16 Watchlists
DeFi
BLU Price
Contracts/Explorers:
Ethereum
Funds and Backers
Bluejay Finance is a capital-efficient decentralized stablecoin protocol for issuing stablecoins pegged to real-world currencies
Bluejay Finance is a capital-efficient decentralized stablecoin protocol for issuing stablecoins pegged to real-world currencies. Every stablecoin issued is backed by protocol-owned liquidity. There are two main strategies for market participants: Staking and Bonding. Stakers stake their BLU tokens in exchange for more BLU tokens while bonders provide liquidity or DAI tokens in exchange for discounted BLU after a vesting period.
Bonding is a process to allow Bluejay to acquire its own liquidity and reserve assets (ie DAI) and bring stablecoins to the peg by selling BLU at a discount. There are two main types of bonds on Bluejay, treasury bonds, and stabilizing bonds. For both types of bonds, the user gets discounted BLU after a fixed vesting period. The only difference is that treasury bonds raise assets for the treasury directly while stabilizing bonds help to peg issued stablecoins to their prices.
Celestia
$ 6.67
Sui
$ 0.856
Optimism
$ 1.76
Aevo
$ 0.522
Worldcoin
$ 2.86
Pyth Network
$ 0.325
Sei
$ 0.365