BLAST
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Ethereum Scaling Solution Blast Launches Native Token
$BLAST #BLAST #LAYER2 #EthereumLayer2 $ETH #airdrop
Ethereum Layer 2 (L2) network Blast is set to launch its native token today, with 17% of its total supply airdropped to early adopters. Despite its $1.65 billion in Total Value Locked (TVL), Blast is one of the most debated products in decentralized finance (DeFi).
Token Airdrop Details
The airdrop will be distributed across Blast and its affiliated NFT marketplace Blur’s points program. Specifically, 7% will go to Blast points, another 7% to Blast gold, and 3% will be shared among the Blur ecosystem.
On-Chain Metrics and Native Yield
Blast boasts impressive on-chain metrics compared to other blockchains, driven by its token incentives. According to DeFiLlama, Blast is the second largest Ethereum scaling solution by TVL and has the highest user fees among Layer 2 networks. As an optimistic rollup like Arbitrum and Optimism, Blast was the first to introduce native yield.
On Blast, all ETH yields 4%, while its native stablecoin, USDB, yields 5%. This allows users to earn yield simply by holding assets on the chain, without engaging directly with DeFi protocols. This native yield is generated through ETH staking and Real-World Asset (RWA) protocols via an automatic rebasing system.
Controversial Aspects of Blast
Blast is developed by the team behind the leading NFT platform Blur, which has also faced its share of controversies. Blur overtook OpenSea as the dominant NFT trading platform after its token launch in 2023, but its incentives for buying, selling, and lending have drawn criticism from many NFT collectors. Some even claim that “Blur killed NFTs.”
The latest season of Blur farming featured previously undisclosed Blast incentives. Recently, Blast announced that Season 3 will allocate 0.5% of its supply to Blur traders and 1.5% to BLUR stakers. The remaining Blur token allocation will be reserved for future uses.
Ethereum Scaling Solution Blast Launches Native Token
$BLAST #BLAST #LAYER2 #EthereumLayer2 $ETH #airdrop
Ethereum Layer 2 (L2) network Blast is set to launch its native token today, with 17% of its total supply airdropped to early adopters. Despite its $1.65 billion in Total Value Locked (TVL), Blast is one of the most debated products in decentralized finance (DeFi).
Token Airdrop Details
The airdrop will be distributed across Blast and its affiliated NFT marketplace Blur’s points program. Specifically, 7% will go to Blast points, another 7% to Blast gold, and 3% will be shared among the Blur ecosystem.
On-Chain Metrics and Native Yield
Blast boasts impressive on-chain metrics compared to other blockchains, driven by its token incentives. According to DeFiLlama, Blast is the second largest Ethereum scaling solution by TVL and has the highest user fees among Layer 2 networks. As an optimistic rollup like Arbitrum and Optimism, Blast was the first to introduce native yield.
On Blast, all ETH yields 4%, while its native stablecoin, USDB, yields 5%. This allows users to earn yield simply by holding assets on the chain, without engaging directly with DeFi protocols. This native yield is generated through ETH staking and Real-World Asset (RWA) protocols via an automatic rebasing system.
Controversial Aspects of Blast
Blast is developed by the team behind the leading NFT platform Blur, which has also faced its share of controversies. Blur overtook OpenSea as the dominant NFT trading platform after its token launch in 2023, but its incentives for buying, selling, and lending have drawn criticism from many NFT collectors. Some even claim that “Blur killed NFTs.”
The latest season of Blur farming featured previously undisclosed Blast incentives. Recently, Blast announced that Season 3 will allocate 0.5% of its supply to Blur traders and 1.5% to BLUR stakers. The remaining Blur token allocation will be reserved for future uses.
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A quick chat 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: The only Ethereum L2 launched by Blur with native income from ETH and stablecoins has just received $20 million from Paradigm and Standard Crypto. Blast’s income comes from Ethereum staking and RWA protocols. 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. #BLAST #BTC #ETH #公链生态
🚀 Dive Into the Future with Blast: Ethereum's Newest Layer-2 Solution 🌐
The crypto landscape is buzzing with the launch of Blast, an Ethereum Layer-2 network that's unlocking a groundbreaking $2.3 billion in staked crypto. With an airdrop on the horizon and yield-generating opportunities that are turning heads, Blast represents the next leap in blockchain scalability and efficiency.
What's Inside?
An in-depth look at Blast's launch, its impact on the Ethereum ecosystem, and how it's setting new benchmarks in the DeFi space.Insights into the $2.3 billion unlock and what it means for crypto enthusiasts and investors.A step-by-step guide on how to join the Blast movement and make the most of its innovative Layer-2 features.
Whether you're a seasoned crypto investor or new to the blockchain world, our latest article on Binance Square offers everything you need to know about Blast and how to be part of this exciting development.
