About Bluejay Finance Coin
Bluejay Finance Coin introduction of USD stablecoins has allowed individuals and businesses to not only pay and receive payments but also to gain access to a wide variety of financial services like money exchanges (ie Uniswap), investments (ie Synthetix), asset management (ie Yearn), etc. This has helped reduce inequality by democratizing access to financial services, even for the underbanked population (ie Nigerians using DAI). However, most stablecoin solutions are centered around USD and not designed for other currencies.
This means that users do not have a choice of having exposure to currencies other than USD in the DeFi space. By having stablecoins of different currencies around the world on the blockchain, they lower the barrier for businesses and individuals in these countries to transact with minimized currency exchange risk. This helps to widen the product offerings of existing DeFi companies that provide crypto invoicing (ie Request), streaming payments (ie Sablier), etc.
Bluejay Finance Coin Point Table
|Coin Name||Bluejay Finance Coin|
|Circulating Supply||44,445.00 BLU|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
How do I participate in Bluejay Finance?
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. In addition, you can participate in growing the protocol by partaking in governance on your community discord. They welcome any help and initiatives to support and grow the protocol to one that the world deserves.
Stablecoin users are users or protocols which use the different stablecoins minted by Bluejay. They benefit from having the flexibility of choosing what currency exposure they will like to have. These stablecoins are fully backed by the protocol’s liquidity and can be redeemed for reserve assets on the decentralized exchanges anytime.
As a stablecoin user, you benefit from a rent-free stablecoin with deep liquidity. These stablecoins are not yield-bearing in nature but could be used as primitives in other protocols that support savings, lending & borrowing, or asset management.
Why Choose Bluejay Finance Coin?
Stakers are aligned to the overall growth of the entire protocol. When there are more bonders, stakers, and stablecoin users, more value is generated for the protocol through bond sales and transaction fees on liquidity pools which in turn backs the value of BLU. As a stoker, you benefit from the supply growth when the protocol mints BLU tokens for distribution.
Staked BLU is automatically compounded every second, this means a staker who is staking BLU over a longer period of time will have exponentially higher rewards than those staking for a short period of time. This ensures that firm believers of the protocol are hugely rewarded and there is the least value leaked toward stakers who are here for a short-term gain.
Bonders are critical in the overall protocol growth and price stability of stablecoin by introducing more liquidity and assets to the protocol treasury or helping bring the stablecoins to peg, in exchange for a direct discount on the BLU token.
As a bonder, you benefit from the direct discounts on the BLU by committing your assets upfront. The BLU will be redeemable at a set point in time and realized profits will depend on the BLU price when the bond matures.
Where Can You Buy Bluejay Finance Coin?
Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On Uniswap (V2) As It Has The Highest DAI/BLU. e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include DAI/BLU And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.
Bluejay Finance Coin Supported Wallet
Several Browser And Mobile App Based Wallets Support Bluejay Finance Coin.
FAQ Of Bluejay Finance Coin
Where I Can Find Bluejay Finance Coin Whitepaper?
You Can Find Bluejay Finance Coin Whitepaper By Clicking Here.
Where I Can Buy/Sell Balancer Token?
You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – Uniswap (V2).
What is Circulating Supply Of Balancer Token?
Circulating Supply Of Balancer Token Is 44,445.00 BLU.