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Today's News Recap
Cronos Controversy - Cronos blockchain to reissue 70 billion burned tokens after controversial vote.
Edits Imminent - SEC may revise or axe proposed Biden-era crypto custody rule.
Stay Safe - Microsoft warns of new trojan malware targeting crypto wallets like MetaMask, Phantom, and Coinbase.
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Messari Research
Fluid’s Borrower-First Strategy: Competing for DeFi’s Core Lending Market
Enterprise Sneak Peek
By: Kinji Steimetz
Fluid is positioning itself as a direct competitor to Aave by targeting the core DeFi lending market—stablecoin borrowing against ETH—rather than focusing on niche or permissionless lending. By introducing borrower-centric features like Smart Debt and Smart Collateral, Fluid aims to reduce borrowing costs while maintaining a pooled-risk model. This report explores Fluid’s lending innovations, market positioning, and revenue potential, projecting it could reach 10% of stablecoin and ETH borrowing market share by Q4 2027, with a total base case valuation of $700 million.
To read the full report, upgrade to Messari Enterprise.
