Dear community, we hope you are well.

Our team has an important announcement to make concerning the OG Deal of Blend Protocol. It’s our responsibility to inform everyone adequately about the situation that has arisen.

Due to unforeseeable circumstances we will be canceling/delaying the OG Deal. While we understand that this is very disappointing to hear, aligning with our core value of transparency is key for us. We have come to the conclusion that the expected valuation and the conditions to deliver Blend Protocol, are derived from forecasts that we are unable to meet in the current situation. Our team is facing a couple of challenges which we need to addresses before proceeding.

We are builders at heart and we are proud to be building an unique product on the Kujira blockchain. Unfortunately, unforeseen as things go, today it’s our responsibility to step up and make this very tough call to cancel/delay the OG Deal.

We didn’t expect this to happen, but despite all emotions and feelings we are grateful it unfolded before any sales transpired. This decision is made to protect the (Kujira) community and those who looked into investing into Blend Protocol.

We have the best interests for you, our community, in mind. We will keep you informed about all future updates as they happen.

Please give us time to work things out.

The Blend Builders

An important update from the core team

To cancel/delay the OG Deal for 12 September was the least desirable thing that can happen. We’re very sorry and we want to address any questions that you might have.

Why is the OG Deal cancelled?

At this moment, we don’t feel that the OG deal valuation is aligned with the value that will be delivered in the next 2 months, while the OG vests. We want to do the right thing for the community and we have their best interests at heart.

What’s the status of Blend?

It’s actually live and running on Testnet with OGs helping us beta-test.

Are things unrecoverable?

No. There will be a plan moving forward. Once there is more information we’ll share it.

Is the BOW Yield Strategy going ahead?

Yes, and we are still excited about it! We feel the successful delivery of Blend Protocol and the BOW Yield Strategy will lead to some serious traction, a next GHOST flywheel and a new opportunity for all the community.

Will there still be a public sale?

Yes, there will still be a public sale.

What will be done for OGs?

We value the OGs and we’ll come with a adjusted plan for the OG sale, but at more attractive prices.

A lot of effort was poured into making the OG Deal a success, and as much as we value the community, it didn’t feel right to move ahead at this moment.

We’re reassessing and we’ll share new updates shortly!

In this article we reveal our exciting plans for the OG Deal (previously named OG pre-sale) and the public sale! Over the last few weeks our team has been very focussed on bringing the Blend Protocol smart contracts to the Kujira Mainnet. With the support of the Kujira community and validators, all the required governance proposals passed. Since the successful passing of all 7 mainnet proposals, our team has been working on the BOW Yield Strategy deployment and optimization. This has given us enough insights to set the OG Deal date and align with the highly anticipated V 1.0 launch of Blend Protocol!

While initially we planned the V 1.0 launch of Blend Protocol before the OG Deal, we feel that a few extra weeks of strategy optimization will make a world of difference for the success of Blend’s first strategy. Safety of users and funds are our first priority and we want to be absolutely certain that we deliver the best product we can.

So as a token of appreciation to the OGs, we’ve moved forward with an even more attractive OG Deal which will be going ahead shortly before the protocol launch.

Why a $BLEND token?

For those who haven’t heard about the $BLEND token yet, please read through our Tokenomics article to get a better understanding of the $BLEND token. When expanding the utility of the $BLEND token, we emphasized the need for it to be more than just a stakeable token. It establishes a sustainable cash flow for the Blend community and it empowers a democratic governance system, enabling stakeholders to work together for better outcomes.

Note: Blend V 1.0 will not yet have the governance section and $BLEND staking module enabled.

1 staked $BLEND = a share of fees from all Blend strategies as a reward for securing the chain.

OG Deal | Plasma by Fuzion (12, 13, & 14 Sept)

On 12–13–14 September, we will conduct an OG Deal for users with the OG role in our Discord server. In the previous weeks we asked all OGs to submit their Kujira address to participate in the deal. Their addresses will get whitelisted and they can participate in the sale.

About the OG Deal

Our team takes an unique approach to offering a fair opportunity for all whitelisted addresses to participate. That’s why the OG Deal will consist of 2 deals; a guaranteed and first come first served (FCFS) deal. These deals will run simultaneously during the OG Deal period, and all whitelisted OG addresses are eligible to participate in both.

