Blast is an innovative Layer 2 blockchain project built on Optimistic Rollups technology and fully compatible with the Ethereum Virtual Machine (EVM). The aim? To provide real yields to users holding ETH and stablecoins on the Ethereum network—a feature that stands out among Layer 2 solutions.

How Does Blast Work? 🛠️

Blast generates yields from staking ETH and stablecoins, automatically distributing the profits to users. When ETH is deposited into Blast, it’s staked via Lido DAO, and the rewards are shared. For stablecoins like USDC, USDT, and DAI, Blast offers an auto-rebasing stablecoin called USDB. Deposited stablecoins are invested in protocols like MakerDAO that hold U.S. Treasury bonds, sharing the earned interest with USDB holders.

Key Features of Blast 🚀

  • Native Yield: Earn yields from depositing ETH and stablecoins.

  • Profit Sharing from Gas Fees: Gas fee revenues are allocated to DApp developers, redistributing profits to users.

  • Attractive Airdrop Programs: Ongoing airdrop programs, with 50% of rewards for developers.

  • Comprehensive Tooling: Robust toolkit for developers to create products on its Layer 2 platform seamlessly.

Who's Behind Blast? 🧠

Led by Pacman, the founder of Blur, the team includes individuals from FAANG companies and top universities like Yale and MIT. They bring extensive experience from major DeFi and Web3 projects, especially on Ethereum and Solana.

Investors 💸

On November 21, 2023, Blast raised $20 million from investment funds including Paradigm and Standard Crypto.

BLAST Token Info 💰

  • Token Name: Blast

  • Token Symbol: BLAST

  • Total Supply: 100 billion BLAST

  • Circulating Supply: 17.17 billion BLAST

  • Smart Contract: 0xb1a5700fA2358173Fe465e6eA4Ff52E36e88E2ad

Token Allocation

  • Community: 50%

  • Development Team: 25.5%

  • Investors: 16.5%

  • Blast Foundation: 8%

Use Cases for BLAST Token 🎯

  • Rewarding users on the platform.

Where to Trade BLAST Token? 🔄

Blast is listed on major exchanges like Bybit and Coinbase.

Roadmap 🛤️

  • Q3 2024: EasyMint, BlastUP Shield, Incubation Program, Airdrop: Season 2.

  • Q4 2024: AI IDO Screener, Community Marketplace, Farming & Liquidity Pools, Airdrop: Season 3.

  • Q1 2025: EasyLaunch: Token Locks, Liquidity Locks, NFT Locks, EasyVesting.

  • Q2 2025: LotteryHub, Learn-to-Earn Program.

  • Q3 2025: AI IDO Helper.

  • Q4 2025: EasyStart – AI Startup Team Tools.

  • 2026: AI Launchpad Assistant, BlastUP Venture Labs, BlastUP Market Maker, OTC Marketplace.

Similar Projects 🔍

Blast is comparable to other Layer 2 projects like Optimism and Arbitrum.

Conclusion 🎉

Blast introduces a unique model, allowing users to earn yields on ETH and stablecoins. With its innovative airdrop program and robust developer support, Blast is rapidly growing in total value locked (TVL) and community size. With a team that brought Blur to success, Blast is poised to achieve similar feats in the crypto world.

🚨 Disclaimer: This content is designed to keep you informed and knowledgeable about the dynamic crypto landscape.