The article discusses the evolution of Instadapp from a DeFi aggregator to a full-fledged DeFi platform called Fluid. Fluid has gained popularity and currently has $1.2 billion in total value locked (TVL) across its money market. Additionally, Fluid's DEX on Ethereum has reached $428 million in 7-day trading volumes, making it the third-largest DEX behind Curve and Uniswap. Fluid's suite of applications combines established DeFi primitives with original innovations such as "smart debt" and "smart collateral" features. The governance of Fluid is governed by the INST token, and a proposal suggests converting INST to FLUID at a 1:1 ratio without any changes to the total supply. The proposal also includes plans for a token buyback program and allocating tokens for growth initiatives and liquidity across DEXs.



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