$BLP

Bluespade LP token

Bluespade Liquidity Pool ($BLP) is the native liquidity token of Bluespade. It is an index token that comprises a series of bluechip assets like $BTC, $ETH, $ATOM $CRO and Stablecoins. As such, its value is partially derived from the price of its underlying assets.

$BLP acts as the counterparty of all trades that are executed on Bluespade and earns a larger proportion of protocol revenue as compared to $BLU. BLP earns 60% of the fees generated daily. You can buy BLP on the buy page https://www.bluespade.xyz/#/buy_blp In order to buy BLP you need to select from an array of tokens available. BLP can be bought using any of the 7 tokens listed: $ATOM $ETH $BTC $CRO $DAI $USDC and $USDT.

$BLP will be automatically staked when buying it.

Staking $BLP receives two types of rewards:

• Escrowed $BLU ($esBLU)

• Protocol revenue ($CRO)