BlueberryPrice

(BLB)

The incident was caused by a faulty oracle deployment with incorrect decimal handling, which allowed for the unauthorized withdrawal of assets from specific lending markets. Following the event, the team successfully recovered a large portion of the funds via a white-hat intervention and utilized the DAO treasury to cover the remaining balance. Ultimately, 100% of affected users were made whole. Since then, the protocol has integrated advanced security measures and real-time monitoring to protect the community.

Since the 2024 exploit, Blueberry has undergone a comprehensive security overhaul. The team completed multiple successful audits with reputable firms, including Spearbit, 0x52, and Cuthalion0x. Additionally, they have partnered with Hypernative for real-time monitoring to detect and mitigate threats as they happen. These steps, combined with a commitment to transparency and user compensation, are designed to ensure the protocol remains a secure environment for decentralized lending and leveraged yield farming.

Blueberry 2.0 represents the project's rebranding and transition to the Hyperliquid ecosystem, positioning itself as the 'Hyperliquid DeFi Terminal.' The migration from Ethereum to Hyperliquid was driven by the need for a high-speed, low-cost execution environment. This allows users to engage in complex leveraged strategies more efficiently. By leveraging Hyperliquid’s infrastructure, Blueberry can offer a more scalable and responsive platform for its prime brokerage services and decentralized finance products.

BLB is the primary liquid governance token used for voting on protocol parameters and accessing ecosystem features. In contrast, bdBLB (Blueberry Deposit BLB) is a vested version of the token typically earned through incentives like the Lockdrop. While BLB is tradable on exchanges, bdBLB usually requires a one-year vesting period to be converted into liquid BLB. Holding these tokens grants utility such as fee sharing and the ability to unlock higher leverage tiers within the protocol.

The Lockdrop is a specialized liquidity mining program designed to distribute the initial token supply to early supporters. Instead of a traditional airdrop, users earn rewards by lending assets like ETH or USDC to the protocol for a fixed duration. In return, participants receive bdBLB tokens. This mechanism encourages long-term commitment to the protocol and helps build stable liquidity on the new network, aligning the interests of the users with the long-term growth of the Blueberry ecosystem.

BLB tokens can be acquired through various leading trading platforms and decentralized exchanges. As the protocol expands its presence on the Hyperliquid network, users are encouraged to stay updated on new exchange listings. To add BLB to a wallet like MetaMask, users should use the official Ethereum contract address: 0x904f36d74bed2ef2729eaa1c7a5b70dea2966a02. It is critical to verify the network and address before initiating any transactions to ensure the security of your assets.