Fluid Protocol is a CDP on Fuel that allows borrowing USDF at 0% interest. Magma Finance is a CDP on Sui designed as a high-velocity settlement layer for Sui DeFi. They differ primarily by blockchain (Fuel vs. Sui) and by design focus: Fluid emphasizes zero-cost borrowing, while Magma targets fast, efficient settlement. Fluid suits users seeking interest-free loans on Fuel; Magma suits those needing a high-speed settlement layer on Sui.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $36.2KDefiLlama | $64.9KDefiLlama |
| MCap Rank | — | #390 |
| Total Raised | $3.9M | $6.0M |
| Founded | 2022 | 2024 |
| Stage | — | — |
| X / Twitter | 32K | 30K |
| GitHub Stars | — | — |
| Chains | fuel | iotexsui |
| Tags | DeFi, Stablecoin Protocol, DeFi | DeFi, DEX, Decentralized Finance (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.
Magma Finance is a decentralized exchange and liquidity protocol on Sui that provides adaptive liquidity, improved capital efficiency, and deeper execution depth for DeFi traders. It also offers a CDP platform on IoTeX that unlocks native chain token liquidity with 0% loans backed by IOTX collateral.