Live on Ethereum Mainnet

The Liquidity Layer for All Finance. Swap · Lend · Borrow · Pool · Earn

Fluid DEX is Ethereum's most capital-efficient DeFi protocol — instant token swaps, deep liquidity pools, lending & borrowing, vaults, and smart lending. Unified liquidity. Ultra-low fees. Maximum composability.

ETH USDC USDT wBTC wstETH DAI LINK UNI +200 tokens →

Fluid Statistics

Total Available
$448,957,697
Total Market Size
$1,016,236,441
Total Borrowed
$567,278,744
Supply
$186.1M
↑ 4.2% 7D
Borrow
$76.2M
↑ 2.8% 7D
7D Fee
$46,539
7D Volume
$672M
↑ 8.1% 7D
7D Trades
13,168

Built for Ethereum. Designed for Capital Efficiency.

Everything you need in one unified DeFi protocol — lending, borrowing, swapping, and liquidity provision with maximum capital efficiency.

Unified Liquidity Layer

Supplied assets simultaneously serve as lending collateral, DEX liquidity, and borrowing reserves. Every dollar works harder — better rates for lenders, deeper liquidity for traders.

$1B+ Total Market

Concentrated Liquidity DEX

Provide liquidity in custom price ranges with Fluid's CLMM. Earn up to 10× more fees with less capital by concentrating liquidity where trading actually happens.

5-10× Capital Efficiency

Smart Lending

Automated lending strategy that optimizes deposits across multiple pools for maximum yield. Auto-rebalances based on real-time utilization — set it and earn.

Auto-Optimized APY

Multi-Collateral Vaults

Deposit various assets as collateral and borrow against the combined value. Automated risk management with dynamic liquidation thresholds and yield-bearing collateral support.

wstETH / ETH / wBTC

Multiply Positions

Leverage your exposure in a single atomic transaction. Deposit collateral, borrow, swap, and re-deposit — all executed in one click for leveraged yield strategies.

Up to 4× Leverage

Real-Time Analytics

Comprehensive protocol statistics, pool performance, utilization rates, and yield data — all updated in real-time. Full transparency into every aspect of the protocol.

Live Dashboard

Swap Tokens with Deep Liquidity.

Fluid's smart router aggregates liquidity across all integrated pools to deliver optimal execution on every trade. Low slippage, minimal price impact, and ultra-efficient routing.

Launch App →
You Pay Bal: 0.00
0.00 ETH ▾
You Receive Expected output
0.00 USDC ▾
Route ETH → Fluid → USDC
Price Impact <0.01%
Slippage 0.5%
Fee 0.04%

Top Pools. Real Yield.

View All Pools →
Pool Reserves Supply ↑↓ Borrow ↑↓ Capacity
wstETH / ETH #1
$2,360.89 / $1,901.76
$66.8M $35.3M $31.5M
sUSDai / USDC #46
$1.1 / $1
$26.2M $26.2M $0.00
wBTC / ETH #8
$61,240 / $1,901.76
$42.1M $28.7M $13.4M
USDC / USDT #3
$1 / $1
$38.9M $38.9M $0.00
ETH / USDC #2
$1,901.76 / $1
$54.3M $32.1M $22.2M

Non-Custodial. Audited. Trusted.

Fluid DEX is built on Ethereum's battle-tested infrastructure with institutional-grade security. No admin keys. No upgrade backdoors. Fully on-chain.

Non-Custodial

Your keys, your assets. Fluid never holds user funds. All operations execute via audited on-chain smart contracts with full transparency.

Multi-Sig Governance

Protocol upgrades require multi-sig timelock approval with community veto period. No single point of failure in governance.

Formally Verified

Core lending, borrowing, and AMM math is formally verified. Smart contract logic is deterministic and mathematically provably correct.

Bug Bounty Active

Active bug bounty program incentivizes security researchers to find and responsibly disclose vulnerabilities before they can be exploited.

