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Bluejay

Decentralised local stablecoins for Asia
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Finance
Blockchain
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Ethereum
Currency
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BLU
Publisher
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Bluejay Finance Team
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What is Bluejay?
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.
Information
Type
Automated Market Maker
Blockchain
Ethereum
Currency
BLU
Platform
Windows, macOS
Publisher
Bluejay Finance Team
FAQ
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.
The 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, we 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.
The ultimate goal of Bluejay Finance is to lower inequality by providing and enabling equal access to low-cost financial services for all.
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 our community discord. We welcome any help and initiatives to support and grow the protocol to one that the world deserves.
To purchase BLU/DAI LP Treasury Bonds you will need to provide liquidity on Uniswap using DAI and BLU tokens. Therefore before purchasing LP Treasury bonds, make sure you have obtained BLU and DAI tokens in your wallet. If not follow these steps before proceeding:
Buying and Selling BLU on Uniswap
Once you have DAI and BLU tokens in your wallet, we can proceed to get the BLU/DAI LP token.
To purchase a bluSGD/DAI LP Treasury Bond, we need to provide liquidity on Uniswap using bluSGD and DAI tokens. Therefore before purchasing LP Treasury bonds, make sure you have obtained DAI and bluSGD tokens in your wallet.
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