What is Bolide?
Bolide (BLID) is a decentralised finance (DeFi) yield aggregator designed to optimise the deployment of users' digital assets across multiple platforms. By providing a user-friendly interface and automated tools, Bolide simplifies DeFi processes, enabling secure and efficient access to yield farming and other DeFi opportunities.
How does Bolide work?
Bolide operates on Ethereum and BNB Smart Chain blockchains, leveraging smart contracts for vault management and yield optimisation strategies.
Key features include:
- Yield optimisation: Automated allocation of assets across various platforms to maximise returns.
- Multi-strategy vaults: Diversified investment strategies for enhanced efficiency.
- Bolide Wallet: A secure solution for storing and managing digital assets.
- Cross-chain deposits: Enables seamless movement of funds between blockchain networks.
The platform integrates with multiple DeFi protocols for liquidity provision and yield farming, ensuring diversified and efficient asset management.
What are the potential use cases for Bolide?
Applications:
- Yield farming and optimisation: Maximising returns on digital assets through automated strategies.
- Decentralised asset management: Simplifying complex DeFi operations for users.
- Cross-chain token swaps: Efficiently moving assets across different blockchain ecosystems.
- Liquidity provision: Supporting decentralised exchanges with asset liquidity.
- Staking: BLID token holders can earn additional rewards through staking.
Industries:
- Decentralised Finance (DeFi)
- Cryptocurrency investment
- Digital asset management
- Blockchain technology
Partnerships:
Bolide has partnered with several notable DeFi and blockchain projects, including:
- ApeSwap
- Chainlink
- Gelato
- Zerion
- Exodus
- XY Finance
- Celer
What is the history of Bolide?
Key Milestones:
- November 2021: Platform launch.
- December 2020: Deployment of the BLID token with 10 billion tokens minted on Ethereum.
- 2022: Security audit conducted by Hacken.
- 2023: Introduction of V2 vaults, known as "Multi-strategy Vaults," and expansion to the Polygon network.
- 2024 (planned): Expansion to Arbitrum and Optimism chains.
Updates:
- Launched cross-chain deposit functionality.
- Released the Bolide Wallet mobile application.
- Implemented new strategies for interacting with DeFi protocols.
- Continual expansion across blockchain networks.
Market Presence:
- Total supply: 9.89 billion BLID.
- Circulating supply: 2.11 billion BLID (self-reported).
- Total value locked (TVL): Over $6.5 million as of 2023.
Bolide aims to bridge the gap between traditional finance and DeFi, making cryptocurrency investment accessible, secure, and efficient for a wider audience.