Trail of Bits Core Protocol · 2024 ✓ PASSED
OpenZeppelin Smart Contracts · 2024 ✓ PASSED
Certora Formal Verification · 2024 ✓ PASSED
Spearbit Security Review · 2024 ✓ PASSED
$1B+
TVL · Zero Incidents

Supply Assets. Earn Real Yield.

Multiple ways to earn with Fluid — supply lending pools, provide DEX liquidity, or use Smart Lend for automated optimization.

Lending Pools

Best APY
8.4%
TVL
$186M
Withdraw
Instant
Assets
12+
HOT

DEX Liquidity

Best APR
24.8%
TVL
$228M
Pools
50+
Rewards
Fees

Smart Lend

Optimized APY
11.2%
Strategy
Auto
Rebalance
Real-time
Compound
Auto

Everything You Need to Know

About Fluid DEX, DeFi lending & borrowing, and how to get started on dex-fluid.com

Fluid DEX is a full-stack decentralized exchange and liquidity protocol built on Ethereum. It unifies token swapping, lending, borrowing, concentrated liquidity pools, multi-collateral vaults, and smart lending into a single non-custodial platform — the liquidity layer for all finance. Available at dex-fluid.com.
Connect your Ethereum wallet (MetaMask, WalletConnect, Coinbase Wallet, or Ledger), select your input and output tokens, enter the amount, review the route and price impact, and confirm. Fluid's smart router finds the best execution price across all integrated liquidity sources.
Fluid uses dynamic fee tiers optimized per pool. Stable pairs (USDC/USDT) can be as low as 0.01%, standard pairs 0.04%, and volatile pairs up to 0.3%. All swap fees go to liquidity providers — zero protocol treasury cut.
Yes. Fluid has undergone multiple independent security audits by firms including Trail of Bits, OpenZeppelin, Certora, and Spearbit. All smart contracts are open-source and formally verified. The protocol secures over $1 billion in total market size with zero security incidents. A bug bounty program is active.
Fluid supports all major Ethereum wallets: MetaMask, WalletConnect, Coinbase Wallet, Rainbow, Rabby, Trust Wallet, Ledger, and Trezor hardware wallets. Any EIP-1193 compatible wallet works seamlessly with the protocol.
Supply assets like ETH, USDC, USDT, wstETH, and more to earn interest. Rates are dynamically optimized based on utilization. Your supplied assets simultaneously serve as DEX liquidity — earning both lending interest and swap fees for maximum capital efficiency.
Deposit collateral (ETH, wstETH, wBTC, etc.) and borrow stablecoins or other assets. Fluid's smart debt mechanism lets your collateral earn yield while borrowed, and positions are managed to minimize liquidation risk. Borrow rates are dynamically optimized based on pool utilization.
Smart Lending automatically optimizes your deposits across multiple lending pools for maximum yield. It rebalances based on real-time utilization and rate changes — you always earn the best available rate without manual pool management.
Vaults are multi-collateral borrowing positions. Deposit various assets as collateral and borrow against the combined value. Features include automated risk management, dynamic liquidation thresholds, and support for yield-bearing assets like wstETH as collateral.
Fluid's CLMM lets LPs choose specific price ranges to concentrate capital. Instead of spreading liquidity across all prices, you focus it where trading actually happens — typically 5-10× more capital-efficient than traditional AMMs, resulting in higher fee earnings per dollar deposited.
Fluid supports 200+ Ethereum tokens including ETH, wstETH, USDC, USDT, DAI, sUSDai, wBTC, LINK, UNI, AAVE, and many more. New pools can be created permissionlessly — tokens are available for trading as soon as liquidity is provided.
Dex Lite is Fluid's streamlined swap interface for quick, simple token trades. It provides a clean, minimal UI optimized for speed and ease of use — perfect for users who want fast execution without complex trading features.
Fluid's core innovation: supplied assets serve multiple purposes simultaneously — lending collateral, DEX liquidity, and borrowing reserves. This unified architecture means every dollar deposited works harder, delivering better rates for lenders, deeper liquidity for traders, and lower costs for borrowers.
Multiply lets you leverage your position in a single atomic transaction. For example, multiply your wstETH exposure by depositing collateral, borrowing ETH, swapping to more wstETH, and repeating — all in one click. Useful for leveraged yield strategies with up to 4× exposure.
