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Blueberry Product Docs
  • 🫐Welcome to Blueberry Protocol
  • Blueberry Overview
    • 👋What is Blueberry?
    • 🔍Concept Overview
    • 🔬Front End
  • 💸Earn
    • ⚖️Leveraged Strategies
    • 🌊Liquidation Process on Blueberry
      • The Concept of Liquidation
      • Liquidations on Blueberry
      • Role of Bots in the Liquidation Process
      • Mitigating Liquidation Risk
    • 📈Earn Token Listing
    • 📉Earn Token Delisting
    • 📏Strategy Listing and Delisting
    • 💲Fee Structure
    • ⁉️Earn Error Codes
  • 💰Lending Protocol
    • 🔎Overview
      • 🔨Governance
        • 💱Flash Loans
        • 🛑Delist
    • 🪙bToken Introduction
      • bToken Address
    • 📈Interest Rate Model
    • 💲Price Oracle
    • ⁉️Error Code
      • ⁉️Key Events
      • ⁉️bToken Error Code
      • ⁉️Comptroller Error Code
    • 💾Change Log
  • 🪙Tokenomics
    • 🔵BLB Governance Token
    • 💰ibTokens
    • 🍩$bdBLB
    • ⚓Lockdrop
    • 📀Token Distribution
  • 🖥️developer-guides
    • 📜Contracts
      • Blueberry Bank
        • Introduction
        • Blueberry Bank Contract
          • Variables
          • Modifiers
        • Fee Manager
        • ProtocolConfig
      • Oracle
        • Introduction
        • AggregatorOracle
        • CoreOracle
      • Spell
        • Introduction
        • AuraSpell
        • BasicSpell
        • ConvexSpell
        • IchiSpell
        • LongShortSpell
      • Vault
        • Introduction
        • HardVault
        • SoftVault
      • Utils
        • BlueBerryConst
        • BlueBerryErrors
        • EnsureApprove
        • ERC1155NaiveReceiver
      • Wrapper
        • Introduction
        • WAuraPools
        • WConvexPools
        • WCurveGauge
        • WERC20
        • WIchiFarm
      • Interact with Blueberry V1
    • 📔Deployed Contracts
  • 🛡️Security
    • 🛡️Audits
    • 🛡️Bug Bounty
  • Legal
    • 📃Terms of Service
    • 📃Privacy Policy
    • 📄Risks
  • Miscellaneous
    • 💙Early Adopter Wallet List
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  1. Tokenomics

ibTokens

What are ibTokens?

  • When a user supplies their assets to Blueberry Protocol's Earn strategies, ibTokens (interest-bearing Tokens) are used to keep track of the funds they have deposited as well as any interest earned in addition to the NFT representation of their position.

  • Each time a user supplies funds to the earn strategy, they are issued a corresponding balance in ibTokens, this is held in the Blueberry Bank contract. This balance of the ibTokens is directly proportional to the stake they have in the earn strategy, which accrues interest every block.

  • Each Earn strategy asset has its own ibToken; for example, if a user deposits BTC to the specific earn strategy, they will receive a corresponding balance of ibBTC.

  • When a user supplies assets to Blueberry Protocol's lend they receive ibTokens, which can be staked to earn bdBLB.

PreviousBLB Governance TokenNext$bdBLB

Last updated 1 year ago

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