Blueshift has successfully concluded its IDO and is already leading the DeFi 2.0 charge -Breaking
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Blueshift is leading DeFi 2.0 and has concluded successfully its IDODeFi 2.0 is ready to be kicked into high gear—with a lightning-fast conclusion of Blueshift’s IDO on Occam.fi’s OccamRazer platform and the successful deployment of the Blueshift technology.
In DeFi terms, we have come a long way…
DeFi, which was created in 2017, has had a profound impact on how we see the world. The old CeFi world’s inefficiencies and shucks were replaced with something technologically superior. All was now possible.
Many crypto-users soon lost interest in the initial launch and subsequent updates. Immediately, issues such as large gas fees and substantial impermanent loss were identified.
These problems have only gotten worse over time and are still not being addressed.
Until now.With the launch of Blueshift’s Liquidity portfolios that can contain up to 40 different cryptocurrencies, and many other innovations—these issues become legacy issues that will be forgotten soon by many…
There is much more to Blueshift than ‘just’ a completely reinvented AMM mathematical model that makes the liquidity portfolios possible. A number of other notable inventions were combined together to provide DeFi users with access to potential opportunities that had been blocked previously by inefficiencies like high gas fees and low liquidity.
DeFi will soon be shifting up by several gears. If you want to be in the first wave of adopting Blueshift’s technological progress, and learn how to use it to your advantage—keep reading!
How to utilize Blueshift’s innovative DeFi technology
Liquidity provision on a single side
A DeFi user’s favourite—provide liquidity with a reduction in impermanent loss of up to 10 times! Another reason why it’s preferred by many users is certainly the simplicity of providing a single token type as liquidity—as opposed to providing a token pair, and even wrapping one of the assets.
‘Traditional’ Liquidity Provision
Blueshift Liquidity Provision
It is possible to reduce impermanent losses by distributing the loss across more tokens within a portfolio. Likewise, existing target portfolio weights attempt to keep the liquidity of the portfolio in balance—essentially minimizing impermanent loss and maximizing trade volume & fees.An important note related to weights is the following—Single sided liquidity provision is only possible when there is a token imbalance in a Liquidity Portfolio!
Cross-Chain environment
By utilizing Milkomeda’s crosschain technological feature—Blueshift will allow users to tap into assets from various blockchains such as , , and others. At the moment, assets are only available from BNB and chain.
Cross-chain is a cornerstone of Blueshift—as it is considered to be, by the team—as of the key characteristics of a successful blockchain network & Dapp. That is why the team has set the following blockchain integration roadmap: Arbitrum, BSC, Avalanche, Solana, and afterward—other EVM compatible chains.
A multitude of blockchains can be accessed from one point and one wallet soon. It will soon be possible to use the Milkomeda Bridges to allow smart contracts operating on different chains communicate with one another and to enable crypto users on the same blockchain to contact a smartcontract that’s on the other chain.
Zero-fee Arbitrage
Blueshift DEX has zero-fee Arbitrage available. Traders can execute a trade transaction that was not incurred with ANY trading fees—as long as virtual reserves were used.
Virtual reserves are ten times smaller than actual reserves—which drastically increases slippage. The slippage decreases the losses of Liquidity Providers but causes more losses to the traders. As long as the slippage loss is smaller than the potential trading fee loss that did not take place due to the zero-fee arbitrage utility—the transaction could be considered a success.
This utility is readily usable right now via the Blueshift dApp—all one needs to do is pay attention to the “Target (NYSE:)” and “Portfolio share” values and snatch an opportunity—when it presents itself!
Watch out for the “Price Impact” warning that comes with red and green UI flashing! You may be utilizing Blueshift’s technology that facilitates super-low impermanent loss, however, due to price impact you most likely will have significant losses due to low liquidity in a portfolio, and set token weights.
Model Blueshift Reserve
DeFi users now have the option to arbitrage for zero fees with lower trading fees. By offering Arbitrageurs the option to perform an arbitrage with increased slippage—in exchange for not being charged a trade fee—Arbitrage with under 0,3 % price difference becomes possible. Albeit with a higher slippage, but nonetheless—possible, and likely—profitable.
This innovation was combined with an automatization that detects price changes of an asset in a liquidity portfolio—below or above EMA because of pump and dump schemes or similar manipulation. If such an occurrence is detected—the portfolio automatically decreases reserves for virtual pairs with this asset. This increases price slippage and protects LPs against severe losses.
Virtual Pairs
After a swap is initiated by the user virtual pairs are created based on Blueshift Reserve Model. The swap then is executed. This means that pairs are created “on the fly” which allows for the best use of the totality of asset liquidities via virtual pairings.
Blueshift’s virtual pairs refer to cryptocurrency pairs which are not permanent. To ensure that there is minimal slippage, and to prevent users from suffering permanent losses, virtual pairs can be created dynamically.
The CeFi equivalent of virtual pairs are so-called “synthetic pairs”.
Both synthetic and virtual pairs do not exist on platforms, however, they are created and can be utilized—by combining multiple pairs into one single pair.
However, there is a significant difference between synthetic pair on Blueshift and CeFi platforms. On Blueshift they are created automatically, according to best price-performance calculations—and in the background as a ‘hands-free’ utility.
Exemple trading pairs: ADABLUES (BLUESETH), ETHAGIX.
These multiple trading pairs can be combined to create a virtual ADAAGIX pairing. This might offer a better and more affordable price for AGIX or ADA than the standard ADAAGIX.
Portfolio managers with expertise in liquidity
Blueshift will allow the community to collaborate with crypto experts who are well-versed in both market movements and crypto technology.
DAO councilors, who are elected by the community, select liquidity portfolio managers. These managers provide advice that will help to protect your portfolio against low-quality assets.
This liquidity portfolio manager mechanism will be additionally improved by offering liquidity managers bonuses for advice that generated a lot of value—as well as enabling the community to remove poor-performing liquidity portfolio managers.
In the near future—DeFi users will be able to build their own custom liquidity portfolios, however, this feature will only be utilizable by advanced users through a terminal, and not via the Blueshift dApp UI.
Some blockchain-based mechanisms can provide significant APY
Blueshift provides DeFi users with an unprecedented APY. It is generated by four different APY-generating mechanisms.
Important Blueshift Milestone attained
After reaching agreements with extremely important partners such as Occam.fi, Shima Capital, Wave Financial, Next Chymia—Blueshift deployed its technology. It was days after the IDO so this tech deployment is not surprising. The IDO was concluded quickly on OccamRazer with just three waves.
Blueshift supporters who are loyal and believe in fundamentals will be extremely pleased with the price performance of Blueshift after its first secondary market list on MEXC.
Blueshift will add more liquidity portfolios to its existing portfolios in the days ahead, tied to particular industries and niche markets. The team will add tokens to the existing portfolios. Once the foundation of tokens within portfolios and portfolios has been set—there will be few changes to the portfolios—until the DAO is online in Q3 of 2022.
Either way, trading via Blueshift Liquidity Portfolios, or trading $BLUES—things are about to get even more interesting with the rollout of upcoming technological releases.
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