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What is Blueberry?
Blueberry protocol is a decentralized lending market enabling lending and leveraged borrowing up to 20x or more of your collateral value. You can use leveraged loans to deploy into in any integrated strategy on the protocol. Blueberry's flexible and modular design allows support for every strategy on Ethereum over time. Examples of currently integrated strategies include Convex, Curve, Leverage Trading, Yield Arbitraging, and Uniswap v3 automated vaults.
Blueberry is one of the first protocols to enable decentralized access to generalized leverage on Ethereum. In order to ensure the safety of lenders on the protocol, the DAO whitelists various assets and strategies that can be utilized within the protocol.
Roles of Protocol Participants
- Lenders can lend many assets, e.g. ETH and USDC on Ethereum, to earn a higher lending interest rate compared to most of the other lending protocols due to the incentive to utilize leveraged loans. Lenders also receive governance token incentives due to their essential role in the ecosystem.
- Strategists can perform leveraged strategies by borrowing up to 20x collateral supplied and customizing their position.
- Liquidators can perform liquidations on active positions that are at a negative profit and loss to earn a liquidation incentive on making the position whole for the lender.
Explainer Video
Last modified 2mo ago