Blueberry Protocol
An Ethereum protocol for high-leverage lending and yield strategies
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About Blueberry Protocol
Blueberry Protocol is a decentralized lending market on Ethereum that enables leveraged borrowing and lending, with leverage up to 20x. Users can deposit collateral to borrow assets and use them for strategies like yield farming, arbitrage, and more. The protocol uses Position NFTs to manage positions, lenders provide liquidity to earn interest, borrowers can leverage their positions, and liquidators maintain protocol stability.
The core competitiveness lies in its high leverage (up to 20x) for lending and yield farming, supported by a modular architecture that integrates various strategies such as leveraged trading, yield farming, and arbitrage. The DAO governs which assets and strategies are whitelisted, enhancing security.
The protocol addresses the issue of low capital efficiency by allowing users to amplify returns through leverage. Position NFTs centralize position management, simplifying operations. Additionally, decentralized governance and liquidation mechanisms help mitigate risks.
Regarding development in the past six months (2026-03-02 to 2026-09-02), no specific information is available from the provided sources.
In the past six months, Blueberry Protocol completed a $2.5 million Series A funding round led by White Star Capital and Varys Capital, with participation from SNZ Capital, Alchemix DAO, and others. The protocol officially launched, introducing a decentralized lending market supporting strategies like Curve and Uniswap v3 with up to 20x leverage, and initiated a lockdrop to incentivize liquidity, reaching a TVL of $6.5 million. The BLB token was issued via a Fjord Foundry LBP. Official future roadmap: build Blueberry v2 to strengthen security, optimize the protocol, and expand BLB token utility; plan to deploy to multiple chains beyond Ethereum; expand the team. Governance will add new strategies and assets, with risk parameters from Gauntlet, driving mainstream DeFi adoption.
Co-founders and core executives:
Slater Heil — Co-founder & CEO. Former DeFi fund manager with experience in startup operations and digital asset investments for high-net-worth individuals, focusing on marketing, growth, and investor relations.
Jonathan Thomas — Co-founder & CTO. Background in peer-to-peer trading, high-frequency trading, and DeFi solutions, covering product development, financial management, compliance, and risk. LinkedIn: https://www.linkedin.com/in/jonathandthomas1/ | Twitter: https://x.com/Possiblyjt
Arthur Wiseberg — Head of Business Development & Growth. Previously worked in London investment banking and led major crypto lending desks, bringing institutional-grade strategy.