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
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