Blueshift: A Portfolio-Based Asset Management Protocol

BlueShift offers the first model of a decentralized exchange and crypto asset management protocol, completely overcoming the outdated style of existing platforms.

BlueShift operates an AMM (Automated Market Maker) using advanced technological innovations and based on a portfolio approach to liquidity control.

As a result, it has been able to establish and implement a community driven space for liquidity providers with many outstanding benefits.

Its ultimate goal is a sustainable expansion into the world of traditional finance, replacing obsolete rigid institutions, bringing greater impact to society, and becoming the number one cross chain crypto asset management solution.

Blueshift: Founding the Future

BlueShift’s founder and CEO is Igor Mikhlev, a partner and head of emerging tech strategy at EY-Parthenon. Igor has a strong and diverse background in financial consulting.

He also holds a PhD Researcher and MBA degree certified by Amsterdam Business School. From long ago, Igor was exposed to blockchain and other financial research projects.

Formerly serving as Director and Blockchain Chapter Lead at BCG (Boston Consulting Group), Igor served a number of clients as well as nurtured the seeds of a community-focused crypto initiative.

It was then that he joined hands with Rhys Lindmark from MIT Media Lab to create Fair Launch, an idea that tokenized the public. Meanwhile, one of Igor’s clients at BCG was Cardano founder Charles Hoskinson.

While developing a decentralized consortium funding mechanism for Cardano, Igor and his team eventually launched BlueShift’s predecessor, Liquify.

The project also strengthened the ties between Igor and Charles, as Cardano remains a key strategic partner of BlueShift until now.

how it works

BlueShift follows the same principles as the most popular traditional financial indices such as S&P 500, Down Jones, Nasdaq to consider a practical application on a decentralized foundation.

This vision has been realized thanks to the portfolio approach. Instead of using pairs to hold liquidity like the old protocol, BlueShift created multiple portfolios, each consisting of a list of accepted tokens.

Those tokens are managed by protocol users, who can determine who to keep or remove through DAO voting. Any one of these can be chosen to invest and receive part of the portfolio.

With this approach, liquidity providers are aware of and agree that the value of their actually owned assets will change immediately, and can be exchanged within the same portfolio without restriction.

Swapping tokens in a portfolio in a process where the system generates a floating virtual pair to perform a liquidity exchange. Once the transaction is done, the virtual pair will disappear while the internal oracle stores the exchange price of the token.

By introducing liquidity portfolios and virtual pairs, BlueShift seeks to provide a more inclusive and free space for the decentralized financial world. This could pave the way for a wider, more convenient access point between crypto assets and potential users, including traditional investors and traders.

achievements

Through more than 8 years of development and operation, BlueShift has accomplished many remarkable trophies. This includes the successful seed capital funding of USD 3 million raised by Shima Capital or the acquisition of the top DEX on Milkomeda.

So far, Blueshift is listed on major DEX platforms such as CoinGecko, Coinmarketcap, DeFi Lama and has sealed deals with several strategic partners including Multichain, MEXC Global, Next Chimia, Nomad, Symbiosis and CelerNetworks.

Since its IDO, the BLUES token has seen an increase of 764% in price, reaching an all-time high (ATH) of $2.16 in May.

Monthly trading volume has exceeded 2 million transactions. The team also successfully conducted two security audits by Certik, proving that they have total safety and security over users’ crypto assets.

Who Serves BlueShift?

Blueshift opens its platform to multiple target audiences. Currently, liquidity is a major focus of provider BlueShift, as the team aims to add as much liquidity as possible.

This is a critical element for the development of the platform, as the more portfolios available, the more funds will be invested in the protocol. BlueShift is constantly pulling in liquidity providers through payment and rewarding schemes.

The next group is that of traders and intermediaries. These people will go to the platform and do swap transactions, which generate the real circulation of crypto assets throughout the ecosystem.

To attract these targets, BlueShift offers them with low price slippage and favorably low fees, even zero. Blueshift also welcomes any DeFi projects that wish to list and reach the platform’s large user base.

Not only this, but its vision is to touch the fingers of traditional finance like banks and payment processors on the traditional finance spectrum as an alternative replacement with a whole lot of pervasiveness and greater social impact.

blue token

BlueShift’s native token is called BlueZ, which is tied to the Cardano Native Token (CNT) as well as Milkomeda, another BlueShift strategic partner. According to its roadmap, BLUES will be combined with Ethereum and other popular chains.

As the system’s native token, BLUES opens the key to the DAO (Decentralized Autonomous Organization), which allows BLUES holders to vote for portfolio changes by adding, removing, or adjusting the weight of any token.

In addition, BLUES plays a major role in the reward system, as a proportion of the supply (up to about 46%) will be redistributed to incentivize liquidity providers and token holders who bet on cryptocurrencies.

benefits

Thanks to the new Automated Market Maker algorithm using Liquidity Portfolio and Virtual Pairs, BlueShift is able to deliver a lot of attractive benefits to its users.

One of the most notable advantages of BlueShift is the significantly lower amount of temporary damage. With a liquidity portfolio, liquidity providers are worry-free to enjoy LP charges, with temporary losses as low as two to ten times.

For traders and intermediaries, they get the advantage of attractive low to zero fees, which is certainly high engagement and a great motivation to get into swap trading.

The token’s incentive scheme also encourages members to stake more of their LP and Bluez tokens.

BlueShift has also developed a smart minting system which is acceptable for multiple account farming. It is able to generate a high Annual Percentage Rate (APR) and reduce inflation in token prices, therefore reducing risk in asset management and crypto swaps.

At the same time, it is very easy for users to join the protocol, as all they have to do is contribute a single token to the liquidity pool.

On the other hand, once accepted, they are free to experience the many other cryptocurrencies available within the portfolio. It is a vision of unlimited accessibility for everyone interested in virtual financial instruments.

conclusion

Together with the DAO voting mechanism, it enables community power and enhances democracy throughout the ecosystem. While DeFi is still in its early stages, BlueShift is leading a new global economy.

Using state-of-the-art technologies and all available resources, BlueShift is already claiming its position as a top decentralized protocol for swaps, liquidity pools, farming or staking.