【Blast】Ethereum L2 solution offering automatic yields devised by Blur founders / 4% interest rate on ETH and 5% on stable coins.
The airdrop campaign has started.
Good morning.
This is mitsui, a web3 researcher.
Today, I researched about "Blast".
"Table of Contents"
1、Outline｜What is Blast?
- Features
2、Transition｜Issues to be solved and background of establishment
- Decrease in assets due to depreciation
- High gas costs
- Birth of Blast
3、 Prospects｜Main net will be opened to the public in February 2024, airdrop campaign underway!
- Airdrop information
- Cooperation with Blur
4、Investigation｜What is Blur's next business strategy behind the announcement of Blast?
Overview｜What is Blast?
Blast" is an Ethereum L2 solution that provides automatic yields on ETH and Stablecoin. It was conceived by the founders of Blur, the world's largest NFT marketplace, and launched with the support of VCs Paradigm and StandardCrypto.
◼️Features
The main feature is the automatic growth of assets locked on Blast, leveraging the yields offered by the ETH staking and RWA protocols, with profits automatically returned to Blast users. Unlike traditional L2, which offers a 0% interest rate, Blast offers a high interest rate of 4% on ETH and 5% on stable coins.
Blast is designed to automatically rebase ETH and stabled coins on L2. The image may be similar to liquid staking. Rebased ETH and stablecoins can be used on Blast as they are, but the original assets are invested to earn revenue and returned.
ETH and stablecoins will be staked through Lido, and stablecoins will be offered through MakerDAO's on-chain US Treasury Bill (T-Bill) protocol.
When stablecoins are bridged to Blast, they are converted to USDBs (stablecoins with automatic rebasing). USDBs can also be exchanged for USDCs when they are returned to Ethereum.
Developers can also gain a new revenue stream by building Dapps on Blast. Blast is EVM compatible, so DApps built on Solidity can be deployed without modification.
Transition｜Issues to be solved and background of establishment
- Decrease in assets due to depreciation
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