December 3, the platform detailed plans for rebranding, restructuring its tokenomics, and an incentive program aimed at consolidating Fluid as the leading liquidity layer in the DeFi ecosystem.
One of the most important points of the proposal is the rebranding of Instadapp to Fluid, accompanied by the conversion of its INST tokens to FLUID at a 1:1 ratio. This transition aims to strengthen Fluid’s identity. The proposal also emphasizes that this change will not result in any dilution for current INST holders, as the total number of tokens and the address of its smart contract will remain unchanged.
In terms of tokenomics, a strategic allocation of 12% of the project’s treasury is planned to finance growth initiatives, including activities such as liquidity creation, exchange listings, and fundraising campaigns. Additionally, 5% of the tokens will be allocated to ensure liquidity for FLUID in decentralized pools. Through these mechanisms, Instadapp aims to reach a market cap of $10 billion by the end of 2025.
Instadapp and Fluid’s Enormous Success
The rapid success of Fluid is evident in its achievements, as in just three weeks of operation, the protocol has processed over $1 billion in trading volume. Fluid is already the third-largest DEX on Ethereum, standing out with its wstETH/ETH and cbBTC/WBTC pools. The platform also plans to expand in the future to include financial products such as derivatives, real-world assets, and interest rate swaps.
To ensure long-term growth, the proposal includes an algorithmic buyback program that will be activated once Fluid achieves annual revenues exceeding $10 million. This program will be dynamically adjusted based on market conditions, using funds to buy back tokens when the price is low and redistribute them among users or the treasury.
