Blueberry Protocol, a decentralized prime brokerage terminal, announced $2.5M in strategic funding led by White Star Capital. Other participants in this investment round include Varys Capital, SNZ Capital, Alchemix DAO, Aquanow, members of Dewhales, members of DCD, GateCap Ventures, Nayt Trading and MonkeVentures. Blueberry provides decentralized access to generalized leverage for DeFi on Ethereum, offering enhanced opportunities through advanced risk management and higher leverage than traditional prime brokerage. By integrating cutting-edge, transparent risk management tools with a sophisticated leverage framework, Blueberry seeks to expand accessibility, boost capital efficiency, and improve profitability for a wide variety of DeFi users.
The DeFi sector, which recently recaptured $100B in TVL, has experienced significant growth in recent months. Moreover, the recent approval of Ethereum ETFs has sparked a renewed interest in the space from traditional finance, positioning Blueberry to lead this new wave of institutional DeFi adoption. As institutional participation increases, flexible prime brokerage services become crucial for enabling secure and efficient trading, providing liquidity, and managing portfolios in the crypto market. Blueberry Protocol caters to both conservative whales and high-stakes degens.
“We believe that the core ethos and purpose of decentralized finance is to allow users from all over the globe to interact and enact financial transactions in a self-sovereign and permissionless way,” said Cameron Coombes, Vice President at White Star Capital. “Blueberry addresses current hurdles to this vision by providing an infrastructure from which these users can more easily access healthy and efficient leverage which can be deployed across DeFi.”
The funding will be used for team expansion and its increased security budget.
“We are thrilled to partner with Blueberry as they redefine prime brokerages, allowing users to maximize yields from digital assets or treasury yields,” added Darius Askaripour, Managing Partner at Varys Capital. “Backed by a DeFi-native team, the Blueberry Foundation will be instrumental in developing essential building blocks for DeFi.”
“This investment is a testament to the groundbreaking value proposition Blueberry Protocol brings to the DeFi landscape. By delivering industry-leading Loan-to-Value (LTV) ratios of up to 20x, we’re poised to revolutionize on-chain trading and yield strategies,” said Jonathan Thomas, CEO and Co-Founder of Blueberry Protocol. “With these funds, we’ll further enhance our platform, expand our reach, and continue to lead the charge in reshaping the future of the digital economy.”
Blueberry is also offering early access to its native BLB tokens via Fjord Foundry and PancakeSwap events. These events are crucial milestones in decentralizing the Blueberry protocol and fostering a strong, active community.
To learn more about Blueberry and explore potential DeFi strategies, visit: https://docs.blueberry.
Keep up with Blueberry by following our Twitter and Discord.
ABOUT BLUEBERRY PROTOCOL
Blueberry is a decentralized prime brokerage platform built by Composable Corps, a development company with leadership experience from Zero1 Capital, Huobi, Tesseract, Credit Suisse, Kruse Western Group, and early Bitcoin. Blueberry empowers users to create leveraged strategies with specific risk parameters to maximize capital efficiency. Through its DeFi terminal, Blueberry provides unprecedented access to undercollateralized leverage, outperforming competitors in capital efficiency and flexibility. The first protocol connected to Blueberry is Bloom, which introduces permissionless RWA yields (TBYs) with natively yielding returns that disrupt traditional finance barriers.
Documentation: https://docs.
Application: https://www.
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