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Bluefin

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Decentralized perpetual contract protocol

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Project Overview

Bluefin (formerly Firefly, dTrade) is a decentralized perpetual contract agreement that supports users to trade perpetual contracts anytime, anywhere with a leverage ratio of up to 20 times. Its sub-product AlphaLend is a decentralized, non-custodial lending protocol based on SUI blockchain.

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Coinbase Adds BLUE CHIP and Ritual to Listing Roadmap

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Bluefin Completes Acquisition of Suilend; Zabi to Serve as Suilend’s CEO

Bluefin announced the completion of its acquisition of Suilend, with Bluefin’s founder Zabi assuming the role of CEO at Suilend to drive its next phase of growth. According to the announcement, Suilend will continue operating as an independent platform, retaining its brand identity, community, and product roadmap; Bluefin will likewise maintain its independent development path, and no product integration between the two entities is planned.

SUI Group Expands Strategic Partnership with Bluefin, Adding 4 Million SUI Loan to Support DeFi Ecosystem

Odaily Planet Daily reported that NASDAQ-listed SUI Group Holdings Limited announced the expansion of its strategic lending partnership with Bluefin, a decentralized exchange on the Sui ecosystem. According to the revised digital currency loan agreement, SUI Group will lend an additional 4 million SUI to Bluefin, bringing the total loan size to 6 million SUI. At the same time, the company has increased the revenue sharing ratio from the original 5% to 11%, payable in SUI. The new funds will be used to support Bluefin's participation in the financing transaction for Bluewater's acquisition of Suilend, the latter being the largest lending and DeFi platform on the Sui blockchain. (Businesswire)