Boosted LUSD BLUSD
1. Summary
- Price
-
$1.28 +0.0%
- Market Cap
- $3.68M (#1905)
- Supply
- 5.21M / 5.21M
- Tags
- Ethereum Ecosystem
- Description
-
Boosted LUSD (BLUSD)
Boosted LUSD (BLUSD)
Boosted LUSD (BLUSD) is a novel bonding mechanism designed to acquire protocol-owned liquidity (POL) for Liquity. It allows users to earn an amplified yield on their LUSD holdings compared to traditional deposits in the Stability Pool.
To use Chicken Bonds, you need a crypto wallet, such as MetaMask, connected to the Ethereum mainnet. You can bond LUSD in exchange for bLUSD, which offers a boosted yield. Alternatively, you can purchase bLUSD on the open market, such as the bLUSD/LUSD-3CRV Curve pool.
Dynamics of Chicken Bonds
- Bonding LUSD: By depositing LUSD into the system, users accrue a virtual balance of bLUSD over time. This bLUSD can be redeemed for a proportional share of the system's reserve LUSD.
- Yield Amplification: The yield generated by bLUSD is higher than the yield earned by LUSD in the Stability Pool. This amplified yield is due to the compound interest effect.
- Dynamic NFTs: Chicken Bonds introduces Dynamic NFTs, which change their visual representation based on users' bonding actions and are unique to the bonds they hold.
Liquidity Buckets
Chicken Bonds uses three global LUSD buckets:
- Pending Bucket: Contains the LUSD from all open bonds.
- Reserve Bucket: Holds all LUSD that can be redeemed by burning bLUSD.
- Permanent Bucket: Contains all protocol-owned LUSD and remains untouched by redemptions.
Actions Users Can Take
-
LUSD Holders:
- Create a bond, accrue bLUSD, and redeem it for enhanced yield.
- Trade LUSD for bLUSD on the Curve pool.
-
bLUSD Holders:
- Trade bLUSD for LUSD on the Curve pool.
- Redeem bLUSD for LUSD.
Mechanics
- Chicken In: Users can claim their accrued bLUSD.
- Chicken Out: Users can cancel their bond and reclaim their principal.
Chicken Bonds strategically manages the movement of LUSD between vaults to ensure the liquidity and stability of the system.
| Price | |
| 52W High price | $1.26 |
| 52W High date | 24th Oct 2023 (9 months ago) |
| All Time High (ATH) Date | 27th Jul 2023 (11 months ago) |
| ATH Price | $2.05 |
| % From ATH | -42.22% |
| All Time Low (ATL) Date | 10th Mar 2023 (1 year ago) |
| ATL Price | $0.98 |
| % From ATL | 20.4% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $952.00 |
| Total Supply | 5.21M |
| Circulating Supply | 5.21M |
BLUSD
How does Boosted LUSD's (BLUSD) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
1.2%
BLUSD
13.7%
Similar Market Cap
60 Day Return
-0.3%
BLUSD
-11.3%
Similar Market Cap
1 Year Return
1.9%
BLUSD
23.6%
Similar Market Cap
We're monitoring 29 Boosted LUSD 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 Boosted LUSD Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 4 commits vs. an average of 8
- Past year: 59 commits vs. an average of 117
Most Active Repos
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Top Developers 2024
In total, 118 developers have contributed to Boosted LUSD over the past year. Who are the most active Boosted LUSD developers, by commits, over the past year?
Related Projects
Developers working on Boosted LUSD 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 | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | 8,291 |
| Active Discord Users | 942 |
| Telegram Users | 1,124 |
| Twitter followers | 4,668 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://www.chickenbonds.org/ |
|---|---|
| Explorer | https://etherscan.io/token/0xB9D7DdDca9a4AC4809918... |
| @ChickenBonds |
What is the correct contract address for Boosted LUSD?
| Ethereum | 0xb9d7dddca9a4ac480991865efef82e01273f79c3 |
|---|
Has Boosted LUSD been audited for security?
No security audits found for this project.
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