Blueberry Protocol, a decentralized prime brokerage terminal, secures $2.5million in series A round funding. Leading the round was White Star Capital. Varys Capital, SNZ Capital, Alchemix DAO, Aquanow, Dewhales, DCD, GateCap Ventures, Nayt Trading, and MonkeVentures were among the other investors.
The money will go towards the company’s expanded security expenditure as well as team expansion. Blueberry, a decentralised prime brokerage platform run by CEO Jonathan Thomas, gives users the ability to design leveraged strategies with precise risk parameters in order to optimise capital efficiency.
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For DeFi on Ethereum, it offers decentralised access to generalised leverage, presenting better prospects than traditional prime brokerage due to advanced risk management. For a diverse range of DeFi users, Blueberry aims to increase accessibility, enhance capital efficiency, and improve profitability by fusing transparent risk management tools with an advanced leverage architecture.
Bloom is the first protocol linked to Blueberry; it presents permissionless RWA yields (TBYs) with returns that are natively yielding. Composable Corps, a development firm with executive backgrounds from early Bitcoin, Zero1 Capital, Huobi, Tesseract, Credit Suisse, and Kruse Western Group, created the system.
About Blueberry Protocol
Blueberry Protocol is a decentralized lending market built on the Ethereum blockchain. It aims to revolutionize the DeFi (Decentralized Finance) lending space by offering users the ability to engage in leveraged borrowing and lending, with leverage possibilities extending up to 20x the collateral value.
