Blueberry Protocol

Blueberry Protocol

A DeFi leverage platform that allows users to lend single-sided assets for high passive yields or leverage their preferred DeFi strategy to boost earnings. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$10—15m (Dealroom.co estimates Jun 2024.)
United States (HQ)
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DateInvestorsAmountRound
*
N/A

$1.2m

Seed
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$2.5m

Series A
Total Funding$3.7m

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Blueberry is a pioneering company in the decentralized finance (DeFi) sector, offering advanced tools and solutions for yield strategists. The company operates in the DeFi market, serving clients who are looking to maximize their returns through sophisticated liquidity provision and leveraging strategies. Blueberry's core product is its innovative position NFTs, which combine a user's collateral, debt, and deployment into a single position. This allows for borrowing up to 1000% loan-to-value (LTV) while maintaining a robust and healthy system. Positions are liquidated at 85% or 90% profit and loss (PnL) thresholds, depending on the collateral supplied, thereby protecting lender capital. The business model revolves around providing leveraged yield farming and lending solutions, simplifying complex DeFi leverage for users, and integrating top strategies upon request. Blueberry makes money through fees associated with its protocol and services. The company aims to bring as much capability as possible on-chain, reducing reliance on centralized solutions and mitigating counterparty risk. Blueberry also democratizes liquidity provision, enabling anyone with a web3 wallet to engage in sophisticated strategies like market making. The protocol supports popular DeFi strategies such as LP farms, yield arbitrage, and multi-step strategies, and offers automated concentrated liquidity managed vaults on Uniswap v3. These vaults aim to generate returns relative to a single deposit asset.

Keywords: DeFi, yield strategists, position NFTs, high leverage, on-chain capabilities, liquidity provision, web3 wallet, Uniswap v3, automated vaults, risk management.