Deal 1: Guaranteed $150, is a deal where every OG address can claim up to $150, USDC worth of $BLEND in the sale period. Guaranteed.

Deal 2: First come first serve, is a deal where every OG address can claim between $0 and $2500 worth of $BLEND on top of their $150. First come first serve.

Our team knows from past experiences that not all whitelisted addresses will be able to be online the moment the sale goes live. That’s why we introduced the guaranteed deal, to ensure that all OGs have a fair chance to get their hands on the first $BLEND tokens. Additionally we introduced the first come first served deal, for those that want to go bigger than just $150.

Any unclaimed tokens from the guaranteed or FCFS deal will go to the ‘OTC Rounds’ allocation (see Tokenomics), so that those tokens are available for the community in the future.

General Details

Dates: 12, 13 & 14 Sept (12 Sept UTC 8PM — 14 Sept UTC 8PM)

Location: Plasma Ignition Zone

Duration: 48h

Token Ticker: $BLEND

Total Supply: 100,000,000 $BLEND

Available for OG Deals: 500,000 $BLEND

Deal details

Deal 1: Guaranteed per wallet: $150, per address

Deal 2: First come first served: $0, up to $2,500 per address

Deposit token: $axlUSDC

$BLEND Price: $0.104

Cliff: 2 months

Vesting: 4 months

Issuer fees: 5% of total $USDC raised which Blend will pay to the Fuzion team.

Buyer fees: 0.5% fee in $BLEND paid on claim of token

Fees: 25% goes to $KUJI stakers and 75% goes to a reserve which will be distributed once $FUZN is migrated

Requirement: Kujira address and Keplr wallet extension (desktop)

Whitelist submission deadline: 3 September 2023 (Discord)

The deadline for Discord OGs to submit their Kujira address is set for the 3rd of September 2023 and can be done on our Discord server! After the deadline is finished, we share the whitelisted addresses once more, so all OGs can check that their address is in there.

Public Sale | Pilot Launchpad (Date TBA)

We’re conducting the public sale through PILOT. PILOT is an intuitive and innovative launchpad, built by Fuzion in a partnership with Kujira. We suggest reading this article to understand how PILOT works. Launching on PILOT also means that the fees flow to $KUJI stakers.

At this moment we have not yet set the exact dates of the public sale. Our main focus goes out to the OG Deals, launching V 1.0 of Blend Protocol and deploying the first strategies. This allows everyone to experience Blend Protocol V 1.0 and see the potential of Blend. The public sale, however, will be held before the 2-month OG Deal cliff expires.

General Details

Date: TBA

Location: PILOT

Token Ticker: $BLEND

Total Supply: 100,000,000 $BLEND

Available for public sale: 2,000,000 $BLEND

Sale Details

Base price: $0.16

Bidding discount: up to 30% ($0,112)

Bidding token: $axlUSDC

Requirement: Kujira address (Sonar, Keplr, Leap, Station, XDEFI)

Any individual possessing a Kujira address is eligible for the public sale unless you are domiciled in a country that does not allow the participation in token sale events. Please do your research and make yourself familiar with the regulations that apply to the USA and other countries.

Conclusion

In this article we covered all the information that is needed to have you informed about the OG public sale, and we gave updates on the public sale. With this information all OG Deal participants are able to make their own well informed decisions on whether or not to participate in the sales.

If there are any remaining questions, please reach out to us in our Telegram or Discord channel.

The Blend Builders

The first fully audited smart contracts of Blend Protocol are now open to community voting for Mainnet deployment.

Please note, the Blend protocol requires multiple deployments* This includes: Instantiating the oracle, instantiating the factory and providing instantiate permissions to the factory contract.

While this may come as a shock to some, given Blend only popped up on socials ~5 weeks ago, the team has actually been working on Blend for over 4 months. We admire the typical Kujira way of just building products, and felt it was only right to follow suit.

Connecting Kujira dApps.

We challenged ourselves to build a product that connects the amazing protocols on Kujira in a way that supports grassroots innovation and inclusivity. While we haven’t publicly documented the many ins and outs Blend will offer, we are confident it will usher in a new era for Kujira DeFi and genuine protocol use.

