What are ibTokens?

  • When a user supplies their assets to Blueberry Protocol's earn strategies, ibTokens (interest-bearing Tokens) are used to keep track of the funds they have deposited as well as any interest earned in addition to the NFT representation of their position.
  • Each time a user supplies funds to the earn strategy, they are issued a corresponding balance in ibTokens. This balance of the ibTokens is directly proportional to the stake they have in the earn strategy, which accrues interest every block.
  • Each earn strategy asset has its own ibToken; for example, if a user deposits BTC to the specific earn strategy, they will receive a corresponding balance of ibBTC.