we’re sunsetting $BLU and the bluejay protocol.
my first startup attempt -glad i took the risk, even if timing + fit weren’t right.
here's why we’re closing:
- non-usd stablecoin use/liquidity weren’t there rn
- rwas: no real edge, users preferred non-crypto yield
for $BLU/$bluSGD holders, here's what the refund process is going to look like:
- snapshot → ~ $1 per $BLU returned
- bluSGD will be refunded in XSGD
- the refund amount is pulled from our liquidity pools - $BLU/$DAI
for those who have no idea what this is, don’t worry - this was from my crypto days.
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