Blizz is a decentralized non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion.

Utility: staking and locking

50% of the revenue generated through borrowing is distributed directly to users who stake BLZZ. Both lenders and borrowers receive BLZZ rewards to incentivize protocol use.

BLZZ liquidity mining employs a mechanism first introduced by Ellipsis Finance on BSC. Rewards are vested for 3 months but may be claimed immediately for a 50% penalty. The penalty is then distributed to users who choose to lock BLZZ for 3 months. This mechanism ensures steady rewards for those who actively commit to the protocol by locking their tokens.

BLZZ stakers receive protocol fees, BLZZ lockers receive protocol fees as well as exit penalties from users who exit their vests early.