Fluid’s use of Arbitrum’s technology allows users to change from traditional currencies, to DUSD (Fluid’s Digital Cash) into ETH, all in the same app, and in seconds. It’s more flexible for DeFi and TradFi users alike.
Unlike algorithmic stablecoin technology, Digital Dollars do not lose their peg. For every dollar you mint, you will always get 1 DUSD. For every DUSD you burn, you will always get 1 dollar. The revolutionary single point liquidity pool integrates a Chainlink oracle into a pool with Fluid, at the intersection of traditional finance and crypto.
Arbitrum, a layer 2 scaling solution for Ethereum from Offchain Labs, works to lower fees and increase capacity by users. The technology came about to address shortcomings of the Ethereum mainchain: slow processing times, and high fees were two of the main issues.
Fluid Finance founder and CEO Robert Sharratt said: “Fluid’s goal is to bring two financial worlds of traditional and digital finance together. Working on Arbitrum’s network allows our users to have a truly seamless bridge to crypto, in seconds, and in one super-app”.
“Arbitrum was built to make Ethereum more inclusive with faster transactions and lower fees. We’re excited to see Fluid reach a broader audience and enable DeFi mainstream adoption”, – says A.J. Warner, Chief Strategy Officer at Offchain Labs.
Thanks to Arbitrum, you can drag and drop your money to and from crypto in seconds with Fluid. No need to resort to an exchange with high fees, multiple keys and accounts, or slow transaction processing.