Bluefin β Yield Guide
Updated: Β· Data Window: 24h / 7d / 30d (varies by metric availability)
1. Fee Structure & Revenue Sharing β β β β β
Bluefin's fee structure is competitive, with a protocol take rate of 36.3% and LP share of fees at 63.7%. The fees are distributed across various markets, with the highest fees generated from the SUI and USDC markets. Over the past 30 days, the protocol has generated $346.1K in fees, with an average daily revenue of $11.5K.
2. Liquidity Provision Opportunities β β β β β
Bluefin offers various liquidity provision opportunities across different markets, with the top pools ranked by risk-adjusted return being:
| Pool | Chain | APY | Base APY | Reward APY | TVL | Stablecoin | 30d Avg APY |
|---|---|---|---|---|---|---|---|
| SUI-USDC | SUI | 9.52% | 5.58% | 3.94% | $5.58M | USDC | 9.52% |
| SUI-WAL | SUI | 8.71% | 5.29% | 3.42% | $530.41K | WAL | 8.71% |
| USDC-USDT | USDC | 7.27% | 5.01% | 2.26% | $2.37M | USDT | 7.27% |
| SUI-DEEP | SUI | 6.63% | 4.35% | 2.28% | $236.03K | DEEP | 6.63% |
| xBTC-USDC | xBTC | 5.70% | 3.59% | 2.11% | $908.10K | USDC | 5.70% |
Strategy notes: Conservative LPs may prefer the SUI-USDC pool, while aggressive LPs may opt for the xBTC-USDC pool.
3. Staking & Passive Income β β β β β
Bluefin offers staking opportunities for various tokens, including SUI, USDC, and xBTC. The APYs range from 4.35% to 9.52%, with the highest yield available for the SUI token. However, there is no auto-compounding feature available, and the staking process requires manual intervention.
4. Incentive Programs & Rewards β β β β β
Bluefin offers various incentive programs, including liquidity mining and trading fee rebates. The protocol also has a points system in place, which rewards users for participating in various activities, such as lending and borrowing. However, the details of these programs are not clearly outlined, and the rewards structure is not transparent.
5. Practical Earning Strategies β β β β β
Here are three practical earning strategies for different user profiles: π‘οΈ Conservative (capital preservation focus): Stake SUI tokens for a stable 4.35% APY or provide liquidity to the SUI-USDC pool for a 9.52% APY. βοΈ Balanced (moderate risk/reward): Participate in liquidity mining programs for various tokens, such as SUI and USDC, and earn trading fee rebates. π₯ Aggressive (max yield focus): Provide liquidity to the xBTC-USDC pool for a 5.70% APY or participate in leveraged lending and borrowing activities.
6. Security & Audit Status β β β β β
Bluefin has not undergone a thorough security audit, and there is no information available on its audit history or bug bounty program. The protocol's smart contract code is not publicly available, and there is no information on its multi-sig/timelock governance safeguards.
7. Overall Earning Potential β β β β β 3.0
Bluefin offers a range of earning opportunities through liquidity provision, staking, and incentive programs. However, its security audit status and unique mechanisms are areas for improvement. Top 3 strengths: competitive fee structure, diverse liquidity provision opportunities, and incentivized programs. Top 3 weaknesses: lack of security audits, unclear rewards structure, and limited staking options.
| User Type | Best Strategy | Expected APY Range | Risk Level |
|---|---|---|---|
| Conservative | Stake SUI tokens | 4.35% | Low |
| Balanced | Participate in liquidity mining | 5-10% | Medium |
| Aggressive | Provide liquidity to xBTC-USDC pool | 5.70% | High |