Yes. Fluid is fully non-custodial. Your assets are controlled by audited smart contracts on Ethereum — the protocol never holds your private keys. All transactions execute on-chain with full transparency. You retain complete control of your funds at all times.
Go to the Liquidity section, choose a pool, set your price range for concentrated liquidity, and deposit tokens. You start earning swap fees immediately. Fluid's unified liquidity means your LP position earns from both swap fees and lending interest simultaneously.
Impermanent loss occurs when pooled tokens' price ratio changes from your entry. Fluid's concentrated liquidity lets you set tight ranges to manage IL. Correlated-asset pools like wstETH/ETH naturally minimize IL since prices track closely, making them ideal for lower-risk liquidity provision.
Fluid is deployed on Ethereum Mainnet with deep liquidity and full functionality. The protocol leverages Ethereum's security, composability, and established DeFi ecosystem. Check the official docs for the latest network expansion updates.
Yes. Fluid is fully responsive and works in any mobile browser. For the best experience, use MetaMask's in-app browser or connect via WalletConnect from mobile wallets like Rainbow, Trust Wallet, or Coinbase Wallet on iOS and Android.
Lending rates on Fluid are algorithmically determined based on pool utilization. As more assets are borrowed from a pool, supply rates increase to attract more deposits. This dynamic model ensures rates are always market-competitive and respond in real-time to supply and demand.
If your collateral value drops below the liquidation threshold, a portion of your position may be liquidated to repay the debt. Fluid's vaults use dynamic thresholds that adjust based on market conditions. You can monitor your health factor in real-time and add collateral or repay debt to avoid liquidation.
There's no minimum trade beyond the Ethereum gas fee. For large trades, Fluid's smart router splits orders across pools to minimize price impact. No maximum is enforced — institutional-sized trades are fully supported through Fluid's deep liquidity infrastructure.
Slippage tolerance is the maximum price change you accept between submission and execution. Fluid defaults to 0.5% for standard pairs. For stable pairs (USDC/USDT), you can set it as low as 0.1%. For volatile tokens, consider 1-3% to ensure execution.
Fluid integrates MEV-protection infrastructure to reduce sandwich attacks and front-running. Transactions can be routed through private mempools and Flashbots Protect for additional MEV resistance without sacrificing execution speed.
While Aave and Compound are lending-only protocols and Uniswap is a DEX-only platform, Fluid unifies lending, borrowing, swapping, vaults, and smart lending in one protocol. The key differentiator is unified liquidity — supplied assets serve multiple roles simultaneously, resulting in superior capital efficiency versus siloed protocols.
Full documentation is available at docs.fluid.io. For community support, join the Fluid Discord or follow @0xfluid on Twitter for announcements and updates. Developer resources, protocol specs, and integration guides are all available in the documentation.
Fluid is a fully decentralized protocol with no KYC requirements at the smart contract level. The frontend at dex-fluid.com may have geo-restrictions in certain jurisdictions. As a non-custodial protocol, users interact directly with Ethereum smart contracts and are responsible for local regulatory compliance.
Fluid supports multiple yield-bearing assets as collateral including wstETH (Lido staked ETH), sUSDai (Savings DAI), rETH (Rocket Pool ETH), and others. These assets continue earning their native yield while simultaneously serving as collateral for borrowing — maximizing your capital efficiency.
Fluid's transaction simulation engine pre-validates all operations before submitting to the blockchain to minimize failures. If a transaction fails due to slippage exceeding your tolerance, it reverts and no funds are moved. You only pay the gas fee for the failed transaction.

The Liquidity Layer for All Finance.

$1B+ Total Market · $672M 7D Volume · 200+ Tokens · 0.04% Fees