Let’s talk briefly about Blast @Blast_L2

In short, by staking the cross-chain ETH and then distributing the income to everyone, it can be understood that a certain point income will be given on the basis of Lido. The future gameplay should focus on strong social interaction, and may also be similar to Blur's model. .

The main focus is native yield, which can provide native income.

Blast: Blur’s launch of Ethereum L2, the only Ethereum with native income from ETH and stablecoins, just received $20 million from Paradigm and Standard Crypto

Blast’s revenue comes from Ethereum staking and the RWA protocol. Revenues from these decentralized protocols are automatically returned to Blast users, with the default interest rate for other L2s being 0%. On Blast, interest rates are 4% for Ethereum and 5% for stablecoins.

Logic: When users cross-chain ETH or stablecoins into Blast, they will be deposited into on-chain treasury bill protocols (T-Bill) such as MakerDAO, and the proceeds will be transferred back to Blast through Blast's automatic basic stablecoin USDB user.

In short, the cross-chain past ETH is pledged, and then the income is distributed to everyone. On the basis of Lido, a certain point income will be given, so the future gameplay may focus on strong social interaction, or it may be similar to Blur's model.

Compared with other decentralized sequencers that have no movement in L2, they still keep the Gas fee for themselves in the end. Blast returns this revenue directly to developers through the program. Developers can keep this revenue or use it to subsidize gas costs for users.

The model of staking ETH to POS is somewhat similar to the savings protocol Anchor of the former star project Luna. It is essentially the staking income of blockchain POS. bETH is ETH in the staking state and can obtain an annual eth income of about 5%. At the same time, you can also receive interest income paid by the borrower.

The concept of real income/native income should be mentioned more and more in the future. Yesterday, I wrote an article [DeFi Evaluation Method ②: Analyzing Liquidity Agreement] and mentioned the concept of national public chain in the tweet.

Later, the concepts of treasury bonds on the RWA chain and the risk-free interest rate based on the native risk on the chain may be proposed more. In this way, the construction of the native bond market on the chain will be more colorful.