- #1680
Boosted LUSD BLUSD
BLUSD Price
Market Cap
$3.53 MRank #1680FDV
$3.53 MRank #1866Investors
Twitter Followers
Twitter Performance
383WeakRank by Twitter #3840- 0
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Detailed Performance
BLUSD shows Neutral behaviour against top cryptocurrencies, leading categories and blockchains over various time periods
BLUSD to USD Converter
Price History
- All-Time High
- $2.161.82x to ATH
- All-Time Low
- $0.86581.38x to ATL
- Trade Launch Date
- 25 Nov, 2022
652 days ago
Exchanges
Exchanges type
About BLUSD
Boosted LUSD (bLUSD) is an ERC20 token that is obtained when a user participates in the Chicken Bonds protocol by "Chickening In". It is generated by giving up bonded LUSD in exchange for accrued bLUSD. bLUSD is backed by the funds in the Reserve bucket and can always be redeemed for a proportional share of the Reserve. It earns a higher yield compared to regular LUSD due to the yield inflow generated by all the buckets in the system. The gains from yield are automatically compounded back into more LUSD, increasing the value of bLUSD over time.
What makes Boosted LUSD unique?
Boosted LUSD, also known as bLUSD, is a unique cryptocurrency because it is obtained through a novel bonding mechanism called Chicken Bonds, which is first applied to Liquity's LUSD. There are several features that make Boosted LUSD unique:
1. Principal Protection: When you bond LUSD to acquire bLUSD, your bonding principal is protected. This means that even if the value of LUSD fluctuates, your initial investment is safeguarded.
2. No Lock-up Period: Unlike some other cryptocurrencies, there is no lock-up period for bonding LUSD. You have the flexibility to cancel your bond anytime without any restrictions.
3. Enhanced Yield: By holding bLUSD, you can benefit from an enhanced yield beyond what the equivalent amount of LUSD would earn. This means that you have the opportunity to earn higher returns on your investment.
4. Discounted Tokens: When you bond LUSD, you receive boosted tokens at a discount. This allows you to acquire bLUSD at a lower price compared to its underlying value.
5. Dynamic NFTs: Chicken Bonds utilize dynamic non-fungible tokens (NFTs). These NFTs represent the ownership of the bond and can be traded or sold on the market. They add an additional layer of flexibility and potential value to the bonding process.
Overall, Boosted LUSD stands out due to its unique bonding mechanism, principal protection, enhanced yield potential, discounted tokens, and the utilization of dynamic NFTs.
Live Boosted LUSD Price Data
The current price of Boosted LUSD (BLUSD) is approximately $1.19, reflecting a increase of 3.19% in the last 24 hours. The BLUSD trading volume in the last 24 hours stands at $5,070.54. Boosted LUSD's market cap is currently $3.53 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of BLUSD is 2.97 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Boosted LUSD's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on BLUSD, check out our crypto insights page.
BLUSD to USD Converter
Price History
- All-Time High
- $2.161.82x to ATH
- All-Time Low
- $0.86581.38x to ATL
- Trade Launch Date
- 25 Nov, 2022
652 days ago