Lending Protocol Blizz will Go Live at 10am UTC on Avalanche

TokenInsight news, Blizz Finance, a decentralized liquidity marketplace protocol, announced that it will launch Blizz, a decentralized lending protocol, on Avalanche today at 18:00 Beijing. Blizz is a lending marketplace based on AAVE v2. On Blizz, stakers and lockers share 50% of the agreement's revenue. The total supply of tokens is 1 billion, distributed as follows: 50% as rewards for lenders and borrowers over five years; 20% as rewards for BLZZ/AVAX liquidity providers on TraderJoe over five years; 10% for airdrops and incentives for the associated DeFi community for at least one year (including the Curve Gauge incentive and the initial GEIST airdrop); 15% is allocated to the team for linear unlocking over one year; and 5% is allocated to Treasury. to ensure sufficient initial liquidity, 1% of the $BLZZ supply will be airdropped to pledgers and lockers on GEIST Finance, and these tokens will be available for claiming approximately one hour before the $BLZZ is issued and trading begins.
Source

Lending

Avalanche

Related News
Risk Manager Gauntlet Quits Aave and Moves to Rival Lending Protocol Morpho Risk Manager Gauntlet Quits Aave and Moves to Rival Lending Protocol Morpho
Avalanche Unveiled Criteria for its $100M Meme Coin Fund Avalanche Unveiled Criteria for its $100M Meme Coin Fund
Radiant Capital Loses $4.5M in Exploit, Halts Lending Market on Arbitrum Radiant Capital Loses $4.5M in Exploit, Halts Lending Market on Arbitrum
Stars Arena Relaunched with Pause on Trading Functionality Stars Arena Relaunched with Pause on Trading Functionality
Stableswap Platypus Hacked for Over $2M, Pauses All Pools Stableswap Platypus Hacked for Over $2M, Pauses All Pools
Latest News More More
39 Minutes Ago FTX Claim Window Prices $BTC at $16,871, well below the Market Price
51 Minutes Ago Amount of Bitcoins on Exchanges Reaches Multi-years Low
2 Days Ago RWA Protocol Ondo Finance to Launch Tokenized Security
3 Days Ago Bitwise Thinks Spot Bitcoin ETF to See the Next Wave of Institutional Capital as Major Brokerage Firm Open Gate
3 Days Ago Blast Launched Mainnet, Unlocking $2.3B Staked Assets
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open