DeFi Prime Broker Blueberry Raises $2.5 Million Series A Funding

Key Takeaways

• Blueberry Protocol has raised $2.5 million in Series A funding led by WSC and Varys Capital.
• Blueberry provides decentralized access to generalized leverage for Ethereum-based DeFi assets.
• Blueberry seeks to improve accessibility, capital efficiency, and profitability for DeFi users by integrating advanced risk management tools and a sophisticated leverage framework.

blueberry protocola decentralized prime brokerage terminal, has raised $2.5 million in a Series A funding round. white star capital and Varys Capital. The investment round also attracted other high-profile investors, including SNZ Capital, Alchemix DAO, Aquanow, Dewhales members, DCD members, GateCap Ventures, Nayt Technologies and MonkeVentures.

This funding comes as Blueberry Protocol aims to redefine prime brokerage in the decentralized finance (DeFi) space, providing users with access to generalized leverage for DeFi on Ethereum. This move is expected to open new opportunities through advanced risk management and higher leverage compared to traditional prime brokerage services.

Blueberry Protocol Integration Risk management tools with a sophisticated leverage framework seek to expand accessibility, increase capital efficiency, and improve profitability for a broad range of DeFi users. With the recent resurgence of the DeFi sector with Total Value Locked (TVL) exceeding $100 billion and the approval of the Ethereum ETF, Blueberry finds itself well-positioned to lead institutional DeFi adoption.

“As institutional participation increases, flexible prime brokerage services have become important for safe and efficient trading, liquidity provision, and portfolio management in the cryptocurrency market. The Blueberry Protocol caters to both conservative whales and high-risk investors,” the company said in a statement.

Cameron Coombes, Vice President at White Star Capital. “We believe that the core spirit and purpose of decentralized finance is to allow users around the world to interact and execute financial transactions in a self-sovereign and permissionless manner,” he said, emphasizing the importance of Blueberry’s mission.

Darius Askaripour, Managing Partner at Varys Capital. “The Blueberry Foundation, with the support of our DeFi foundation team, will play a critical role in developing the essential building blocks of DeFi,” he said, highlighting the potential impact of Blueberry’s initiatives.

Jonathan Thomas, CEO and co-founder of Blueberry Protocol “By offering industry-leading loan-to-value (LTV) ratios of up to 20x, we are ready to revolutionize on-chain trading and yield strategies.”

Blueberry will primarily allocate the new funds to expanding its team and strengthening its security measures. Blueberry Protocol also announced plans to provide early access to its native BLB token through Fjord Foundry and PancakeSwap events.

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