How Blend benefits the Kujira community

Since $KUJI stakers earn fees from the use of protocols such as GHOST, BOW, FIN and ORCA, the game is simple; increase the use of these protocols through DeFi composability.

For MantaDAO

• All swaps that happen on Blend strategies, will be routed through Manta which means more volume, more fees and more $MNTA value capture.

For BOW

• In particular the first strategy, Blend brings more liquidity and more transactions to BOW and by virtue FIN.

For Ghost

• Blend heavily increases borrow volume and lend APRs meaning more fees back to $KUJI stakers.

For ORCA

• Wait and see for this one, but we’re excited about it.

There will also be room for incorporating other current or future ventures on Kujira such as WinkHub, Calculated Finance (CALC) 🧮, Sonar wallet and more.

The Audit.

Our Audit was carried out by Resonance Security who have worked with partners such as Kado Money.

For the full Audit Report, please see: https://blendprotocol.xyz/audit-1.pdf

The Next Step.

As quality is important to us, we will be testing the BOW Yield Strategy privately in production, to ensure it’s performing as expected prior to opening up $KUJI deposits.

We will release more information on how this strategy works in the next few weeks.

Once we are happy, we will set a launch date and start the exciting count down.

A Final Note

We are just like you, Kujira community members that want to see nothing but Kujira realize the vision of true grown-up DeFi. This is why we have been pouring our blood, sweat and tears into development the last 4 months.

So buckle up, it’s time we work together to show the Cosmos ecosystem and beyond what it means to be a Kujiran, a Shrimp, a Manta, or a Ghost.

The Blend Builders

1 staked $BLEND = a share of fees from all Blend strategies as a reward for securing the chain

Why a $BLEND Token?

The token plays a vital role in coordinating DeFi strategy innovation on a larger scale. When expanding the utility of the $BLEND token, we emphasized the need for it to be more than just a stakeable token. $BLEND establishes a sustainable cash flow for the community fund and empowers a democratic governance system, enabling community members, strategists, (infrastructure) runners, and builders to work together for better outcomes. So, through $BLEND, we drive deterministic value back to the ecosystem, rewarding all stakeholders for their work and aligning incentives for all contributors. Additionally, we’ll be applying to support the security of the (Kujira) ecosystem by having $BLEND as an Alliance asset.

Value Accrual

In the Tokenomics flowchart below, you can see how the token is leveraged in the Blend ecosystem. The strategies from the community, various protocols and core contributor generate fees that flow to the Blend Treasury, runners, strategists, and $BLEND stakers. These accrued fees are used in different ways, namely to fund builders to build new strategies, have runners maintain the infrastructure, reward strategists for their strategy design, and reward stakers for their non-passive work staking and voting in governance. This flow incentivizes and fosters the creation of new strategies, resulting in additional fee generation. A future feature of Blend Protocol is the implementation of $BLEND as an Alliance asset to help secure the blockchain and earn additional staking rewards.

Well performing strategies with good TVL → More fees → More funding for building additional strategies.

Benefits

• Staker: actively support the ecosystem through work to earn a portion of the protocol real yield & secure the chain through Alliance.
• Strategist: actively design, propose, and receive performance fees from their successful work creating and maintaining strategies.
• Runner: actively run a node for strategies to earn fees by maintaining infrastructure.
• Builder: actively build strategies using Treasury funding to earn $BLEND tokens

How Strategies Work

Our aim is to empower anyone to design and propose strategies for development. This grants users the ability to craft advanced and innovative yield strategies that were previously unheard of, or not feasible, due to a lack of development skills. Users can now leverage the capabilities of Blend Protocol to bring strategies to life!

At launch, we provide pre-configured strategies developed by the Core Contributors. As time progress we will open the process up to the wider community and introduce features for submitting strategy designs. In order to submit a proposed strategy, a deposit in $BLEND will be required to prevent the spamming of strategies. The strategist must include specific details on their implementation, which could be in the form of a Medium article or some other accessible documentation. Additionally, the strategist should outline how they would distribute the fees among themselves, the runners, $BLEND stakers, and the Blend Treasury. We introduce cycles of 6–8 weeks for strategies to be proposed, voted, built and deployed. In the final week, strategy details will be locked and moved to on-chain voting with the market deciding the best strategy to build next.

