BLUES

BlueshiftBLUES

Rank #3634
Token
On 288 watchlists

Blueshift Price (BLUES)

$0.09161
0.43%

0.0000054 BTC0.05%

0.00007293 ETH2.15%

Low:$0.08901
High:$0.09321
24h
BLUES  Blueshift BLUES
Price:
$0.09161
 0.43%
Market Cap
$228,555
0.00%
24h Volume / Market Cap
0.3213
Fully Diluted Market Cap
$9,160,665
0.43%
Volume
24h
$73,446
24.76%
CEX Vol
$73,445.72
DEX Vol
--
Self Reported Circulating Supply
2,494,963.00 BLUES
Max Supply
100,000,000
Total Supply
--

Blueshift to USD Chart

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BLUES to USD Converter

BLUES

Blueshift

USD

United States Dollar

BLUES Price Statistics

Blueshift Price Today
Blueshift Price$0.09161
Price Change24h-$0.000399
0.43%
24h Low / 24h High
$0.08901 /
$0.09321
Trading Volume24h$73,445.73
24.76%
Volume / Market CapInfinity
Market Dominance0.00%
Market Rank#3634
Blueshift Market Cap
Market Cap$228,555.20
Fully Diluted Market Cap$9,160,664.93
0.43%
Blueshift Price Yesterday
Yesterday's Low / High
$0.08901 /
$0.09431
Yesterday's Open / Close
$0.09141 /
$0.09041
Yesterday's Change

1.09%

Yesterday's Volume$69,996.15
Blueshift Price History
7d Low / 7d High
$0.08901 /
$0.1501
30d Low / 30d High
$0.08901 /
$0.1999
90d Low / 90d High
$0.08901 /
$0.4501
52 Week Low / 52 Week High
$0.08901 /
$2.33
All Time High
May 09, 2022 (7 months ago)
$2.33
96.07%
All Time Low
Dec 03, 2022 (4 hours ago)
$0.08901
2.92%
Blueshift ROI
No Data
Blueshift Supply
Circulating Supply2,494,963 BLUES
Total SupplyNo Data
Max SupplyNo Data

BLUES to USD Converter

BLUES

Blueshift

USD

United States Dollar

BLUES Price Live Data

The live Blueshift price today is $0.091607 USD with a 24-hour trading volume of $73,445.73 USD. We update our BLUES to USD price in real-time. Blueshift is down 0.43% in the last 24 hours. The current CoinMarketCap ranking is #3634, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000 BLUES coins.

If you would like to know where to buy Blueshift at the current rate, the top cryptocurrency exchange for trading in Blueshift stock is currently MEXC. You can find others listed on our crypto exchanges page.

What is Blueshift?

Blueshift is a new capital-efficient AMM exchange protocol based on decentralized liquidity portfolio management.

Blueshift is a DEX that utilizes multiple innovative mechanisms which facilitate new DeFi realities such as zero or negative arbitrage fee, significantly reduced impermanent loss due to the dynamic reserves model, liquidity portfolios, and the decoupling of token price from token reserves.

Blueshift`s innovations include:

Single-token liquidity provision Virtual pairs Internal pricing oracles Blueshift Reserve Model Community managed liquidity portfolios and liquidity portfolio managers Controllable minting schedule of the BLUES token

These innovations translate into broader areas of benefits, including:

An enhanced user experience and improved convenience Superior security Higher capital efficiency and effectiveness Liquidity Providers’ revenue generation from slippage

In numbers, these innovations lead up to the following performance parameters:

Price slippage reduced by 2-10x Impermanent loss reduced by up to 10x APRs of 60-75%

$BLUES token utilities

Governance over Liquidity Portfolios and the Blueshift ecosystem Staking and Farming rewards Participate in protocol’s $BLUES buy-back program

$BLUES Tokenomics

100,000,000 total supply 45 % allocated for staking rewards

The $BLUES token is a Cardano Native Asset that has been bridged to Milkomeda. The token will soon be bridged to other chains. To view the Tokenomics table click here.

Blueshift’s key differences from other DeFi solutions

Single-sided liquidity provision

Users can provide liquidity with one token instead of pairs which usually demand extra swaps and transaction costs. This feature significantly reduces impermanent losses for Blueshift users.

Liquidity Portfolios

Blueshift invented a new type of a liquidity pool that can hold more than 40 types of cryptocurrencies. This offers a multitude of benefits such as reducing slippage by evening it out across all portfolio asset types and the possibility of liquidity providing a single type of cryptocurrency, or a combination of all types of cryptocurrencies within a single portfolio.

In other words, a liquidity portfolio can be understood as an advanced version of a liquidity pool—which can contain several dozen different cryptocurrencies.

Liquidity Portfolio managers

Liquidity portfolio managers are professionals that have been selected to manage Blueshift’s liquidity portfolios.

