B.Protocol
1. Summary
- Price
-
$0.58 0.0%
- Market Cap
- $3.00M (#2564)
- Supply
- /
- Description
-
B.Protocol is a decentralized backstop liquidity protocol aimed at providing better stability and efficiency for DeFi lending platforms. It pools user funds into Backstop pools, which are used to facilitate liquidations on integrated lending platforms. When a liquidation takes place, the protocol automatically redeposits the profits back into the B...
B.Protocol is a decentralized backstop liquidity protocol aimed at providing better stability and efficiency for DeFi lending platforms. It pools user funds into Backstop pools, which are used to facilitate liquidations on integrated lending platforms. When a liquidation takes place, the protocol automatically redeposits the profits back into the Backstop pool. Users of the protocol participate based on their usage, and they receive bScores, which determine their share of liquidation proceeds.
How It Works
Liquidation Process
- Backstop Liquidity Pools: Users deposit stablecoins to pool liquidity for lending platforms, such as Liquity or Vesta Finance.
- Liquidation: When a liquidation is needed, the protocol automatically pulls funds from the Backstop pool, auctioning off the collateral.
- Profit Redistribution: After the liquidation, the profits are redeposited back into the Backstop pool.
User Participation
- bScores: Users are awarded bScores based on their usage of the platform. These scores are used to determine each user's proportion of liquidation proceeds.
- Governance: Users with BPRO tokens govern the protocol, deciding on future monetization strategies and policy adjustments.
Key Features
- Decentralized backstop liquidity: The protocol removes the need for centralized flash loan bot operators and DEX liquidity, providing more efficient liquidations for lending platforms.
- Automated liquidation process: Liquidity providers pre-fund Backstop pools, which automatically provide liquidity for liquidations, eliminating the need for manual intervention.
Additional Features
- Risk Management: The protocol includes risk assessment and management solutions through its sub-DAO, RiskDAO.
- Neutral Risk Oracle: The protocol aims to provide automated, neutral risk management for the DeFi ecosystem to minimize human bias and align with the DeFi principles of self-execution.
Overview
- Governance: The protocol is governed by holders of the BPRO token.
- Modified Liquidity Usage: Users of the protocol split liquidation proceeds based on proportional usage of the protocol, creating a more fair and user-beneficial system.
| Price | |
| 52W High price | $1.45 |
| 52W High date | 7th Nov 2023 (1 year ago) |
| All Time High (ATH) Date | 21st Oct 2024 (1 month ago) |
| All Time Low (ATL) Date | 21st Oct 2024 (1 month ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $69.00 |
How does B.Protocol's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
-7.2%
Similar Market Cap
We're monitoring 46 B.Protocol GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All B.Protocol Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 8
- Past year: 0 commits vs. an average of 111
Most Active Repos
| Past week | 7 |
|---|---|
| Past 12 weeks | 65 |
| Past year | 1723 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 734 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 104 |
| Past year | 514 |
| Past week | 86 |
|---|---|
| Past 12 weeks | 191 |
| Past year | 484 |
| Past week | 1 |
|---|---|
| Past 12 weeks | 3 |
| Past year | 390 |
| Past week | 25 |
|---|---|
| Past 12 weeks | 65 |
| Past year | 312 |
Top Developers 2024
In total, 334 developers have contributed to B.Protocol over the past year. Who are the most active B.Protocol developers, by commits, over the past year?
Related Projects
Developers working on B.Protocol also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 0 |
|---|---|
| Active Reddit Users (past 24h) | 0 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 186 |
| Twitter followers | 7,390 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://bprotocol.org/ |
|---|---|
| Explorer | https://etherscan.io/token/0xbbbbbbb5aa847a2003fbc... |
| @bprotocoleth |
What is the correct contract address for B.Protocol?
| Ethereum | 0xbbbbbbb5aa847a2003fbc6b5c16df0bd1e725f61 |
|---|
Has B.Protocol been audited for security?
No security audits found for this project.
Are you the owner of B.Protocol? Edit it here
Subscribe for free
Investment alerts and insights directly in your inbox.
By continuing, you agree to the Stack Terms of Service and Privacy Policy.