Blizz is a decentralized, non-custodial liquidity market protocol that lets participants act as either depositors or borrowers. Depositors supply liquidity to the market and receive passive income, while borrowers can take loans using either an overcollateralized (perpetually) method or an undercollateralized (one-block liquidity) approach.

Utility: staking and locking

Half of the revenue created via borrowing is paid straight to users who stake BLZZ. To encourage active participation, both depositors and borrowers are rewarded with BLZZ.

BLZZ liquidity mining uses a model originally introduced by Ellipsis Finance on BSC. Rewards vest over 3 months, though they can be claimed right away with a 50% penalty. That penalty is then allocated to participants who lock BLZZ for 3 months, helping maintain consistent rewards for users who commit by locking their tokens.

BLZZ stakers collect protocol fees, and BLZZ lockers receive protocol fees plus exit penalties from users who withdraw their vests early.