01 — Real capital at work
Aligned, not mercenary.
Aligned capital from partners who build on Cardano. Not mercenary yield farming — patient deployment with shared reporting.
Pilot Program Live
Aligned Capital on Cardano
Liquidity is
infrastructure.
A coalition of Cardano-native builders deploying aligned USDM capital into DeFi — publicly, patiently, together. Real capital at work, reported weekly.
The Problem
Cardano DeFi has the builders.
It lacks coordinated capital.
Without deep stablecoin liquidity, lending markets can’t offer competitive rates. RWA markets plateau. Institutions hesitate to participate.
USDM exists. But productive deployment is limited. The coalition changes that — aligning partners to deploy capital together, publicly and intentionally.
Liquidity is the difference between ‘available’ and ‘usable.’ By deploying USDM together, publicly and intentionally, we’re making Cardano DeFi more efficient: better borrowing conditions, deeper markets, and more real activity that developers and users can build around.
— Stig Kjos-Mathisen · NBX
The Flywheel
A repeatable cycle that compounds growth.
Mint, supply, borrow, earn, repeat. Each cycle deepens the markets the coalition tends.
01
Mint USDM
Acquire USDM through Moneta or NBX — the trusted on-ramps and foundation of stable capital.
02
Supply Liquidity
Deposit USDM into Cardano DeFi lending and liquidity markets, adding depth across the ecosystem.
03
Borrow Assets
Access competitive borrowing against your position — including tokenized RWAs.
04
Earn Yield
Generate returns through lending interest and liquidity incentives.
05
Repeat
Compound your position. Each cycle deepens liquidity and strengthens markets.
Borrower Rewards
Fluid is offering rewards for users who borrow during the pilot program — incentivizing real on-chain activity and sustained participation.
Start Earning →The Result
Deeper markets, better rates, and sustainable expansion across Cardano DeFi.
DeFi involves risk — including liquidation and smart-contract risk. See full risk disclosures →
What the coalition stands for
Three principles. One garden.
02 — Public by default
Every wallet labeled.
Every coalition wallet labeled. Every position traceable on-chain. Weekly snapshots. Monthly DeFi Pulse reports.
03 — Merit-based markets
Capital follows demand.
Capital goes where borrowers demand it. Allocation adjusts on 30-day data cycles, guided by on-chain activity.
Current TVL, utilization, and active loans are reported on the snapshot page, refreshed weekly.
Coalition Partners
One garden. Many gardeners.
Each partner tends a different part of the ecosystem.
Follow the Coalition
Hold USDM?
You’re part of the ecosystem.
Launching on Fluid is just the first step. The coalition will grow into more of the Cardano ecosystem as the program expands.
Want the coalition to come to your protocol next?