blbAUSD
Blueberry's AUSD lending vault on Monad.
blbAUSD is Blueberry's AUSD lending vault on Monad. Deposit AUSD to receive blbAUSD shares. Lending income and rewards are reflected in the amount of AUSD represented by those shares.
| Detail | Value |
|---|---|
| Network | Monad |
| Deposit and withdrawal asset | AUSD |
| Minimum deposit in the app | 10 AUSD |
| Gas token | MON |
| Strategy | Curvance AUSD Optimizer |
How it earns yield
The vault deposits AUSD into a Curvance AUSD Optimizer strategy currently. The strategy spreads it across approved Curvance lending markets and constantly reallocates for the best risk-adjusted yield. More markets can be added as Curvance lists them.
Yield comes from two sources:
- Interest paid by borrowers in those markets.
- Reward tokens earned in those markets, which the strategy claims and automatically compounds back into the vault.
Earnings are added to the share price gradually, so it appreciates smoothly over time.
Fees
The vault charges a 10% performance fee on profits and no management fee. The vault has no deposit or withdraw fees.
Withdrawals and risks
Select Withdraw and enter the number of blbAUSD shares to redeem for AUSD. Withdrawals are paid out of the vault's lending positions, so the amount available at once depends on liquidity in the underlying markets.
The main risks include changes in AUSD's value, bad debt while lending, smart contract risk, limited withdrawal liquidity, and changes to lending rates and reward programs; rewards vary and can end. The value of your shares can decrease.