Fluid Protocol is building $USDF, the native stablecoin of Fuel Network. Users are able to draw interest free loans against a single collateral type where loans are paid out in Fluid’s native stablecoin USDF, where a fixed minimum collateral ratio must be maintained. Users will be able to redeem USDF for their collateral anytime at face value. 💵 Loans are in turn secured by the stability pool, where users can deposit USDF, which can then be utilized to immediately repay un-collateralized loans. In exchange, they will receive collateral upon liquidations and rewards in FPT, Fluid’s protocol token. 💰 Protocol Advantages: ✅ No Governance ✅ Censorship Resistant ✅ Over-Collateralized ✅ Capital Efficient ✅ Interest-Free Loans ✅ Partial Liquidations ✅ Simple MCR mechanism