Boosted LUSD BLUSD
1. Summary
- Price
-
$1.23 0.0%
- Market Cap
- $1.38M (#3393)
- Supply
- 1.89M / 1.89M
- 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 | $1.42 |
| 52W High date | 8th Nov 2024 (6 months ago) |
| All Time High (ATH) Date | 27th Jul 2023 (1 year ago) |
| ATH Price | $2.05 |
| % From ATH | -37.56% |
| All Time Low (ATL) Date | 10th Mar 2023 (2 years ago) |
| ATL Price | $0.98 |
| % From ATL | 30.11% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $7,105.00 |
| Total Supply | 1.89M |
| Circulating Supply | 1.89M |
BLUSD
How does Boosted LUSD's (BLUSD) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
3.6%
BLUSD
2.0%
Similar Market Cap
60 Day Return
-6.7%
BLUSD
-19.8%
Similar Market Cap
1 Year Return
6.7%
BLUSD
-25.1%
Similar Market Cap
We're monitoring 35 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: 46 commits vs. an average of 0
- Past 12 weeks: 325 commits vs. an average of 5
- Past year: 1,536 commits vs. an average of 66
Most Active Repos
| Past week | |
|---|---|
| Past 12 weeks | |
| Past year |
| Past week | |
|---|---|
| Past 12 weeks | |
| Past year |
| Past week | |
|---|---|
| Past 12 weeks | |
| Past year |
| Past week | |
|---|---|
| Past 12 weeks | |
| Past year |
| Past week | |
|---|---|
| Past 12 weeks | |
| Past year |
| Past week | |
|---|---|
| Past 12 weeks | |
| Past year |
Top Developers 2025
In total, 132 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 | 1,113 |
| Twitter followers | 4,442 |
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.
Are you the owner of Boosted LUSD? 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.