Lending · Review
Blueberryfarms Review 2026: Ethereum lending risks
Blueberry Protocol was an Ethereum lending market with leveraged DeFi strategies. Lending was paused after a 2024 contract incident, and its current status is unclear.
By the DappsAtlas editorial team · Updated
DappsAtlas score
3.0/10
Weak
Our verdict on Blueberryfarms
3.0/10Blueberry Protocol was an Ethereum lending market that also offered leveraged DeFi strategies. Its main appeal was combining lending and leveraged exposure, but the 2024 contract incident is a serious caveat: lending was paused and users were urged to withdraw funds. The project’s current status, fees, supported markets and audit details are unclear. Users considering it should first confirm that the protocol is operating and verify its contracts; this is not a suitable choice for anyone unable to assess substantial smart-contract and leverage risk.
Score breakdown
How Blueberryfarms scores
- Security
- 2.0/10
- Ease of use
- n/a
- Fees
- n/a
- Features
- 3.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Blueberryfarms?
Blueberry Protocol is described as a decentralized lending market on Ethereum, with leveraged DeFi strategies as part of its offering. The exact markets, supported assets and leverage parameters are not established.
In February 2024, reports said Blueberry paused lending after an exploit-related contract issue and urged users to withdraw funds. A report identified improper decimal handling in a lending contract; another said a larger loss was narrowly avoided. Blueberry’s current status is unclear.
How Blueberryfarms works
Blueberry is described as an Ethereum-based decentralized lending market. In a typical lending market, users supply assets to a pool so others can borrow them; borrowers generally provide collateral, and the protocol uses contract rules to manage borrowing and repayment. Blueberry’s specific supported assets, collateral ratios and rates are not established.
The protocol also offered leveraged DeFi strategies. Leverage increases exposure by borrowing against collateral, which can magnify both gains and losses and may lead to liquidation if collateral value falls. Blueberry paused lending after a contract issue in February 2024, so its present availability should be verified before any interaction.
3 features
Key features
01
Ethereum lending
Blueberry is described as a decentralized lending market deployed on Ethereum. Current market availability is unclear.
02
Leveraged strategies
The protocol was also presented as a way to access leveraged DeFi strategies. Specific leverage limits and supported strategies are not established.
03
Incident pause
Lending was paused following an exploit-related incident in February 2024. The protocol’s current status is unclear.
Pros and cons
What we like
- The protocol’s stated focus combined Ethereum lending with leveraged DeFi strategies.
- The 2024 incident prompted a pause and a warning for users to withdraw funds.
Watch out for
- Blueberry paused lending after a 2024 exploit-related incident; its current operating status is unclear.
- A decimal-handling bug was reported in a lending contract, raising direct concerns about contract safety.
- Fees, supported assets, collateral requirements and leverage limits are not published here.
- The team, licensing status and audit details are not established.
Blueberryfarms fees
Blueberry’s fees are not published. If the protocol is operating, check the app’s transaction details and market terms before supplying or borrowing assets; blockchain transaction fees also apply.
Is Blueberryfarms safe?
A 2024 report described a lending-contract bug involving improper decimal handling, after which Blueberry paused lending. Another report said a larger loss was narrowly avoided. This incident is a material smart-contract risk, especially for a protocol offering leverage. Blueberry’s audit status, custody details, team and regulatory status are not established, and its current operating status is unclear. DeFi lending and leverage can result in losses, including liquidation; do not interact unless you have verified the app and contracts. This is not a gambling service.
5 steps
How to get started with Blueberryfarms
- 1
Confirm that Blueberry’s official app and lending markets are currently operating.
- 2
Check that the app and contract addresses are official before connecting a wallet.
- 3
Review the available markets, collateral rules, borrowing terms and fees.
- 4
Assess the risks of lending and leverage, including the reported contract incident.
- 5
If you proceed, connect a wallet and inspect each transaction before signing.
Who Blueberryfarms is for
Blueberry may interest experienced DeFi users researching Ethereum lending and leverage protocols. Given the reported contract incident and unclear current status, it is not a good fit for users seeking a clearly active, well-documented lending service.
Blueberryfarms FAQs
What is Blueberry Protocol?
Blueberry Protocol is described as a decentralized lending market on Ethereum. It also offered leveraged DeFi strategies, though current product availability is unclear.
Which blockchain does Blueberry use?
Blueberry was built on Ethereum. The project’s current supported assets and available markets are not established.
Is Blueberry Protocol still active?
Blueberry paused lending after an exploit-related issue in February 2024. Its current operating status is unclear, so check whether the protocol is active before considering any interaction.
Was Blueberry Protocol exploited?
A 2024 report described a bug involving decimal handling in a lending contract. The incident led to a pause and warnings for users to withdraw funds; a separate report said a larger loss was narrowly avoided.
What fees does Blueberry charge?
Blueberry’s fees, collateral requirements and leverage limits are not published here. Review any transaction terms in the app before signing, if the app is operating.
Compare
Blueberryfarms alternatives
Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults.
Aave V3 is a non-custodial DeFi lending protocol on 21 chains where users earn interest on deposits or borrow against collateral.
Dolomite is a multi-chain DeFi money market for lending, borrowing and leveraged strategies across 1,000+ assets, with its own DOLO token.
Compound V3 is a lending protocol on Ethereum and nine other chains where users supply a base asset for yield or borrow it against collateral.
SparkLend is a stablecoin lending market on Ethereum and Gnosis with governance-set rates, backed by Sky's Liquidity Layer, for borrowers and savers.
Venus Core Pool is a multi-chain DeFi money market where users supply crypto to earn interest or borrow against collateral, with about $1.18B in TVL.
Same category
More Lending dApps
Euler V2 is a modular DeFi lending protocol for lenders, borrowers and market curators, with about $268M TVL across 16 chains.
Morpho is a decentralized lending protocol with isolated markets, curated vaults and fixed-rate loans for crypto lenders, borrowers and developers.
Kamino Finance is a Solana DeFi protocol offering lending, automated liquidity vaults and leverage tools for users seeking on-chain yield.
Aave V4 is a modular, non-custodial lending protocol using a hub-and-spoke design, for users who want to earn on or borrow against crypto.
Kamino is a Solana DeFi protocol with a lending market, automated concentrated liquidity vaults and an intents-based swap, for yield-seeking on-chain users.
Benqi is an Avalanche DeFi platform offering lending, borrowing, sAVAX liquid staking and low-barrier validator access, governed by the QI token.
Same chain
More on Ethereum
Lido is a liquid staking protocol where users stake ETH and receive stETH, a reward-earning token usable across DeFi, governed by LDO holders.
Uniswap V4 is the latest Uniswap DEX version with hooks and concentrated liquidity, running on 22 chains for self-custody token swaps and liquidity provision.
Uniswap V3 is a non-custodial decentralized exchange protocol for token swaps and concentrated liquidity provision across 40+ chains.
DeFi Saver is a non-custodial tool for managing and automating leveraged lending positions across major DeFi protocols on Ethereum and layer-2 networks.
OKX is a major centralized crypto exchange for spot and derivatives trading, earn products and a Web3 wallet, with its own OKB token.
LayerZero V2 is a cross-chain messaging protocol and bridge infrastructure for developers and asset issuers, connecting dozens of blockchains.
How we checked
Sources
No public sources were recorded for this review.
Last updated . Spotted an error? Tell us and we will correct it.