Portfolio managers provide advice to protect a portfolio from low-quality assets as well as advice to add new assets with high growth potential. BLUES token holders vote on these suggestions. BLUES token holders can likewise vote to replace a manager or provide a bonus, at any moment—according to the performance of the manager’s portfolio.

Blueshift users will be able to build their own custom liquidity portfolios, however, this feature will only be utilizable by advanced users.

Controllable minting and burning schedule

BLUES token minting speed is ~0.06 BLUES per second whereby it will decrease by a monthly factor of 0.96. This will be modifiable via the DAO which is set to be operational in Q3 of 2022. The burning schedule will likewise be in full control of the community after the DAO is deployed.

Virtual Pairs

Virtual pairs are Blueshift’s equivalent of CeFi synthetic pairs, with a very important modification. Blueshift’s ‘Synthetic Pairs’, or Virtual Pairs—are created dynamically by the protocol during users’ swaps. Every time a trade is being executed—the protocol builds a synthetic pair that provides the best price for the traded asset.

In CeFi, synthetic pairs are custom made pairs created by users which consist of multiple connected pairs.

In other words, with the help of Virtual Pair technology, the Blueshift protocol can build a Virtual Pair ADA <> ETH from, for example, three different pairs: ADA <> BLUES, BLUES <> PAVIA and PAVIA <> ETH. The new synthetic trading pair ADA <> ETH will have a different and possibly better price for either ADA or ETH.

There is virtually no limit to what can be constructed, as long as it is financially feasible.

Blueshift Reserve Model

The Blueshift Reserve Model is the concept that enables users to perform zero-fee or negative fee arbitrage. The model is based on utilizing 10 % of the actual reserves for an arbitrage which results in arbitrageurs being incurred with higher slippage but no trading fees. Through the utilization of this mechanism, Liquidity providers suffer significantly smaller Impermanent losses.

Liquidity Providers’ protective mechanisms

The Blueshift DEX has a deposit and withdrawal limit for liquidity providers implemented which protects liquidity portfolios from malicious actions.

Likewise, if an assets’ price goes sharply downwards, below the EMA, or sharply upwards, above the EMA—the portfolio automatically decreases reserves for virtual pairs with this asset. This makes price slippage higher and protects LPs from dramatic losses.

Decoupling of token reserves from token price

Decoupling the token reserves of a liquidity portfolio from the price of each token allows for the reduction of impermanent losses.

Through the aforementioned decoupling—Blueshift provides unprecedented flexibility in portfolio asset management and the reuse of liquidity in external protocols for higher APRs.

Cross-chain environment

As a consequence of utilizing the Milkomeda technology—Blueshift users have the ability to acquire cryptocurrencies from various chains. The number of available assets on Blueshift, as well the number of integrated chains—will continue to steadily increase.

Unprecedented APR

The so-called “unprecedented APR” is comprised of the following elements:

Portfolio APR—related to the growing market value of portfolios DEX APR—related to trading fees that can be gained Farm APR—related to gains from the users` contributions to farming and yield pools External protocol APR—related to revenues gained from partner protocols

Upcoming Blueshift Milestones

Second Quarter of 2022. will be marked with Arbitrum integration, deployment of the decentralized portfolio management system as well as the integration of advanced trading and liquidity analytics.

During the Third Quarter of 2022. Blueshift will deploy full on-chain DAO and list the $BLUES token on Tier 1 Exchanges.

By the end of 2022. Blueshift will become a Multichain protocol.

The order of chain integration, ordered according to the schedule of integration, is as follows: Arbitrum, BSC, Avalanche, Solana, and afterward—other EVM compatible chains.

BLUES to USD Converter

BLUES

Blueshift

USD

United States Dollar

BLUES Price Statistics

Blueshift Price Today
Blueshift Price$0.09161
Price Change24h-$0.000399
0.43%
24h Low / 24h High
$0.08901 /
$0.09321
Trading Volume24h$73,445.73
24.76%
Volume / Market CapInfinity
Market Dominance0.00%
Market Rank#3634
Blueshift Market Cap
Market Cap$228,555.20
Fully Diluted Market Cap$9,160,664.93
0.43%
Blueshift Price Yesterday
Yesterday's Low / High
$0.08901 /
$0.09431
Yesterday's Open / Close
$0.09141 /
$0.09041
Yesterday's Change

1.09%

Yesterday's Volume$69,996.15
Blueshift Price History
7d Low / 7d High
$0.08901 /
$0.1501
30d Low / 30d High
$0.08901 /
$0.1999
90d Low / 90d High
$0.08901 /
$0.4501
52 Week Low / 52 Week High
$0.08901 /
$2.33
All Time High
May 09, 2022 (7 months ago)
$2.33
96.07%
All Time Low
Dec 03, 2022 (4 hours ago)
$0.08901
2.92%
Blueshift ROI
No Data
Blueshift Supply
Circulating Supply2,494,963 BLUES
Total SupplyNo Data
Max SupplyNo Data