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Concrete Protocol (Blueprint Finance)

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Concrete is an appchain designed to enhance on-chain debt and credit, offering higher yields, liquidation protection, and advanced predictions within the decentralized finance (DeFi) space developed by Blueprint Finance. As the native base protocol for generating credit products and derivatives, Concrete addresses the missing link in on-chain finance, aiming to become a foundational element for a new class of credit, debt, and structured products in the crypto industry.

Strategic Round: $9.5M

Concrete Protocol White Paper Whitepaper

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FoundedUnited States
Registration year2023
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What is Concrete Protocol

Concrete is a decentralized finance (DeFi) project that provides a suite of products designed for secure, automated yield strategies and derivatives on any on-chain asset. Its primary goal is to unlock institutional-grade yield opportunities for users by generating returns on assets across multiple blockchain networks.

The platform's core offering, "Earn," is already live and allows users to deposit assets into vaults, receiving vault share tokens (ct[assets]) that represent their stake and entitle them to revenues. These vaults adhere to the ERC-4626 standard, featuring curated risk-adjusted strategies that deliver competitive APYs alongside reward points. Users can further enhance their yields by locking ct[assets] for boosted rates and greater incentives, with the tokens being composable for use throughout the DeFi ecosystem. Upcoming features include "Borrow," which will enable seamless borrowing from optimal money markets across chains, with Concrete covering gas fees for efficiency. Another innovation, "Liquidation Protection," will offer automated safeguards using a quantitative framework, allowing users to purchase protection in tranches to prevent foreclosures on leveraged positions.

Overall, Concrete aims to democratize high-yield DeFi tools through its on-chain infrastructure, positioning itself as universal yield infrastructure for the future of decentralized assets.

Funding Details

Funds Raised (as of now) 17,000,000 USD

Project team

Nic Roberts-Huntley
Nic Roberts-Huntley
Founder, CEO
Nic Roberts-Huntley linkedin-team
Dillon Liang
Dillon Liang
Co-Founder, CSO
Dillon Liang linkedin-team
oxgato
oxgato
VP, Engineering
oxgato x-team
Kareem Grant
Kareem Grant
Head of Product
Kareem Grant linkedin-team
Toji
Toji
Head of Marketing
Toji x-team

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MVP

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