Blueshift is a new capital-efficient AMM digital exchange protocol based on decentralized liquidity portfolio management, providing low impermanent loss, low price slippage and unprecedented APRs.

The most advanced features of contending DeFi players include Smart Order Routers (SORs) and limited portfolios. Blueshift goes beyond these established approaches and provides a wide range of innovations, which have the potential to reinvent DeFi.

While being a DEX at the very core, Blueshift offers a multitude of innovative mechanisms, which create a new product category beyond DEXs.

Blueshift`s innovations include single-token liquidity, virtual pairs, internal pricing oracles, Blueshift Reserve Model, community-managed liquidity portfolios and liquidity portfolio managers as well as a controllable minting schedule of the BLUES token.

These innovations translate into broader areas of benefits that can be summarized by an enhanced user experience and improved convenience, superior security, and higher capital efficiency and effectiveness.

In numbers, these innovations translate into price slippage that can be reduced by up to 2-10x, impermanent loss reduced by up to 10x, APRs of 60-75%, and even zero or negative fees for arbitrage operations.

All these advantages are coupled with the ability to execute multi-token trades at the cost of a single transaction as well as the ability to generate revenue from slippage, as a liquidity provider.

Likewise, users will be able to utilize farms and yield pools on the same platform they use to trade and provide liquidity, meaning they never have to leave the familiar Blueshift UI.

At the same time, users will in the future also be able to use other chains via the same known Blueshift UI—without the hassle of accessing multiple wallets and protocols. This cross-chain integration will be enabled by Milkomeda.

Cross-Chain Integration

The key enabler of Blueshift is Milkomeda, a Layer-2 blockchain, which will allow users and Blueshift itself to tap into various opportunities in the future.

Users will be able to cross chains with ease and execute transactions at low fees on any EVM chain whilst not having to leave their own preferred chain. The emerging cross-chain environment will provide access to extended liquidity and enhance the scalability of the Blueshift ecosystem.

After Milkomeda, the Blueshift team will continue to integrate new EVM-compatible chains into the platform. Arbitrum, BSC, Avalanche, Solana. After the integration of Solana, other EVM-compatible chains will be considered and integrated as well.

Benefits for Blueshift ecosystem users

Blueshift provides traders, arbitrageurs, LPs, holders and users that are a mix of the previously listed roles—with significant advantages over established solutions.

Traders

Traders have access to a simplified trading UI and an enhanced user experience, lowest price slippage in the industry as well as every possible swap pair between tokens in a portfolio and zero fees for arbitrage operations.

Liquidity Providers

Liquidity providers on the other hand get access to single-sided token liquidity provision, reap benefits from professional portfolio managers’ decisions and have the ability to perform super-efficient swaps utilizing virtual pairs—eliminating unnecessary swaps and providing convenience.

Likewise, Impermanent loss is reduced by up to 10 times and additional revenues from external protocols can flow towards the user.

BLUES holders

BLUES holders are rewarded with an unprecedented APR from yield pools and have their tokens economic state protected by a controlled token mint and burn schedule.

Likewise, BLUES holders get to control the ecosystem through decentralized governance, allowing the community to vote on portfolio managers and the composition of portfolios

Lastly, by holding BLUES, holders get to be a part of a community pushing the boundaries of DeFi 2.0!

Traders, Liquidity Providers, and BLUES holders

In addition to an enhanced user experience, superior financial security, and financial efficiency, users can also benefit from an unprecedented financial upside. The so-called “unprecedented APR” is comprised of the following elements:

• Portfolio APR—related to the growing market value of portfolios and the users` shares
• DEX APR—related to trading fees that can be gained
• Farm APRs—related to gains from the users` contributions to farming and yield pools
• External protocol APRs—related to revenues gained from supplying liquidity to partner protocols, for example through lending

The BLUES token and Tokenomics

The BLUES token is at the core of Blueshift’s ecosystem governance and holders of the token will be able to play an active role in the governance. BLUES token holders can vote on both the selection of portfolio managers and the token composition of portfolios.

BLUES token holders can also benefit from staking opportunities, providing an APR of up to 75% in the form of BLUES tokens that are provided as staking rewards. In total, 45% of BLUES token supply has been allocated for staking rewards.

Blueshift uses an inflationary model with a hard limit of 100M tokens. Tokens are minted every block with a monthly decrease in block rewards. Minting is initially controlled by Blueshift’s team, whilst in the near future—minting speed and other tokenomics parameters will be exclusively controlled by the Blueshift community through DAO mechanisms.

The minting speed will start from ~0.06 BLUES per second and then decrease with a monthly factor of 0.96. On the other hand, the burning process is facilitated by exchanging the accumulated protocol fee for Blueshift tokens on surplus auctions.

Individuals interested to be one of the first to acquire the BLUES tokens—can do so via Blueshift’s IDO which will be held on the Cardano-centric launchpad OccamRazer. After the IDO, the only way to acquire the BLUES tokens will be on the secondary market—approximately two days after the IDO pool is opened.

