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HomeCOINSBluejay Finance (BLU) Coin Complete Detailed Review

Bluejay Finance (BLU) Coin Complete Detailed Review

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About Bluejay Finance (BLU)

Bluejay Finance (BLU) is a capital-efficient decentralized stablecoin protocol for issuing stablecoins pegged to real-world currencies. Every stablecoin issued is backed by protocol-owned liquidity. https://docs.bluejay.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).

Coin BasicInformation
Coin NameBluejay Finance
Short Name(BLU)
Circulating Supply44,445.00 BLU
Total SupplyN/A
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

BLU Price Live Data

The live Bluejay Finance price today is $2.69 USD with a 24-hour trading volume of not available. We update our BLU to USD price in real-time. Bluejay Finance has no change in the last 24 hours. The current CoinMarketCap ranking is #8953, with a live market cap of not available. The circulating supply is not available and the max. supply is not available. 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. To learn more about the project, head over to docs.

Bringing inclusion and prosperity within Asia

The mission is to bring financial access to those who need it the most by replacing traditional financial infrastructure with faster, better, and cheaper stablecoin rails.

Staking

Staking allows users to lock up their BLU tokens, in exchange for the staked BLU (sBLU), to earn rewards. The rewards come from proceeds of bond sales and liquidity provider fees. The staking reward is accrued and compounded every second to encourage and reward long-term stakers.

Bonding

Bonding is a process to allow Bluejay to acquire its own liquidity and reserve assets (ie DAI) and bring stablecoins to the peg by selling BLU at a discount. There are two main types of bonds on Bluejay, treasury bonds, and stabilizing bonds. For both types of bonds, the user gets discounted BLU after a fixed vesting period. The only difference is that treasury bonds raise assets for the treasury directly while stabilizing bonds help to peg issued stablecoins to their prices.

Stablecoin

Each stablecoin created by the protocol is backed by liquidity directly. This allows the protocol to be highly capital-efficient compared to models using overcollateralization only. The DAO will determine which stablecoins will be provided and maintained by the protocol as well as how much liquidity to allocate to the different stablecoins by adding or removing liquidity across different pools.

Governance

Supplying different types of stablecoins is one of the core revenue generators for the protocol. As such, the selection of different parameters governing the stablecoins affects the profitability of the DAO directly. These are some of the parameters that can be adjusted by the DAO:

Features :

Transparency

NUGEN yearns to provide the utmost financial freedom to users by standing as an open-source and transparent platform.

Trust

Being a project developed on the robust Binance Smart Chain network, NUGEN ensures the highest degree of trust for all the users on the platform.

Community

For the Community, By the Community. NUGEN is a community-focused platform where our members can directly vote to provide their opinions.

Longevity

NUGEN strives to provide real value to the holders and makes sure that all the assets in the platform will benefit them in the long run.

Where Can You Buy Bluejay Finance (BLU) ?

$SCH is available for trading on a growing number of exchanges: Binance Smart Chain Polygon

Bluejay Finance (BLU)

Faq Of Bluejay Finance (BLU)

Where I Can Find Bluejay Finance (BLU) Coin Whitepaper ?

You Can Find Bluejay Finance (BLU) By Clicking Here

Where I Can Buy/Sell Bluejay Finance (BLU)

You Can Buy Or Sell NUGEN COIN (NUGEN) On Some Popular Exchange For Example – Binance , Coinbase , Huobi Etc .

What Is Total Supply Of Bluejay Finance (BLU)?

Total Supply Of Bluejay Finance (BLU)) Is 1,000,000,000

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