About this explorer

Fluid is a lending protocol organised as vaults: each vault pairs one collateral token with one debt token, and a position is an NFT living in exactly one vault. Fluid quotes no dollar prices anywhere — each vault's oracle prices collateral directly in the debt token, the same measure its liquidation engine judges by. Liquidations are partial by design: the engine sweeps whole price bands and clears just enough to bring positions back to health.

Each row of the listing is one position: its collateral and its debt, stated in the vault's own token pair, with every liquidation that touched it shown on its timeline. Or compare the vaults and their risk ladders.