Fluid Developers Seek Foundation to Comply with Regulatory Requirements

Fluid developers have submitted a proposal to transfer all intellectual property (IP) related to the DeFi protocol to a Cayman Islands-based nonprofit foundation.

The new foundation, called the Fluid Foundation, aims to balance decentralised governance with regulatory requirements. It would enable Fluid's developers to comply with anti-money laundering and know-your-customer rules when interacting with traditional financial institutions.

The foundation would be governed by the constitutional documents, giving $FLUID token holders ultimate authority over the protocol's IP and resources.