🔍 Read the full analysis here.
Note: This content is intended for informational purposes only. As the crypto world evolves, stay informed and ahead of the curve with Binance Square.
#TrendingTopic #ETH #BLAST #Write2Earn #Airdrop
The crypto landscape is buzzing with the launch of Blast, an Ethereum Layer-2 network that's unlocking a groundbreaking $2.3 billion in staked crypto. With an airdrop on the horizon and yield-generating opportunities that are turning heads, Blast represents the next leap in blockchain scalability and efficiency.
What's Inside?
An in-depth look at Blast's launch, its impact on the Ethereum ecosystem, and how it's setting new benchmarks in the DeFi space.Insights into the $2.3 billion unlock and what it means for crypto enthusiasts and investors.A step-by-step guide on how to join the Blast movement and make the most of its innovative Layer-2 features.
Whether you're a seasoned crypto investor or new to the blockchain world, our latest article on Binance Square offers everything you need to know about Blast and how to be part of this exciting development.
🔍 Read the full analysis here.
Note: This content is intended for informational purposes only. As the crypto world evolves, stay informed and ahead of the curve with Binance Square.
#TrendingTopic #ETH #BLAST #Write2Earn #Airdrop
Some analysts believe that Dogecoin will rise to $15 in the next bull market. I think it is a bit difficult, but it should be no problem to $5.
🚀Follow me, the bear market brings you faith and hope
#RichardTeng #BLAST #hodl #WLD #DOGE
🚀Follow me, the bear market brings you faith and hope
#RichardTeng #BLAST #hodl #WLD #DOGE
#OLE
cconsidering the upcoming 50 million #ole token distribution in may, you can participate in it simply by joining on Districtone and doing some activities like rally, vote and another way is to buy some shares in trending space in District one.. Collect more gems and more gems means more chance to win #OLE and #BLAST airdrops
onsider it as a big chance to earn #OLE and #blast airdrops..
And also keep in mind.. It is backed by binancelabs and cryptocom. Cap .. Also the binance listing will be in may (current mont).
You can by #ole in thruster
Do your own research
Thank you
onsider it as a big chance to earn #OLE and #blast airdrops..
And also keep in mind.. It is backed by binancelabs and cryptocom. Cap .. Also the binance listing will be in may (current mont).
You can by #ole in thruster
Do your own research
Thank you
Blast: Ethereum's Layer-2 Vanguard Unleashes $2.3 Billion and Preps for A Major Airdrop
#BLAST #Airdrop #Layer2
In a landscape thirsting for scalability and efficiency, the launch of Blast, an Ethereum Layer-2 solution, has sent ripples through the cryptocurrency community, unlocking a staggering $2.3 billion in staked crypto. Spearheaded by the visionary behind the leading NFT marketplace Blur, Blast's debut is more than a technological milestone; it's a beacon for the future of Ethereum's scalability and a testament to the innovative spirit driving the DeFi sector.
A Surge in Popularity and TVL
Blast's arrival was met with fervent enthusiasm, quickly amassing a Total Value Locked (TVL) of over $300 million, a clear indicator of its growing traction and the crypto community's endorsement. This surge underscores the significant demand for Layer-2 solutions that not only promise but deliver enhanced efficiency and lower transaction costs.
The Draw of the Airdrop and Yield Innovations
The anticipation surrounding Blast's forthcoming airdrop in May 2024 has become a major catalyst for user engagement. With promises of annual returns on Ethereum and stablecoins, coupled with the unique opportunity to earn Blast Points, the platform is positioning itself as a hub for yield generation and community-driven development.
Navigating Challenges and Embracing Potential
Despite facing scrutiny over governance and withdrawal restrictions, Blast's strategic moves—be it through significant asset accumulation or introducing new yield generation models—highlight its ambition to revolutionize Ethereum's Layer-2 landscape. The platform's commitment to overcoming these hurdles and fostering transparency will be pivotal in sustaining its momentum and trust within the community.
How to Join the Blast Movement: A Step-by-Step Guide
Joining the Blast ecosystem is an exciting journey into the future of Ethereum's scalability and DeFi innovation. Here's how to get started, simplified into easy-to-follow steps:
Step 1: Set Up a MetaMask Wallet
If you haven't already, download and install the MetaMask browser extension from the official MetaMask website or add the app to your smartphone. Follow the setup instructions to create your wallet. Remember to securely store your recovery phrase.
Step 2: Connect to ChainList
ChainList is a convenient tool that helps users connect their wallets to various networks, including Blast. Visit the ChainList website and ensure you're logged into your MetaMask wallet.
Step 3: Search for Blast Network
Once on ChainList, use the search function to find the Blast network. This will display the network's details and a 'Connect Wallet' button.
