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![DefiMoon Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1136776548013334529.png) DefiMoon 🦇🔊 [@DefiMoon](/creator/twitter/DefiMoon) on x 22.6K followers
Created: 2025-07-03 19:31:59 UTC

Curve's strategic $USDT, $USDC and $USDe pools did a lot of damage to Fluid's stablecoin LPs due to the lower fees: 

Fees across all of Fluid's stablecoin pools have been in decline since May and now they're lowering fees even more to try and win back some volume.😄

The real risk here is bad debt for Fluid passive lenders as LPs pile on the leverage to try and squeeze out more fees as competition goes up. 

⚠️Imo it's only a matter of time before a depeg event results in substantial bad debt for passive Fluid LPs. 

Remember that Fluid's USDC-ETH LPs already got rekt as the devs failed to disclose the risks from  rebalancing, now they're creating conditions where the risk of bad debt goes up materially for passive lenders: 
 

$CRV $FLUID $GHO $crvUSD

![](https://pbs.twimg.com/media/Gu9KdphXoAEbcZ5.jpg)

XXXXXX engagements

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**Related Topics**
[all the](/topic/all-the)
[debt](/topic/debt)
[default risk](/topic/default-risk)
[$usde](/topic/$usde)
[$usdc](/topic/$usdc)
[$usdt](/topic/$usdt)
[coins bsc](/topic/coins-bsc)
[coins stablecoin](/topic/coins-stablecoin)

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