DeFi
Blueberry Protocol Raises $2.5M Series A Led by White Star Capital to Deliver Enhanced Decentralized Leverage and Curated DeFi Strategies
Blueberry Protocola decentralized prime brokerage terminal, announced $2.5 million in strategic funding led by White Star Capital. Other participants in this investment round include Variable capital, Capital SNZ, Alchemix DAO, Aquanowmembers of Whalesmembers of the DCD, GateCap Ventures, No Commerce and Monke Ventures. Blueberry provides decentralized access to widespread leverage for DeFi on Ethereum, providing 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, increase capital efficiency, and improve profitability for a wide variety of DeFi users.
The DeFi sector, which has recently recovered $100 billion in TVL, has seen significant growth in recent months. Additionally, the recent approval of Ethereum ETFs has sparked renewed interest in this area from traditional finance, positioning Blueberry to lead this new wave of institutional adoption of DeFi. As institutional participation increases, flexible prime brokerage services become essential for enabling secure and efficient transactions, providing liquidity, and managing portfolios in the crypto market. Blueberry Protocol is aimed at both conservative whales and high-stakes degens.
“We believe the fundamental philosophy and goal of decentralized finance is to enable users around the world to interact and conduct financial transactions autonomously and without permission,” said Cameron Coombes, vice president of White Star Capital. “Blueberry overcomes current obstacles to this vision by providing infrastructure from which these users can more easily access healthy and efficient leverage that can be deployed in DeFi.”
The funding will be used for team expansion and increased security budget.
“We are excited to partner with Blueberry as they redefine prime brokerages, enabling users to maximize digital asset returns or treasury returns,” added Darius Askaripour, Managing Partner at Varys Capital. “Supported by a native DeFi team, the Blueberry Foundation will be instrumental in developing the essential building blocks for DeFi. »
“This investment is a testament to the revolutionary value proposition that Blueberry Protocol brings to the DeFi landscape. By offering industry-leading loan-to-value (LTV) ratios of up to 20x, we are poised to revolutionize on-chain trading and yield strategies,” said Jonathan Thomas, CEO and co-founder of Blueberry Protocol. “With these funds, we will further enhance our platform, expand our reach and continue to play a leading role in reshaping the future of the digital economy. »
Blueberry is also offering early access to its native BLB tokens through the Fjord Foundry and PancakeSwap events. These events are crucial steps in decentralizing the Blueberry protocol and fostering a strong and active community.
To learn more about Blueberry and explore potential DeFi strategies, visit: https://docs.blueberry.garden/.
Follow Blueberry by following our Twitter And Discord.
ABOUT THE 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 allows users to create leveraged strategies with specific risk parameters to maximize capital efficiency. Through its DeFi terminal, Blueberry provides unprecedented access to under-collateralized leverage, surpassing its competitors in terms of capital efficiency and flexibility. The first protocol connected to Blueberry is Bloom, which introduces permissionless RWA yields (TBY) with native yields that disrupt traditional financial barriers.
Documentation: https://docs.blueberry.garden/
Application: https://www.blueberry.garden/
X [Twitter]: https://twitter.com/blueberryFDN
Discord: https://discord.com/invite/B9X6Vy963C