Yield Protocol Fluidity Raises $1.3M in Seed Round Led by Multicoin Capital

Yield protocol Fluidity announced that it has raised $1.3m in a seed round led by Multicoin Capital, with participation from Circle Ventures, Solana Ventures, Lemniscap and others. The fund will be used for the mainnet launch scheduled for November.

Fluidity introduced an incentive mechanism that rewards users for on-chain transactions. Users can wrap stablecoins with Fluidity to get fTokens. For example, they can turn $USDC into $fUSDC. Users will be rewarded when using the fTokens.