May 3 (Cointime) - NFT aggregation platform Blur.io has made an announcement on social media stating that it does not charge any fees when asked about how they make profits. BLUR token holders can also change key parameters of the marketplace and lending protocol, including fee parameters, after a 180-day period.
Blur does not charge any fees. BLUR holders can change key parameters of the marketplace and lending protocol after 180 days, including fee parameters.
— Blur (@blur_io) May 2, 2023
This applies to both its marketplace and lending protocol services, with Blur Marketplace and Blur Lending (Blend) offering 0% fees for traders and borrowers/lenders, respectively. However, borrowers will still have to pay loan interest based on the lender's quote, with the entirety of this interest going to the lender.
PSA
— Blur (@blur_io) May 2, 2023
Blur fees by protocol:
Blur Marketplace: 0% fees for traders
Blur Lending (Blend): 0% fees for borrowers and lenders
Note that borrowers still pay interest on loans based on what lenders offer. 100% of that goes to the lender.
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