Blur (BLUR) Price

BLUR is the ERC-20 governance token of the Blur ecosystem, used to govern key parameters of the Blur marketplace protocol and the Blend lending protocol. Its governance role is to allow token holders or delegated representatives to participate in decisions affecting how protocol value accrues and is distributed. Therefore, holding BLUR does not mean directly owning an NFT, automatically receiving protocol revenue, or being guaranteed any return. The governance influence the token can exert depends on whether voting power has been delegated, whether a proposal meets the rule requirements, and whether the proposal is ultimately approved and executed.

In Blur governance, voting power is proportional to the amount of BLUR a user holds personally or has delegated to that user. To use a balance for governance, the holder must delegate the token balance to an address; that address may be their own address or another representative's address. Delegation records which address exercises the corresponding voting power; it does not transfer ownership of the tokens or the token amount to the delegate address. Accordingly, self-delegation is suitable for voting independently, while delegation to a representative allows that representative to use the corresponding voting power; in either case, voting influence remains subject to the delegated amount and the rules of each governance stage.

Blur's governance process begins with discussion in the Research forum, with a minimum discussion period of 7 days; after feedback is incorporated, eligible matters may proceed to the Snapshot stage. Snapshot is a gas-free voting stage with a proposal threshold of 100,000 delegated BLUR, a voting delay of 2 days, and a voting period of 14 days. If Snapshot receives majority support among participating votes and affirmative votes reach at least 30 million BLUR, the proposal may proceed to an on-chain execution vote. An on-chain proposal requires 30 million delegated BLUR and voting lasts 14 days; after receiving majority support and at least 120 million BLUR in affirmative votes, any member may queue it for execution, which occurs after a 2-day execution delay. This layered process separates discussion, off-chain opinion voting, and actual on-chain changes.

The Blur DAO may decide matters related to protocol value accrual and distribution, including setting marketplace protocol fee rates under specified conditions, setting fees for lenders and borrowers in the lending protocol, and issuing treasury grants. Marketplace protocol fee rates have a cap under the official rules: after 180 days, they may be set at no more than 2.5%. The DAO may also set or adjust governance operating parameters on-chain, such as the governor timelock, timelock delay, quorum threshold, proposal threshold, voting period, and voting delay, and may cancel timelock execution. Governance authority over fees or parameters does not mean every change will occur; proposal, voting-threshold, and execution processes must still be followed.

3 billion BLUR were minted at genesis, and the official plan is for them to become available gradually over approximately 4 to 5 years. The initial allocation was: 51% to community members (1.53 billion), 29% to past and future core contributors (867,601,888), 19% to investors (565,633,826), and 1% to advisors (36,764,286). “Minted” means the total supply has been created; it does not mean all tokens can be transferred immediately or enter the market. Allocations to core contributors and launch partners vest on the same schedule and have an additional 4-month transfer cliff; advisor allocations vest over 48 to 60 months and have a 4- to 16-month cliff. Therefore, understanding available supply requires considering the recipients, vesting timing, and cliff periods together.

12% of the community allocation (360 million BLUR) can be claimed by designated historical NFT traders, historical Blur users who received Care Packages, and creators. The remaining community treasury portion may be used for contributor grants, community programs, and incentive programs; the official explanation states that 10% of the total supply, or 300 million BLUR, has been allocated to the incentive budget for the next incentive distribution. The community treasury is not released all at once: its linear vesting schedule is 468 million in year 1 (40%), 351 million in year 2 (30%), 234 million in year 3 (20%), and 117 million in year 4 (10%). Governance may determine further allocations, so the “community share” includes both specific claim arrangements and subsequent resources whose use is determined by the treasury and governance.

To identify BLUR, verify the token contract address listed officially: 0x5283d291dbcf85356a21ba090e6db59121208b44. A matching token name or symbol alone does not prove an asset is authentic; the address is an important identifier for distinguishing the specific contract. This token contract is different from the protocol's functional contracts. The official documentation separately lists the Blur Exchange Proxy, Blur Exchange V2 Proxy, Aggregator, Bid Pool, and Blend lending contracts; they respectively serve marketplace, aggregation, order-pool, or lending functions rather than representing additional BLUR tokens. Before operating, verify the contract appropriate to the function being used rather than treating every official contract as a token contract.

Blend is a lending protocol in the Blur ecosystem; BLUR's governance scope covers key parameters of that lending protocol. Its relationship with BLUR is a governance relationship, not that “holding BLUR automatically makes someone a Blend lender or borrower, or entitles them to lending returns.” For example, under specified conditions, Blur governance can set lending-protocol fees for lenders and borrowers. Actually using Blend still requires users to enter the relevant lending transactions and comply with that protocol's conditions; governance changes protocol-level rules or parameters and does not replace users' assessment of funding, collateral, or liquidation risks in specific transactions.