StakeUp

Overview

StakeUp Protocol, developed by the Blueberry Foundation, is a composability layer built on top of Circle's USDC and Bloom Protocol's Bloom-v2 , creating an automated lending vault for USDC and TBYs. This allows permissionless lenders(1) to loan USDC to permissioned borrowers within the Bloom system, who can only use these loans to purchase tokenized 'tracker certificates' replicating the price movements of US Treasury Bills. This closed-loop system aims to address the challenge of accessing yield from US Treasury bills.

Additionally, RWAs in DeFi face integration and utility issues due to KYC-mandated procedures and non-KYC nature across the majority of DeFi protocols. StakeUp Protocol's product structure offers significant commercial reach, enabling it to be offered as a stable asset (stUSDC), a fixed-income product or a low-risk savings account in various emerging market regions with currency instability, providing stable yields and currency hedging in an easy-to-use product backed up by the most liquid market in tradFi.

(1) Restricted geolocation are unable to participate