# Blender Strategy There are many participants involved within the Coolwater Blender Strategy. See below for definitions: * Lead Strategist - The collateralized NFT lender who manages the lending Strategy that will be deployed on Blend. * Strategy - The pool of capital managed by the Lead Strategist, which Depositors can contribute ETH into. * Depositor - The individuals who loan (i.e., deposit) to a Lead Strategist's Strategy. * Coolwater - The Coolwater.xyz platform, developed and serviced by Thaw Digital, which securely custodies Depositors assets, tracks and manages performance, and processes and distributes withdrawals and returns ($BLUR) to Depositors. * Borrower - The wallet holder who owns an NFT and enters into a collateralized-loan agreement with the Lead Strategist's Strategy on Blend. * Farmer - Generic term for anyone who bids to purchase and/or bids to lend on Blur. * Lender - Generic term for anyone who originates loans on Blend --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.coolwater.xyz/blender-strategy.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.