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Home All Events - Ape O'Clock Blueberry Bloom TBY Launch

Date

Aug 15 2023
Expired!

TimeUTC

7:00 am

Your Time

  • Timezone: America/New_York
  • Date: Aug 15 2023
  • Time: 3:00 am

Status

Active

Blueberry Bloom TBY Launch

Term bound yield protocol on Etherem.

DETAILS
  • TBY’s are minted 1 or 2x per month as follows:
    • Commitment matching: 3 days
      • Borrowers commit collateral & specify how much they would like to borrow
      • Lenders can commit USDC to lend to the borrowers
      • Bloom matches borrowers and lenders 1:1, any oversupply is refunded
    • Orders filled: 2 days
      • Borrowers purchase RWAs via the contract
    • Redemption: any time after 180 days
  • Interest is set at 1% below US “Federal Funds Rate”
  • $6M cap on the first mint
  • TBYs can be transfered on-chain, traded if users create liquidity, etc.
Links & Resources
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Blockchain

ETH

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