PANews reported on December 3 that the community of Ethereum Layer2 network Blast has released a proposal titled "Buy Back BLAST Tokens and Get Profits". The proposal states that Blast has a narrative problem and to solve this problem, it is necessary to focus on prices; it proposes to convert earnings into BLAST tokens and use these earnings through buybacks. Depositors will retain the full value of their earnings: instead of receiving ETH or USDB, they will immediately receive liquid BLAST tokens. This proposal will result in $36 million of buying pressure on $BLAST tokens per year. This proposal will also make user acquisition and engagement activities more effective, thereby recalling users/builders and starting another growth flywheel, laying the foundation for the release of mobile apps.
The proposal indicates that currently, there are 1.2 billion dollars in revenue assets on Blast L2. The conservative estimate for the annual yield is 3%, which can generate 36 million dollars each year, available for purchasing BLAST on the open market, equivalent to a daily bid of about 100 thousand dollars. At the current price, this bid would lead to a daily price fluctuation of +4.8%.