Bluejay is a new DeFi project, built on Polygon, that creates an infrastructure for high mobility global currencies that you can move, save & control. We do it by providing a platform for creating stablecoins that are soft-pegged to global currencies and are backed by collateralized debt positions.
Our mission is to solve the ways in which money is broken today. Around the world, volatility of currency, expensive and inconvenient remittances, and cash liquidity problems have made it difficult for everyday people to spend, save, and earn money.
Stablecoins minted through the Bluejay Protocol allow users to get never-before access to the global financial institutions and the local economy. Benefits for users including:
Just like MakerDAO, the Bluejay Protocol uses a collateralized debt position (CDPs) to create an elastic supply of stablecoins soft-pegged to sovereign currencies that are programmable, decentralized, and fully backed by collaterals.