The required input currency for deposit in a strategy depends on its design. Some strategies may require stablecoins like $USK or $USDC, but others can support assets like $ATOM and $KUJI for deposit. The specific input currency depends on the unique characteristics of each strategy that gets created.

Voting Power Demand

Having previously founded protocols, the team is well-versed in the challenges of attracting sustainable Total Value Locked (TVL), users, and overall consistent product demand. Airdrops or hyper-inflationary rewards can often attract mercenary capital that leaves as soon as those incentives run out. Smarter teams will recognize the unique opportunity that Blend Protocol offers, where they can strategically utilize the protocol to bribe, reward, or acquire voting power to encourage strategies to be built on their protocols. This fosters a steady flow of TVL, more users, and increased liquidity overall for successful strategies. Blend Protocol will become a powerful tool for those protocols that can effectively leverage its potential. This demand opens the door to a bribe and veToken model, creating an additional need for the $BLEND token.

Whitelist Partnering Protocols

At launch, Blend Protocol will have Kujira dApps (ORCA, GHOST, FIN, BOW) whitelisted for building yield strategies. However, there are more blockchains and dApps that would allow for yield access to create strategies with. Those protocols that seek sustainable traction and TVL can apply for their protocol to be whitelisted, allowing strategies to be built on them.

The chart below illustrates how the ‘demand fly-wheel’ not only boosts TVL but also brings new users into the ecosystem. The cycle begins with Core Contributors building strategies, generating fees and rewards that attract new users and increases Total Value Locked (TVL). As the platform gains visibility, our open market for design and innovation grows, leading to the proposal of new strategies. $BLEND stakers then vote for these strategies, resulting in funding and development. These newly launched strategies attract new users, liquidity and generate new inflow of fees. This cycle repeats, creating a flywheel effect that drives increasing demand and growth.

$BLEND Tokenomics & Allocation

We’re excited to present the $BLEND tokenomics. We’re confident that this allocation ensures an equitable distribution among all future stakeholders while maintaining a harmonious ratio between investors, contributors and community. Simultaneously, it empowers Blend Protocol with ample resources to evolve into a leading-edge platform. This approach provides an equal opportunity for everyone to become part of our journey!

The total supply will consist of 100M $BLEND tokens, with a majority of 36.5% held in the Blend Treasury. This portion serves as a Reserve for future contributions, grants, and other essential purposes. Below, you will find the token allocation distribution along with their explanations.

Staking Incentives — 10%

To incentivize staking, we will allocate 10% of the total supply for rewards, at least initially, while maintaining sustainability with 1% available at TGE.

• Staking plays a crucial role in the overall protocol, and those who participate will be duly rewarded.
• We are exploring the implementation of Protocol-Owned Liquidity (POL), which could be an additional form of yield for stakers.

Community Incentives — 12%

In a similar fashion to staking Incentives, we will offer additional rewards for Strategists, Builders, and Runners.

• The bootstrapping and innovation culture and economy around Blend Protocol will be structured to effectively incentivize revenue for the protocol and $BLEND Stakers.

Community Treasury/Grants — 36.5%

The primary reason for this fund is to ensure all winning strategies get built to a high standard and in a timely manner. It will be in charge of rewarding developers for building strategies and in return capture some % of strategy performance fees to ensure it’s economically incentivised to ensure the best builders are building the highest quality products.

This will be managed by a multisig and after governance is established, a DAO will take the role of managing this in parallel with core contributors to the project.

Marketing — 2.5%

The future size of our community footprint will be our greatest asset and a fixture in long-term growth and sustainability. The development of Kujira has shown the importance of a strong and supportive community.

We are proud to have received strong support from the strong Kujira Community and we will keep collaborating and growing with them. In order to attract liquidity, we will also target other Cosmos chains, Arbitrum, and DeFi in general.

A reasonable proportion of this allocation may be used for partnerships in order to gain exposure to different communities. These new communities will span the Cosmoverse and Arbitrum initially, with expansion to more chains imminent.

Development — 19%

These tokens will be allocated to funding future development as the protocol grows, covering various costs, including:

• Audit costs
• Core protocol/Strategy Development Costs
• Incentives for new team members
• Operating Expenses
• Infrastructure
• Dev effort for whitelisting new protocols

Core Team — 4.5%

The core team allocation is 4.5% of the total supply, corresponding to 4.5 million tokens. What is unique to this core team allocation is these tokens will be subject to conquering milestones for each member. For tokens where the milestone was not delivered on, they can either be reallocated to someone else who completes the milestone or be transferred back to the development fund.

