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Blueberry Protocol Raises $2.5M in Series A Funding for Decentralized Prime Brokerage Terminal

Blueberry Protocol Raises $2.5M in Series A Funding for Decentralized Prime Brokerage Terminal

Cointime2024/06/05 07:13
By: Cointime
DAO+0.42%ETH+0.17%ALCX0.00%

Blueberry Protocol, a decentralized prime brokerage terminal based in Panama City, has raised $2.5 million in Series A funding led by White Star Capital. Other investors include Varys Capital, SNZ Capital, and Alchemix DAO. The funds will be used for team expansion and increased security budget. Blueberry aims to expand accessibility, boost capital efficiency, and improve profitability for DeFi users by providing decentralized access to generalized leverage for DeFi on Ethereum. The first protocol connected to Blueberry is Bloom, which introduces permissionless RWA yields (TBYs) with natively yielding returns.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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