# Fluid Protocol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fluid-protocol

- Industry: Financial Services
- Headquarters: Miami, US
- Website: www.fluidprotocol.xyz
- Total disclosed funding: $3.9M
- Latest round: Seed (Oct 23, 2024)
- Investors on record: 11

## About

Based in Florida, US, Fluid Protocol provides a lending platform specifically for the Fuel Network that features tools of unlocking liquidity without selling underlying assets. In October 2024, Fluid Protocol raised USD 3.9 million in seed funding from Bloccelerate VC, Animoca Ventures, CMS Holdings, LLC, Maelstrom, Veil Capital, Builder Capital, Infinity Ventures, RockTree Capital, Wise3 Ventures, Stake Capital and Relayer Capital Management. 

Fluid Protocol is centered around its core product, the Native Stablecoin of Fuel, designed to enhance transaction efficiency and stability within the Fuel ecosystem. This stablecoin functions as a decentralized currency that operates on a blockchain platform, providing users with a secure and reliable means of conducting transactions. The primary use case for the Native Stablecoin is to facilitate low-cost transfers, particularly in decentralized finance (DeFi) applications. This product is aimed at a diverse customer base, including individual cryptocurrency users, DeFi developers, and businesses looking to integrate stablecoin transactions into their operations. Geographically, the Native Stablecoin is utilized in North America, Europe, and parts of Asia.

Fluid Protocol generates revenue through transaction fees associated with the use of its Native Stablecoin within the Fuel platform. For instance, when users engage in transactions—such as trading, staking, or providing liquidity—they incur a fee that contributes to the company’s revenue stream. The transaction structure typically involves B2B and direct-to-consumer interactions, where businesses leverage the stablecoin for their operational needs, while individual users utilize it for personal and investment purposes. 

The company intends to use the October 2024 funding to establish its branding and deliver cutting-edge solutions for its users.

## Funding rounds

- Seed, Oct 23, 2024, $3.9M — Bloccelerate VC, CMS Holdings, LLC, RockTree Capital, Stake Capital, Infinity Ventures, Maelstrom, Veil Capital, Animoca Ventures, Relayer Capital Management, Builder Capital, Wise3 Ventures

## Investors

- Bloccelerate VC (https://capitalatlas.ai/funds/bloccelerate-vc) — Seed
- CMS Holdings, LLC (https://capitalatlas.ai/funds/cms-holdings-llc) — Seed
- RockTree Capital — Seed
- Stake Capital (https://capitalatlas.ai/funds/stake-capital) — Seed
- Infinity Ventures (https://capitalatlas.ai/funds/infinity-ventures) — Seed
- Maelstrom (https://capitalatlas.ai/funds/maelstrom) — Seed
- Veil Capital — Seed
- Animoca Ventures (https://capitalatlas.ai/funds/animoca-ventures) — Seed
- Relayer Capital Management (https://capitalatlas.ai/funds/relayer-capital-management) — Seed
- Builder Capital (https://capitalatlas.ai/funds/builder-capital) — Seed
- Wise3 Ventures (https://capitalatlas.ai/funds/wise3-ventures) — Seed