Blizz Token
50% of the revenue generated through borrowing is distributed directly to users who stake BLZZ. Both lenders and borrowers receive BLZZ rewards to incentivize protocol use.
BLZZ liquidity mining employs a mechanism first introduced by Ellipsis Finance on BSC. Rewards are vested for 3 months, but may be claimed immediately for a 50% penalty. The penalty is then distributed to users who choose to lock BLZZ for 3 months. This mechanism ensures steady rewards for those who actively commit to the protocol by locking their tokens.
BLZZ stakers receive protocol fees, BLZZ lockers receive protocol fees as well as exit penalties from users who exit their vests early.
BLZZ has a total supply of 1,000,000,000.
- 50% given as incentives for lenders and borrowers, released over a period of five years
- 20% given as incentives for BLZZ/AVAX on TraderJoe liquidity providers, released over a period of five years
- 10% allocated for airdrops and incentives to related DeFi communities, happening over a minimum of one year (including Curve gauge bribes and the initial GEIST airdrop)
- 15% to the team, released linearly over one year
- 5% treasury
For the technically minded, the exact monthly emission rate is calculated as:
58,300,000 / 1.0904 ** n
where n is the number of months since launch. Emissions are split 66/33 between lending/borrowing and “pool 2”.
Last modified 1yr ago