Blueshift, incubated by Occam.fi, to launch its innovative AMM protocol on OccamRazer
Blueshift, backed by Shima Capital and incubated by Occam.fi, will push the boundaries of decentralized finance (DeFi) 2.0 by introducing a highly innovative automated market maker (AMM) protocol via the OccamRazer launchpad. The new Cardano based (DEX) offering and token release is expected to launch in Q2 2022.
Blueshift’s DeFi paradigm shift is manifested through several innovations such as a reinvented AMM protocol, single-sided token liquidity, virtual pairs, liquidity portfolios, internal pricing oracles, decentralized autonomous organization-based portfolio management and more. With these innovations, Blueshift goes beyond solutions established on centralized, limited portfolios and smart order routers.
The project also boasts a successful $3M seed-capital funding round led by Shima Capital, a strategic partner of Blueshift.
The key to deploying this innovative technology on Cardano is the Milkomeda layer-2 protocol. Milkomeda’s team, in partnership with Blueshift, is developing a solution that enables Ethereum Virtual Machine (EVM) compatibility and the long-awaited DeFi app usability function on Cardano, allowing Blueshift to tap into the liquidity of Cardano immediately.
To ensure delivery, Blueshift has partnered with OccamRazer. This partnership goes beyond a simple collaboration, as both teams strive to deliver the next big thing in crypto and Blueshift is now officially a project incubated by the Occam.fi team.
To participate in the Blueshift ecosystem and utilize Blueshift technology, individuals can acquire BLUES tokens via the IDO on the OccamRazer launchpad. Owning BLUES will provide token holders with significant staking annual percentage yields and the ability to participate in the governance of the Blueshift ecosystem.
“We are pleased to officially announce our partnership with Blueshift and are excited for their upcoming IDO on OccamRazer. We believe this is going to be one of the most prominent Cardano projects to watch this year, with big potential to go beyond the ecosystem and establish itself as a leading DeFi solution.” — Adam, DAO member
About Blueshift
Blueshift introduces a user-friendly, community-driven, and highly capital-efficient DeFi 2.0 solution neither limited to chains nor sharing the issue of high gas fees. Blueshift’s ambition is to revolutionize the way users engage with the decentralized crypto market while unlocking the potential of a sleeping giant. Cardano’s community and immense available liquidity is the foundation for Blueshift’s highly innovative AMM protocol, which pushes the DeFi frontier beyond the Cardano ecosystem.
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