Fluid, a DeFi protocol, has unveiled the launch of the weETH/wstETH vault, providing users access to leverage farming of up to 10x. Currently, the borrowing limit is capped at 10,000 wstETH. Users can engage in leverage farming through two straightforward steps: depositing the token and implementing the leverage strategy. For unregistered users, creating an account with Fluid is the first step.

This development is a result of collaboration with ether.fi and EigenLayer, aiming to offer the most competitive borrowing rates. It has garnered appreciation from community members, who see it as a capital-efficient option requiring cautious navigation. While the borrowing limit is expected to fill up quickly, Fluid may consider expanding it in the future.

Many community members have lauded this feature for providing up to 10x leverage. The auto-strategy is anticipated to be prominent, offering weETH collateral deposit, wstETH borrowing, and swapping wstETH for weETH.

The launch follows Fluid's recent integration into InstaDapp Pro, providing benefits such as high lending APRs, high LTV, and improved APRs, along with low liquidation penalties and high liquidation limits.

Fluid's last reported value exceeded $82 million, with total supplied and borrowed figures standing at over $178 million and $95 million, respectively.

Ether.fi and EigenLayer have confirmed their involvement in the launch of the weETH/wstETH vault on Fluid. Ether.fi is currently running Season 2, rewarding users for longer staking durations. The event runs from March 15, 2024, to June 30, 2024, with a total allocation of 5%.

StakeRank offers eight levels of ranks, allowing users to progress every 100 hours of staking ETH, with higher ranks earning more loyalty points.

EigenLayer, fresh from its mainnet launch, is undergoing a phased approach to enhance security and success, ensuring thorough performance monitoring and testing.

Looking ahead, Fluid may introduce additional vault offerings in the near future.