Roadmap

For Q1 of 2022, it is planned to deploy the protocol on Milkomeda Testnet and Cardano testnet, launch the BLUES token via an IDO on OccamRazer, perform the deployment of the Blueshift protocol on Milkomeda and bridge the BLUES tokens to the Ethereum blockchain.

The initial deployment of the platform in the first Quarter of 2022 will include Liquidity portfolios, Single-sided liquidity provision, Virtual pairs, Blueshift Reserve Model implementation, farms and yield pools.

On the other hand, Arbitrum integration, decentralised portfolio management system, advanced trading and liquidity analytics, DAO and multichain protocol are planned to be deployed or integrated in the later part of the year 2022.

If you want to find out more about the project, we suggest reading educational articles about the Blueshift technology or studying the Blueshift deck.

ORLANDO, Fla., Oct. 28, 2021 (GLOBE NEWSWIRE) — Solodev, the launchpad for building and deploying custom cloud experiences, announced today that it now supports Cardano and Ethereum – two of the world’s leading public blockchains – in its Solodev Cloud. Both platforms will enable developers and organizations to build applications that integrate with their existing stack of Solodev services and create new apps that utilize the managed blockchains for a wide range of uses.

In addition to these capabilities, Solodev Cloud customers with a Marketplace storefront will also be able to accept crypto payments for their cloud applications via Cardano Ada or Ethereum Ether (ETH), providing an entirely new option for e-Commerce transactions. Crypto payments will now join Solodev’s existing bench of commerce providers, which include Authorize.net (a Visa solution), Recurly, Paypal, Stripe, and Square.

Cryptocurrency is experiencing astronomical growth, with Forbes estimating its current market cap at over $1 trillion. As the field continues to disrupt traditional financial models, many companies are investing heavily in blockchain and crypto – anticipating its longevity as a trusted, regulated digital currency. However, many crypto strategies fail due to a lack of market utility. For crypto to be successful, users need to integrate blockchain technologies into their applications and demonstrate value on a foundational level.

To overcome these challenges, Solodev now offers managed blockchain solutions inside a complete ecosystem for building custom cloud apps. With Cardano and Ethereum, developers will have access to the most flexible blockchain technologies for building a range of solutions with real market utility, including multi-asset ledgers, verifiable smart contracts, rewards programs, payment processing solutions, chain of origin transparency, and more. Developers will also be able to launch DeFi (decentralized finance) blockchain applications in the Solodev Cloud, including crypto and NFT (non-fungible token) exchanges.

Solodev makes the Cardano and Ethereum app development process simpler, faster, and more secure by eliminating the setup of blockchain services – and deploying on AWS. Solodev Cloud will provide a one-stop shop for integrating blockchain solutions and launching apps that can be securely scaled on the world’s leading public cloud provider.

“Blockchain and crytpo are no longer intangible concepts. They represent the next wave of digital transformation, and the change will be felt across every industry,” said Matt Garrepy, Chief Digital Officer at Solodev. “By offering Cardano and Ethereum, we’re giving our customers the tools to successfully build with blockchain, accept crypto payments at scale – and own the future.”

While Ethereum is the #2 blockchain behind Bitcoin, Cardano has experienced significant gains since its release in 2017 and is now considered one of the top platforms for growth potential. Unlike Bitcoin’s stored value model, Cardano provides greater security and scalability through its Proof-of-Stake (PoS) protocol, allowing its algorithm to validate transactions and create blocks with less compute power – rendering their blockchain more “eco-friendly” and allowing transactions to be validated faster and cheaper. Cardano also provides a more affordable alternative to other leading blockchains, with significantly lower costs.

“We live in an internet world, and crypto is the new currency of that world,” said Shawn Moore, Chief Technology Officer at Solodev. “With Cardano and Ethereum now available in the Solodev Cloud, not only can our users transact with crypto payments, but they can build custom apps that truly leverage blockchain to its fullest potential. We’re helping our customers unlock real utility from these technologies by providing an end-to-end ecosystem of value.”

Solodev’s roadmap for blockchain and crypto begins with the introduction of Cardano and Ethereum but will feature additional blockchain platforms in the coming months. They will also offer a range of “concept to coin” services for launching custom token strategies, including generating and minting coins, connecting bank accounts, distributing keys, consulting with users on their pre-sale and initial token offerings (ITO), and more.

For additional details, contact Solodev today.

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About Solodev 
Solodev is the internet’s largest ecosystem of cloud and digital marketing services – from containers to crypto, content management to AI. With Solodev, developers and organizations can build and launch amazing customer experiences, power omnichannel strategies across the IoT, deploy custom cloud and blockchain apps, and collaborate on digital transformation. Solodev also provides consulting, training, managed services, and 24/7 human support to help users succeed on their cloud journey. An Amazon Web Services (AWS) Advanced Technology Partner, Solodev has achieved rigorous competencies in Government, Education, Digital Customer Experience (DCX), and Public Safety & Disaster Response. Solodev products – including CMS, Kubernetes, and Personalize – can be purchased on-demand in the AWS Marketplace, through State and Federal contract vehicles, or online at www.solodev.com 

For media inquiries: 
Matt Garrepy 
press@solodev.com