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Defi lending platform Fluid Protocol completes $3.90 million seed round

Fluid Protocol, a decentralized lending platform protocol, announced the completion of a $3.90 million seed round of financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings, and Maelstrom. Fluid announced that it will launch a native stablecoin USDF, and the new funding will accelerate the development and launch of USDF, fund security audits to ensure protocol security, and expand the team.