Fluid releases a proposal for brand revitalization and growth plan, intending to rename the token INST to FLUID

ChainCatcher news, the DeFi protocol Fluid Protocol under the Instadapp team has released a brand redesign and growth plan proposal, proposing to rename the token INST to FLUID and implement a buyback plan of up to 100% of revenue. The proposal also suggests allocating 12% from the governance fund for growth initiatives while retaining 43% of the governance funds.

Fluid plans to launch a series of upgrades in the next 12 months, including launching a DEX on L2, upgrading the ETH Lite Vault, adding more asset support, and launching DEX v2.