So, @JupiterExchange partnered with @0xfluid and it's quietly becoming the DeFi monster.
🧵
II. ICYMI, @0xfluid's architecture is adopting a multi-VM approach via Jupiter Lend.
"Wait, but how does it differ from other lending markets like @MorphoLabs?"
III. Well, you can access loans with up to 95% LTV, which is higher than the typical 75% offered by @MorphoLabs.
These loans come with minimal liquidation penalties, isolated risk, and the convenience of repaying from any wallet using just a link.
"What about lenders?"
V. It's also worth noting that @0xfluid receives 50% of the revenue generated by Jupiter Lend.
If it scales similarly to @JupiterExchange's DEX aggregator, which is responsible for ~95% of @solana's DEX volume, it could be... massive.
VI. $FLUID buybacks will be activated when annualized revenue hits $10 million (currently, it's around $7.7 million).
This milestone is imminent, particularly with the expansion to @solana and the launch of Fluid DEX V2 in April.
VII. I see $FLUID ($460M MC and $700M FDV) priced more like a niche or "forgotten" protocol, despite its infrastructure quietly eroding market share from @Uniswap and @aave.
Over time, as @0xfluid solidifies its role in both DEX and lending markets, the valuation should reflect its dual functionality.
🌊
What do you, bois, think of @JupiterExchange and @0xfluid partnership?
@splinter0n @0xDefiLeo @the_smart_ape @0xCheeezzyyyy @DOLAK1NG @YashasEdu @0xAndrewMoh @eli5_defi @_SmokinTed @RubiksWeb3hub @kenodnb @rektonomist_
I hope you've found this thread helpful.
Follow me @belizardd for more.
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