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BLUR: Powering The Future of NFTs
BLUR: Powering The Future of NFTs
BLUR is a token associated with the Blur Marketplace, a decentralized protocol used to buy and sell NFTs on the Ethereum blockchain. It is one of several tokens currently held within the Index Coop’s Metaverse Index (MVI).
7/4/2023
Index Coop
Content
BLUR is an ERC-20 token that was launched in 2023 and is associated with the Blur NFT marketing, a low-fee, royalties-optional place to buy and sell NFTs. The BLUR token gives the community control over the DAO and allows the community to actively participate in governance.
What is BLUR?
BLUR is the native token of the Blur Foundation, a platform that aims to facilitate community-led governance and participation in their DAO.
The Blur Foundation assists contributors with the development and growth of the Blur ecosystem, which includes the Blur marketplace, aggregators, and the lending protocol known as Blend.
BLUR Governance and Tokenomics
The maximum supply of BLUR is 3 billion tokens. Twelve percent of that supply is allocated to airdrop holders, with another 78 percent delegated to two lock-up contracts and nine percent owned by a multi-sig wallet controlled by the Blur team.
The initial 4 to 5-year allocation is as follows:
51% to Blur community members
29% to past and future core contributors with a 4-year vesting
19% to investors with a 4-year vesting
1% to advisors with 4 to 5-year vesting
Why is BLUR included in MVI?
The objective of MVI is to reflect the trend of Metaverse and Gaming activities in virtual economies powered by blockchain technology and NFTs, replacing the previous objective of capturing entertainment, social activities, and businesses in virtual economies powered by blockchain technology and NFTs. BLUR helps run the Blur NFT marketplace, aggregators, and lending protocol known as Blend and meets all the inclusion criteria.
How can I gain exposure to BLUR?
You can gain exposure to BLUR by buying MVI tokens on various cryptocurrency exchanges. You can buy MVI directly from the Index Coop by connecting your wallet to the Index Coop app
If you’re looking to exchange a fiat currency, like the U.S. dollar, directly for MVI, then you’ll want an Ethereum wallet like Argent, Metamask, or Rainbow. With each of these wallets, you can connect to your bank account or debit card, which allows you to exchange fiat currencies directly for Index Coop products like MVI.
What is MVI?
The Metaverse Index (MVI) is designed to capture the trend of entertainment, social activity, and business moving to take place in virtual economies powered by NFTs and blockchain technology. The MVI uses a combination of the square root of market cap and DEX liquidity to arrive at the final index weights.
As a bundled crypto asset, you effectively own all of the underlying tokens. You can redeem your units of MVI for the underlying tokens, a feature of traditional structured products that are typically reserved for large institutional investors.
About Index Coop
Index Coop is a decentralized autonomous organization (DAO) that powers structured decentralized finance (DeFi) products and strategy tokens using smart contracts on the blockchain. We offer a suite of sector-structured products, leverage and inverse products, and yield-generating products. We aim to create products that are simple to use, accessible to everyone, and secure.
Our products are built on Index Protocol, a good-faith fork of Set Protocol v2 that allows for the creation and management of Ethereum-based (or ERC-20) tokens. Among users, partner protocols, and our composable products, Index Coop maintains one of the largest partnership networks in the DeFi ecosystem.
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Index Coop yield tokens simplify earning yield in DeFi by automating complex strategies and diversifying across protocols. They are user-friendly and cost-efficient, appealing to both new and seasoned DeFi users.
Leverage tokens automate a leveraged position by utilizing onchain money markets like Aave or Morpho to borrow funds, amplifying a user's exposure to an asset without requiring manual management. The token's smart contracts autonomously handle the borrowing, lending, and rebalancing of assets, maintaining a consistent leverage ratio despite market fluctuations. This automation eliminates the complexities of collateral management and liquidation risks, while also charging low, transparent fees that avoid expensive funding rates often charged by perps.
Index Coop is a decentralized autonomous organization (DAO) that specializes in creating and maintaining onchain structured products. Index Coop aims to democratize access to the crypto market, empowering everyone to participate in the growing digital asset ecosystem with ease.
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INDEX is the ERC-20 governance token on Ethereum for Index Coop. INDEX empowers its holders to participate in decision-making processes that shape the future of Index Coop.
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