Fluid Protocol is a CDP platform on Fuel that allows borrowing its stablecoin USDF at 0% interest. Level is also a CDP but doubles as a decentralized perpetual exchange, using yield-bearing stablecoins. The key difference is that Fluid focuses on simple, zero-interest borrowing, while Level integrates trading and yield generation. Fluid suits users seeking low-cost borrowing on Fuel, whereas Level suits those wanting a combined borrowing and trading platform.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $36.2KDefiLlama | $566.7KDefiLlama |
| MCap Rank | — | #5328 |
| Total Raised | $3.9M | $6.2M |
| Founded | 2022 | 2024 |
| Stage | — | — |
| X / Twitter | 32K | 32K |
| GitHub Stars | — | 17 |
| Chains | fuel | arbitrumbnb-chainethereum |
| Tags | DeFi, Stablecoin Protocol, DeFi | Restaking, Stablecoin Protocol, DeFi |
Fluid Protocol is a decentralized borrowing platform on Fuel that lets users deposit collateral to mint the USDF stablecoin at 0% interest. It maintains a 135% minimum collateral ratio and uses partial liquidations to ensure stability, unlocking liquidity for Fuel's assets.
Level Finance is a decentralized perpetual exchange on the BNB Chain, offering capital-efficient liquidity and risk management for traders. It also operates a yield-bearing stablecoin protocol on Ethereum that generates passive income from deposited USDT and USDC. The project has facilitated over $25 billion in total trading volume since 2022.