đź“–
BLUEFIN-white-paper
  • Introduction
  • Vision-Value-Target
  • OVERVEW
    • Money Markets
    • Token Economy
    • Roadmap
    • Fees
    • Refer-a-Friend
  • Products & Services
    • AMM/Swap
      • Liquidity
      • Impermanent Loss
  • Yield Farming
  • Stake
  • Savings on transaction fees
  • Token Listing
  • DEVELOPERS
    • Subgraphs & SDK
    • Smart Contracts
  • Entering the Bluefin World
    • Entering the bluefin World
    • The Problem with Bluefin
    • The Market is at a new tipping point
    • Relite Protocol
    • Relite Primary Features
    • How is This Achieved?
    • How is This Achieved?
    • How is This Achieved?
    • How is This Achieved?
    • MVP: Core Features:Lending DAI and Staking
    • MVP: Goals
    • Use Cases
    • Relite Token
    • Token: Governance
    • Token: Rewards and Liquidity Mining
    • Token: Staking
    • Token: MVP Protocol Logic
    • Token: Reserve Fund Logic
    • Tokenomics
    • Token allocation
    • Roadmap: The Big Picture
    • Detailed Roadmap
    • Competition
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On this page
  • Entering The Bluefin World
  • The Problem with Bluefin
  • Lack of interoperability
  • High fees and overcollateralization
  • Lack of usability
  • Bluefin Protocol
  • • A New Generation Cross-Chain Protocol

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  1. OVERVEW

Money Markets

PreviousVision-Value-TargetNextToken Economy

Last updated 4 years ago

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Entering The Bluefin World

Bluefin Finance is moving at a staggering speed. In only 2 years DeFi projects “locked” $18B*. DeFi giants such as Compound and Uniswap have unlocked a new dimension of financial features in a trustless, open, and transparent manner. Shaking up the current financial system is no easy task. The biggest bottlenecks on this path of evolution are; lack of interoperability, usability, and the high fees associated with participating in this new financial system built on blockchain. Thus, how can we bring crypto to the masses? The world of cryptocurrency has experienced levels of unprecedented growth and, with it, has ushered in a new generation of crypto users. Users who are seeking usability, fair rates, and faster interaction. This has to be available in one seamless environment

The Problem with Bluefin

Lack of interoperability

Defragmentation of assets in the Bluefini space is still very high. Users cannot use native BTC, ETH, DOT, etc in one protocol.

High fees and overcollateralization

On average, users are required to surrender 180% of the loan value in collateral to protect from liquidation. On top of this, to interact with many existing Bluefin protocols, users are required to pay enormous fees for contract execution

Lack of usability

There exists no simple, all-encompassing, intuitive UX required for accelerating mass adoption

Bluefin Protocol

• A New Generation Cross-Chain Protocol

Relite is a money market protocol enabling users to lend, borrow, and stake all crypto assets in one interface.

With interoperability at its core, Relite Protocol enables the utilisation of ERC-20 tokens alongside other popular chains (Bitcoin, Polkadot), creating a mixed asset basket

Through this we will offer lower collateralization requirements, manageable fees, and unprecedented levels of usability

Users are empowered to utilise any native crypto asset, further driving adoption to the masses