⚓Lockdrop

Introducing the Lockdrop

The lockdrop represents an innovative token distribution event tailored to bolster liquidity and foster a committed community. It is a key phase in the protocol’s lifecycle, designed to transition Blueberry from its initial development phase into a fully-fledged, community-driven protocol.

Functionality and Incentives

For the first 60 days following the protocol's launch, the lockdrop will distribute over 5% of $BLB's total supply to participating lenders. These lenders are vital in providing the liquidity necessary for Blueberry's leveraged market operations. To encourage their contribution, they will be granted $bdBLB tokens with a heightened emission rate during this early stage, balanced with a nominal withdrawal fee to promote long-term engagement.

Strategic Vesting for Value Alignment

The Token Generation Event (TGE) marks the start of a strategic vesting period, during which the accrued $bdBLB tokens will be locked for one year. The locking mechanism is designed to reward early participants, with a lower initial $BLB value, thus incentivizing early contributions and alignment with the protocol’s growth trajectory.