B.Protocol (BPRO)
  • 16 Jul 2021
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B.Protocol (BPRO)

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Basic Info

Token: BPRO

Governance type: Compound Governor Bravo

Snapshot support: Primary voting tool https://snapshot.org/#/bpro.eth

Sector: Lending

Protocol Overview

B Protocol acts as an additional stabilization mechanism on top of existing defi lenders such as MakerDAO, Aave and Compound. Borrowers can give B Protocol liquidators priority access to close their position, and in exchange the users will earn a share of liquidation revenues. This incentivizes a backstop of committed capital for liquidations to help stabilize defi protocols, while also redirecting liquidation fees that would typically go to miners back to users. B Protocol also offers a specialized exchange mechanism (called the B AMM) to help liquidators automatically rebalance their capital.

Governance is primarily responsible for managing changes to the user score mechanism that allocates liquidator profits to borrowers. BPRO holders will also have control over treasury reserves and future token distribution.

Treasury

Treasury address: https://etherscan.io/address/0xcc09c04a9e3930343290184544f97669eff18a8d (controlled by multisig here: https://etherscan.io/address/0xf15abf59a957aea1d81fc77f2634a2f55dd3b280)

Links and Resources

Chat: https://discord.com/invite/bJ4guuw

Forum: https://forum.bprotocol.org/

Github: https://github.com/backstop-protocol

Website: https://www.bprotocol.org/

Twitter: https://twitter.com/bprotocoleth

Blog: https://medium.com/b-protocol

Documentation: n/a


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