March 8 — As Blueshift inches toward its initial decentralized exchange (DEX) offering and token release, a new partnership will cement the project’s status as more than just a contender to existing Cardano DEXes.
Blueshift, a new crypto powerhouse, will push the boundaries of decentralized finance (DeFi) 2.0 by introducing a highly innovative automated market maker (AMM) protocol. Recognizing this opportunity, Shima Capital not only engaged in a strategic partnership with Blueshift but also took the lead in a successful $3M seed-capital funding round. Together, Blueshift and Shima Capital will drive the paradigm shift toward DeFi 2.0 for Cardano and beyond.
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.
This brand-new AMM protocol creates benefits previously unseen in the crypto space. Traders, liquidity providers and arbitrageurs benefit from truly decentralized, community-driven portfolios, significantly reduced impermanent losses, zero fees for arbitrage operations and higher annual percentage rates at lower risk. Combined, these innovations signify a revolution for the broader ecosystem and individual users alike.
This revolutionary approach has been summarized by one of Blueshift’s investors: “The Blueshift liquidity portfolios are like ETF’s for cryptocurrencies, but with additional DeFi revenues.”
The project also holds significance beyond the Cardano ecosystem — the target of its initial deployment. Blueshift aims to broadly revolutionize DeFi and create an ecosystem not limited to specific layer-1 blockchain platforms.
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 compatibility and the long-awaited DeFi app usability function on Cardano, allowing Blueshift to tap into the liquidity of Cardano immediately. By utilizing and partnering with Milkomeda, endless opportunities for innovation are open to the Blueshift team.
Blueshift is set to deliver on its promises that include building a boundless crypto capital management, and a liquidity-provision ecosystem that will supercharge all crypto users’ capabilities and opportunities.
To ensure delivery, It has partnered with OccamRazer — the premiere Cardano-centric launchpad led by a veteran team. This partnership goes beyond a simple collaboration, however, as both teams strive to deliver the next big thing in crypto. 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 initial DEX offering (IDO) on the OccamRazer launchpad.
Afterward, the only way to acquire BLUES tokens will be via the secondary market. Initially, BLUES will be listed on a single centralized exchange after the conclusion of the IDO pool on OccamRazer. In the future, BLUES will also be added to other CEXes and DEXes.
Users can also use the innovative Blueshift liquidity-management platform without owning BLUES tokens. However, owning BLUES will provide tokenholders with significant staking annual percentage yields and the ability to participate in the governance of the Blueshift ecosystem.
All collaborating teams, bonded together with a vision of an egalitarian and beneficial crypto ecosystem, have set their sights high and proven they can deliver. It is only a matter of time before DeFi 2.0 manifests right before our eyes.
About Shima Capital
Shima Capital is a leading early-stage venture capital (VC) firm investing in disruptive blockchain companies. Shima is backed by Dragonfly Capital, Digital Currency Group, Galaxy Digital and others including Huobi, Bybit and Celsius. Shima Capital works closely with its founders to hire talent, build the community, fundraise and amplify its narratives. Shima also prides itself on its strong position in the VC community in San Francisco, Los Angeles, New York City and abroad in South Korea, China, Hong Kong, Singapore and more.
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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