An example of a milestone would be the successful delivery of the governance module for Blend. If a team member achieves an ambitious yet reasonable threshold here, they will be allocated a proportion or all of these tokens based on terms previously agreed upon by the core team.

Market Making — 1%

We allocate 1% of the tokens to enhance the trading experience for users interested in swapping (buying or selling) $BLEND. These could be provided as incentives on BOW (or as a tokenswap with MantaDAO) to ensure deep liquidity for future token trading.

Public Sale — 2%

For everyone who’s as excited as we are and looking to be part of our success, we’re organizing our public sale with 2% of the total supply. We recommend (new) users to prepare a Kujira address, with a wallet extension/app that supports the Kujira blockchain.

PILOT Launchpad

We’re using the PILOT launchpad for bringing the $BLEND token to the public. PILOT is an intuitive and innovative launchpad, built by Kujira & Fuzion. We recommend reading this article to get an understanding of how PILOT works. The public sale is planned for late September and the exact dates will follow. Stay tuned and keep up to date by following all of our social media channels!

To participate in the public sale, a Kujira address is required, and we recommend the use of the following wallet apps/extensions to participate: Sonar, Keplr, Leap, Station and XDEFI. If you have any questions, please ask in our Telegram and Discord channels.

Note: be careful, ignore DM’s from scammers, Admins never DM!

OG Pre-Sale — 0.5%

In the beginning of September, a pre-sale will be conducted in collaboration with Plasma Fuzion. The pre-sale token price will be lower than that of the public sale. The pre-sale will include a cliff and vesting period, designed to limit sell pressure on future public sale buyers.

This pre-sale is exclusively for those who have joined the Blend Protocol Discord server, obtained the OG Blender role, or submitted their Kujira address for whitelisting on a giveaway. Users with the OG Blender role have to share their Kujira address with our team via the #whitelist channel. This will grant them a whitelist spot for the pre-sale. To participate in the pre-sale, a Kujira address is required. We recommend to use Keplr Wallet (Leap should work too).

OTC Rounds — 5%

Recently, we’ve been keeping a close eye on MantaDAO. They’ve been utilizing a rather interesting method to secure capital — namely initiating over the counter (OTC) deals on Plasma Fuzion. We see these OTC deals as a collaborative way to raise funds in conjunction with the community, all with the aim of propelling Blend Protocol’s development. The beauty of OTC deals lies in their flexibility, for example, we could give a first option to our stakers. All OTC deals will be created in alignment with the growth of Blend Protocol. 10% of OTC allocated funds will be vested at the token generation event (TGE), meaning even if not used, it is available in case a beneficial OTC swap opportunity arises.

Private Seed — 7%

We are seeking private seed funding from venture capitalists (VCs) and angel investors to establish a sustainable runway for the development of Blend Protocol. We invite investors from diverse backgrounds who share our vision of providing simpler and more effective access to awesome yet efficient strategies.

Vesting & Cliffs

All tokens (except Market Making and Public Sale allocation) will be vested. There is a 2 months cliff and 4 months vesting for the OG pre-sale. Other tokens vest linearly over a period of 24–36 months to prevent supply shocks and maintain liquidity stability with some having cliffs. Please refer to the Tokenomics distribution table to understand both cliff and vesting schedules for each allocation.

Conclusion

Kujira was conceived to empower absolutely everyone to access the full potential of DeFi, with simplicity at its core. In the same spirit, we believe that robust tokenomics form the foundational pillars of a sustainably bootstrapped, community-driven, and widely embraced decentralized protocol.

We hope this article offers readers a glimpse into our plans and highlights the tremendous utility of the $BLEND token that lies ahead. Follow us on Twitter, and join our Telegram and Discord channel to connect with like-minded individuals.

Blend is where grassroots DeFi innovation comes to life!

The Blend Builders

We are excited to share our launch plan, featuring some major milestones on the horizon. We believe in open access and equal financial opportunities for everyone and we’re thrilled to see so much excitement among the community. In this article, we will discuss Blend Protocol’s key milestones, go into detail about each one and give more clarity on what you as the community can expect.

