ChainCatcher message, according to Arkham data, at 23:26, 1000.94 PAXG (worth approximately $4,852,000) was transferred from samurai.eth to Fluid (Instadapp).

ChainCatcher message, according to Arkham data, at 16:38, 502 PAXG (worth approximately $2.67 million) were transferred from Fluid (Instadapp) to samurai.eth.

ChainCatcher message: According to Arkham data, at 14:42, 500 PAXG (worth approximately $2,545,600) were transferred from Fluid (Instadapp) to samurai.eth.

The Solana community questions Jupiter Lend's risk disclosure, and Fluid's co-founder admits that their vaults have issues with rehypothecation and are not fully isolated. Kamino's co-founder states they will block the migration of Jupiter Lend tools, believing users are being misled. The controversy centers on the fact that Jupiter Lend's claimed isolated vaults actually use rehypothecation technology.

The Solana community is questioning the independence of Jupiter Lend’s vaults. Fluid and Kamino co-founders pointed out that the vaults are not fully isolated and admitted to using re-staking to improve capital efficiency. Jupiter Lend’s commitments have been criticized as misleading, and users have not been adequately informed of the risks.

ChainCatcher news, according to The Defiant, Solana lending protocol Kamino has faced criticism for blocking users from transferring loans via Jupiter Lend's refinancing tool. Kamino manually blacklisted the on-chain address of Jupiter Lend’s newly launched Refinance tool, preventing users from closing positions through that address. Kash Dhanda, a core contributor at Jupiter, expressed his dissatisfaction about this on X. Fluid, a DeFi liquidity protocol co-founder Samyak Jain, pointed out that Kamino directly added a checking mechanism to lock users, preventing them from moving to platforms with higher yields. According to DefiLlama data, the total value locked in Solana’s lending markets is approximately 37

Recently, on-chain analysts pointed out that the FLUID token briefly rose by 50%, possibly due to Wintermute purchasing FLUID for $500,000 and planning to buy back at a discount to repay loans. Currently, Wintermute holds a large amount of FLUID, with the loan due in mid-December.

Foresight News reports that the lending protocol Fluid has announced the creation of an on-chain reserve for the FLUID Token, guided by a buyback and growth strategy. The team is developing a dedicated buyback and tracking system to determine the optimal proportion of protocol revenue used for buybacks. During this period, the DAO will take a transitional approach, using 100% of Ethereum Mainnet revenue for buybacks in the first month (approximately $1.7 million at current levels). The buyback officially started in the first week of October.

Gate News Bot news, September 25, according to CoinMarketCap data, as of the time of writing, FLUID (Fluid) is currently priced at 7.01 USD, with a rise of 34.46% in the last 24 hours, reaching a high of 9.15 USD and a low of 5.06 USD. The 24-hour volume is 407 million USD. The current market capitalization is approximately 538 million USD, an increase of 138 million USD compared to yesterday.