Blueberry (BLB)

Blueberry is a leveraged yield protocol that unifies the DeFi experience by aggregating, automating, and boosting capital efficiency for top DeFi strategies.

Seed Round: $1.2 Million

Testnet: https://testnet.blueberry.garden/

Whitepaper

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What is Blueberry

Blueberry provides next-gen tools for DeFi yield strategists to enjoy new on-chain capabilities and a superior user experience. Blueberry combines an internal lending market and "position NFTs" that combine a user's collateral, debt, and deployment into one position. This allows users to utilize up to 6x leverage for their yield strategy deployments of choice. Positions are sent to liquidation at a -85% or -90% PnL depending on the collateral supplied, so it is recommended to users close losing positions prior to liquidation.

Blueberry enables leverage into the best of DeFi as an aggregator of existing strategies: leveraged long yielding positions, delta neutral/pseudo delta neutral yield strategies, and finally our own custom Uni v3 Strategies.

Blueberry Vaults, our custom Uni v3 strategies, attempt IRR relative to a single deposit asset. This simplifies the experience, as you can keep directional exposure in one asset. This mitigates IL and works far better with a leveraged position. Through backtests, vaults have seen 10-75% IRR from only trading fees, one of the few sustainable forms of real yield in DeFi.

One key feature of Blueberry Vaults is that you can supply token collateral and enter a liquidity position on the same token, without needing to sell or provide pair asset liquidity. This way, users can maintain their full token exposure while LPing to earn a yield.