Welcome to Blueberry Vaults 🫐
Simplifying the complex world of DeFi with better user-experience and optimized growth.
Last updated
Simplifying the complex world of DeFi with better user-experience and optimized growth.
Last updated
Welcome to the documentation for the , a cutting-edge DeFi solution designed to optimize your rewards in the GMX ecosystem.
Our mission is to make DeFi more accessible and user-friendly, enabling both seasoned crypto enthusiasts and web3 newcomers to enjoy the benefits of sophisticated DeFi strategies without the usual complexities and time constraints.
The Blueberry Vaults are a set of three vaults, each with a distinct strategy to maximize your yields. They are designed for stablecoin holders and liquidity providers of GMX who hold GLP. The three vaults are:
GLP Non-Leveraged Vault: This vault automatically compounds your ETH rewards from GMX back into GLP, optimizing your overall rewards through the power of compound interest.
GLP 3x Leveraged Vault: This vault enables users to gain leveraged exposure to GLP and its rewards. It achieves this by borrowing USDC from the USDC Vault and reallocating these stablecoin assets back into GLP.
USDC Vault: This vault lets users earn delta-neutral rewards on their USDC. It earns a variable rate paid by the Leveraged GLP Vault and a portion of the rewards generated by the GLP minted from the lent USDC.
These vaults offer unique advantages:
Ease of Use: Blueberry Vaults aim to make DeFi more accessible and user-friendly, with a straightforward UI and automated strategies.
Fee Efficiency: Unlike many DeFi tools, the Blueberry Vaults do not charge management or performance fees. Gas fees are also fully covered for the compounding process.
Automated Compounding: Both the GLP Vaults automatically compound your rewards, maximizing your growth without requiring you to manually manage assets.
Leveraged Exposure: The GLP 3x Leveraged Vault offers a way to gain leveraged exposure to GLP, amplifying your portfolio.
Delta-neutral Rewards: The USDC Vault provides a delta-neutral fee generation on USDC, available for those who are looking to lend their stablecoins.
The Blueberry Vaults are a part of the larger Arbitrum and GMX ecosystem and are also supported by the team at Seashell, who have backgrounds from Google, Coinbase, Robinhood, CertiK, and other DeFi protocols. Seashell is backed by Coinbase Ventures and many founders and funds of web3, including Polygon, Avalanche, and Solana.
Seashell believes that more user-friendly portals benefit both DeFi experts and web3 newbies alike. The Blueberry GLP Vaults automate DeFi routines and allow users to earn increased rewards with a simple and intuitive experience.
Ready to take the next step? Check out this step-by-step guide to start growing your GLP rewards faster with the Blueberry Vaults. Remember to do your own research and always consider your own risk tolerance when participating in DeFi.
Welcome to the Blueberry Vaults. Let's grow together!
Note: The term "yield" or "yields" are used in the context of rewards and/or fees generated for the user by associated activities on a target DeFi platform (e.g., trading fees, liquidity provider fees).