$BLP
Bluespade LP token
Last updated
Bluespade LP token
Last updated
Bluespade Liquidity Pool ($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 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)
