Fluid DEX v1 proved that smart collateral + smart debt unlock unparalleled capital efficiency for non‑volatile pairs. Yesterday, Fluid cleared 55% of all stablecoin volume across Ethereum, Arbitrum, Base, and Polygon. I believe this success will extend to volatile pairs with FLUID DEX v2. Currently DEX v1 does programmatic range management that works well for non volatile pairs, but DEX v2 will introduce the ability for LPs to tailor their liquidity exactly like in uniswap's granular tick based system. Let me explain why ⬇️ Imagine you are a market maker in Uniswap's ETH-USDC pool today. Everything else equal do you prefer earning lending rates on top of whatever your current asset composition is? The obvious answer is yes. As a result, smart collateral on its own is always superior to simply LPing in Uniswap. Happy to hear contrarian views to this. Now a market maker provides liquidity because they believe its a winning strategy, i.e they express a market view that fees will outweigh losses resulting from asset composition changes. Smart debt allows market makers to low‑cost leverage their strategies. It reduces their cost of capital. The degree of leverage and resulting liquidity will obviously be not used to the same degree as with pegged pairs because volatile pairs also make your LTV more volatile and hence high leverage leads can lead to liquidations. Still a healthy level of leverage with some looping allows market makers to scale their liquidity at minimal capital cost. TLDR, the capital efficiency unlocked by smart collateral and smart debt put Fluid LPs at a competitive advantage and as a result LPs can profitably offer lower fees to trader