Hello, Kujira Mainnet.
The first fully audited smart contracts of Blend Protocol are now open to community voting for Mainnet deployment.
Please note, the Blend protocol requires multiple deployments* This includes: Instantiating the oracle, instantiating the factory and providing instantiate permissions to the factory contract.
While this may come as a shock to some, given Blend only popped up on socials ~5 weeks ago, the team has actually been working on Blend for over 4 months. We admire the typical Kujira way of just building products, and felt it was only right to follow suit.
Connecting Kujira dApps.
We challenged ourselves to build a product that connects the amazing protocols on Kujira in a way that supports grassroots innovation and inclusivity. While we haven’t publicly documented the many ins and outs Blend will offer, we are confident it will usher in a new era for Kujira DeFi and genuine protocol use.
How Blend benefits the Kujira community
Since $KUJI stakers earn fees from the use of protocols such as GHOST, BOW, FIN and ORCA, the game is simple; increase the use of these protocols through DeFi composability.
- All swaps that happen on Blend strategies, will be routed through Manta which means more volume, more fees and more $MNTA value capture.
- In particular the first strategy, Blend brings more liquidity and more transactions to BOW and by virtue FIN.
- Blend heavily increases borrow volume and lend APRs meaning more fees back to $KUJI stakers.
- Wait and see for this one, but we’re excited about it.
For the full Audit Report, please see: https://blendprotocol.xyz/audit-1.pdf
The Next Step.
As quality is important to us, we will be testing the BOW Yield Strategy privately in production, to ensure it’s performing as expected prior to opening up $KUJI deposits.
We will release more information on how this strategy works in the next few weeks.
Once we are happy, we will set a launch date and start the exciting count down.
A Final Note
We are just like you, Kujira community members that want to see nothing but Kujira realize the vision of true grown-up DeFi. This is why we have been pouring our blood, sweat and tears into development the last 4 months.
So buckle up, it’s time we work together to show the Cosmos ecosystem and beyond what it means to be a Kujiran, a Shrimp, a Manta, or a Ghost.
The Blend Builders