Let’s jump in for more information!

The Kujira Senate

When launching a dApp on the Kujira ecosystem, it’s essential to be audited and verified. Therefore we’ve been communicating with the Kujira Senate to ensure a smooth audit process. In their recent meeting, the Kujira Senate discussed Blend Protocol. Moreover, we are grateful for the feedback they provided after getting an initial glimpse of our platform. We would like to take this opportunity to commend the Kujira Senate for their exceptional work, as they serve as a crucial gatekeeper for the Kujira ecosystem. We wish QAlivus all the best on his endeavor with MantaDAO!

1. Tokenomics

The first major milestone is the publication of our tokenomics article on Medium. It will outline the purpose and allocation of our future token, helping everyone better understand our vision and the future use of Blend Protocol. We aim to publish the tokenomics around 11 August.

2. Mainnet Proposal

We have an audit going on to make sure our platform is safe and sound for a V1 launch! The first audit report is due on August 6th, from then it’s a matter of making updates based on the findings to get the smart contracts ready for a mainnet proposal, which is another major milestone! We expect these updates to take around 1-1.5 weeks.

3. V 1.0 Launch

The third milestone is the V 1.0 launch of Blend Protocol. After completing the audit, updating our smart contract code and solid testing, we’ll be ready to unveil our V 1.0 platform. Quality is our priority, and we can’t wait to unveil the first Blend strategy which allows people to maximize returns leveraging BOW and GHOST without manually managing their position.

The BOW Delta Neutral (DN) Yield Strategy is inspired by Kujira’s BOW, which is the Kujira liquidity hub. With the strategy we offer a strategy that invests in selected $KUJI Liquidity Pools (LP’s) and auto-compounds the yield. Liquidity Pools usually consist of two different tokens, which means that the non-$KUJI token is borrowed from GHOST, Kujira’s Money Market. There are a couple of reasons why you want to invest in the BOW DN Yield Strategy:

1. Set & forget, in a single click
2. Simultaneously earn yield & provide liquidity to the Kujira Ecosystem

While V 1.0 is just the first iteration of Blend Protocol, we felt it was important to ship something that the community can get familiar with before the governance module comes into play or a token is introduced. We build with love and care, and we hope you will see this too! In the weeks after the V 1.0 launch, we keep building to unlock more features!

4. Pre-sale

The fourth exciting event is the pre-sale of our token, which is scheduled for late August/early September. It’s our way of rewarding early supporters, who obtained the OG Blender-role in our Discord. Many of you’ve been supporting us since our first tweet, in the beginning of July! Thank you!

Whitelisting Discord OG’s Kujira addresses

All early birds with the ‘OG Blender’ role in Discord can share their Kujira address with us in the #whitelist channel! Please check the Blend Protocol server for more information on how to do this! More information (price, amount, cliff, vesting) is being finalized and will be published in the next few weeks.

We recommend the use of Keplr wallet (Desktop extension) or Leap wallet) to participate in the pre-sale facilitated by Plasma Fuzion.

5. Public Sale

Following the pre-sale, the public sale will be held in September. This is your opportunity to become an active part of our platform and secure a fair distribution as a stakeholder, investor and supporter!

Our token is crucial for establishing a sustainable and fair distribution system for all stakeholders. Moreover, it plays a pivotal role in streamlining the governance workflow and ensuring the active involvement of core contributors, securing a bright and enduring future for the project.

We’re thrilled to announce that the public sale will be hosted on the PILOT launchpad. It’s required to have a Kujira address (Sonar, Keplr, Leap, Station, XDEFI). Stay tuned for more exciting updates!

Think bigger!

We won’t stop here! We’re proud of what we stand for and what we are building! We’re open to chat and have partnerships around the Cosmos chains (and beyond), aiming to bring more users, liquidity, strategies, simplified yield access and opportunities for all!

Venture Capital (VC) & Angel investors

If you represent a Venture Capital (VC) firm or have connections to one, or if you’re an individual looking to become an Angel investor and want to be part of our mission, we invite you to reach out to our team. Let’s have a conversation and explore how we can collaborate.

