We are beyond excited to announce our collaboration with Blueberry Protocol, the cutting-edge leveraged borrowing market on Ethereum.
Blueberry is spearheading the next generation of DeFi growth with innovative, highly scalable real-world asset products such as its permissionless T Bill derivative.
Their protocol massively increases capital efficiency for borrowers on-chain with its robust lending market. This partnership promises to bring revolutionary advances in the DeFi space.
A Shared Vision
A valuable breakdown of our tokenomics from our friends and partners.
— Blueberry Foundation 🫐🫐 (@blueberryFDN) August 3, 2023
It is incredibly important to us to design and launch a token that is fair, practical, and community first, which we believe we have achieved together 🤝. https://t.co/eY8DMQBHDB
Our collaboration focuses mainly on amplifying the Blueberry Protocol tokenomics model, fine-tuning it, and conducting meticulous stress tests to ensure its resilience in the face of market fluctuations. We’re also providing guidance for the implementation of their future governance model.
Blueberry Protocol’s tokenomics design perfectly embodies a community-centric token with engaging incentives. These incentives align harmoniously with the product features and the preferences of the users. By putting the community first, most of the tokens, particularly during the initial 12 months, are dedicated to community-related initiatives.
Empowering the Community
Blueberry Protocol recognizes the importance of active participation, widespread distribution, and democratic decision-making. Through prioritizing community-driven pools in the early stages, the protocol is laying the groundwork for the community to play a significant role in shaping the future direction of the project.
Slater Heil, CEO at Blueberry Protocol, recently commented:
"Black tokenomics has consistently been one of the most professional teams we have worked with, delivering high quality work every time with an unmatched knowledge of tokenomics mechanics."
— Black Tokenomics (@blacktokenomics) August 3, 2023
Slater Heil, CEO at Blueberry Protocol.
We are proud of the mutual respect and admiration that fuels this collaboration.
Blueberry Protocol: An Overview
For the uninitiated, Blueberry Protocol is a decentralized lending market that enables leveraged borrowing up to 20x or more of your collateral value. Its innovative design supports every strategy on Ethereum over time, making it one of the first protocols to enable decentralized access to generalized leverage on Ethereum.
It combines user’s collateral, debt, and deployment into one position, enabling borrowing of 1000% LTV or more while maintaining a healthy system. This approach allows the protocol to provide a higher lending interest rate compared to most of the other lending protocols, and ensures the safety of lenders by whitelisting various assets and strategies.