Conclusion

We hope this article provides you with valuable insights into the exciting journey that lies ahead of us. It’s our aim to bring transparency to the community and have everyone involved! We believe the best approach to achieve this is by showcasing a working product and continuing to build upon it together with the community!

If you have any remaining questions, feel free to ask them in our Telegram or Discord channels! We’re delighted to chat and welcome your feedback!

Together, we bring grassroots DeFi innovation to life! 🌱

The Blend Builders

That’s why we bring you Blend Protocol. Our goal is to democratise strategy ideation and creation by eliminating existing barriers in building and shipping DeFi protocol strategies. Our groundbreaking FinTech on web3.0 simplifies yield access for everyone, unlocking new possibilities in the world of decentralized finance.

Coming soon to Kujira 🉐

Why are we doing this?

We are committed to open access and equal financial opportunities, supporting grassroots strategies and protocols. While financial outcomes may vary, our aim is to create a system where equal opportunity exists, irrespective of race, religion, socioeconomic status, or gender. We strive to empower individuals to participate on our platform and make yield strategies more accessible to a wider audience.

Blend Protocol is a platform where even your grandmother or friends unfamiliar with crypto can invest without requiring constant oversight.

Aligned with Team Kujira’s ethos, we chose to build Blend Protocol on the foundation of the Kujira blockchain. Our shared values help us to shape the future of open, and equal, decentralised finance.

How are we doing this?

By building Blend Protocol. We blend DeFi primitives to simplify & democratise yield access.

Initially, we’re whitelisting FIN, ORCA, GHOST & BOW from the Kujira Layer-1 blockchain into the Blend Protocol smart contracts. With the help of governance, our community members and strategists, will be able to propose their own ‘blends’, which can democratically be voted upon. The winning blend gets built and the strategist earns rewards based on performance from people investing in their strategy.

While self-created blends won’t be available on launch, we are excited to offer pre-configured strategies developed by existing core contributors. We’re launching with a BOW Index vault and have plans to introduce an ORCA Fund soon after, with further updates that will expand features for users to create and publish their own blends.

As the journey progresses, we continue to build and innovate, releasing more features over time. With each milestone, we enhance the capabilities of Blend Protocol, amplifying the potential of Kujira dApps, while also adopting the great tech that Cosmos has to offer with ICQ, ICA, and IBC!

What are we building?

We are building a platform that empowers individuals to create and invest in innovative public blends, revolutionising the way DeFi yield is accessed and managed.

Depending on the available primitives, which are selected through governance whitelisting, Blend Protocol streamlines the process of blending and managing these primitives. This grants users the ability to create advanced, innovative yield strategies that were previously unheard of or not possible due to lack of development skills.

We want to simplify yield access. That’s why Blend Protocol encourages community members, strategists and influencers to actively engage in designing, proposing, voting, and investing in new public blends. As a token of recognition, the strategists behind these winning public strategies will earn performance fees for their valuable contributions.

Blend Protocol offers opportunities to individuals with great ideas who may not have had the technical or capital resources to implement them before.

What’s next?

Our ambitions are high, and we firmly believe that yield generation should not be limited to a single blockchain. While we launch on Kujira and have the Blend ‘Hub’ on Kujira, our plans extend beyond. Our partners, Squid Router and Axelar, will help us to simplify yield access from multibillion chain(s) surpassing the boundaries of the Cosmos ecosystem.

Community effort

We are building a groundbreaking platform and aim to get attention from the wider world, specifically the Arbitrum community. By collaborating with the Kujira Community, Cosmos, and DeFi enthusiasts, we can concentrate our efforts on driving user adoption and attracting new liquidity (TVL) to both Blend Protocol and the broader Kujira ecosystem.

Our team believes in open access and equal financial opportunities. That’s why we are building Blend Protocol on Kujira.

Share your ideas!

There are some amazing strategists and investors in the community! We have our eyes on Logical Graphs, LLC, CryptoLimbo, CryptoCevo, Duo Nine, KujiraSenate, SumoKuji and Hein Alberts. Share your visionary strategies and let’s unlock the full potential of Blend Protocol together!

Join the Blend Protocol Discord and Blend Protocol TG-channel to connect with like-minded individuals and discuss your ideas on creating innovative blends.

What groundbreaking blends do you want to see?

The Blend Builders