Step 4: Add Blast to MetaMask
Click on 'Connect Wallet' and then 'Add to MetaMask' to integrate the Blast network settings into your MetaMask wallet. This action prompts MetaMask to open a window asking for permission to add the new network.
Step 5: Confirm and Switch to Blast Network
Confirm the addition by clicking 'Approve' in the MetaMask prompt. MetaMask will then ask if you wish to switch to the Blast network; select 'Switch Network' to finalize the setup.
Step 6: Deposit Assets and Participate in the Airdrop
With your wallet now connected to the Blast network, you can participate in the ecosystem by depositing ETH $ETH , stETH, or supported stablecoins like DAI, USDC $USDC , and USDT. Remember, participation in the upcoming airdrop requires holding these assets in the Blast network until the specified date.
Step 7: Earn Yield and Blast Points
By depositing your assets, you'll start earning an annualized yield and accumulate Blast Points, which will qualify you for the airdrop rewards.
Final Thoughts
Exploring Blast's Layer-2 network opens up a realm of possibilities for enhanced transactions, yield generation, and participation in a burgeoning DeFi ecosystem. As with any crypto-related activity, ensure you're comfortable with the platform's terms and understand the locking period for deposited assets.
Looking Ahead
As Blast gears up for its mainnet launch and the highly anticipated airdrop, the crypto world watches with bated breath. The platform's innovative approach to yield generation, community engagement, and its pivotal role in Ethereum's evolving ecosystem spotlight the transformative potential of Layer-2 solutions.
Disclaimer
This article is intended for informational purposes only and should not be taken as financial advice. The cryptocurrency sector is marked by volatility and uncertainty; readers are advised to conduct their own research and consult with financial experts before making investment decisions.
References
Decrypt. (2024, January 16). Ethereum L2 Blast Tempts Developers With Airdrop After Users Lock Up $1.3 Billion. Retrieved from Decrypt.The Cryptonomist. (n.d.). BLAST: Ethereum's new layer-2 with a planned crypto airdrop. Retrieved from Cryptonomist.Decrypt. (2023, December 28). Blast Deposits Top $1.1 Billion Ahead of Ethereum L2 Launch and Airdrop. Retrieved from Decrypt.Decrypt. (n.d.). News Explorer — Ethereum Layer-2 Scaling Network Blast Draws Over $1 Billion in Deposits for Its Upcoming Token Airdrop. Retrieved from Decrypt.Datawallet. (n.d.). What is Blast? Airdrop, Tokenomics & More. Retrieved from Datawallet.Datawallet. (2024, March 1). How to Add Blast to MetaMask. Retrieved from Datawallet.
#TrendingTopic #Write2Earn
In a landscape thirsting for scalability and efficiency, the launch of Blast, an Ethereum Layer-2 solution, has sent ripples through the cryptocurrency community, unlocking a staggering $2.3 billion in staked crypto. Spearheaded by the visionary behind the leading NFT marketplace Blur, Blast's debut is more than a technological milestone; it's a beacon for the future of Ethereum's scalability and a testament to the innovative spirit driving the DeFi sector.
A Surge in Popularity and TVL
Blast's arrival was met with fervent enthusiasm, quickly amassing a Total Value Locked (TVL) of over $300 million, a clear indicator of its growing traction and the crypto community's endorsement. This surge underscores the significant demand for Layer-2 solutions that not only promise but deliver enhanced efficiency and lower transaction costs.
The Draw of the Airdrop and Yield Innovations
The anticipation surrounding Blast's forthcoming airdrop in May 2024 has become a major catalyst for user engagement. With promises of annual returns on Ethereum and stablecoins, coupled with the unique opportunity to earn Blast Points, the platform is positioning itself as a hub for yield generation and community-driven development.
Navigating Challenges and Embracing Potential
Despite facing scrutiny over governance and withdrawal restrictions, Blast's strategic moves—be it through significant asset accumulation or introducing new yield generation models—highlight its ambition to revolutionize Ethereum's Layer-2 landscape. The platform's commitment to overcoming these hurdles and fostering transparency will be pivotal in sustaining its momentum and trust within the community.
How to Join the Blast Movement: A Step-by-Step Guide
Joining the Blast ecosystem is an exciting journey into the future of Ethereum's scalability and DeFi innovation. Here's how to get started, simplified into easy-to-follow steps:
Step 1: Set Up a MetaMask Wallet
If you haven't already, download and install the MetaMask browser extension from the official MetaMask website or add the app to your smartphone. Follow the setup instructions to create your wallet. Remember to securely store your recovery phrase.
Step 2: Connect to ChainList
ChainList is a convenient tool that helps users connect their wallets to various networks, including Blast. Visit the ChainList website and ensure you're logged into your MetaMask wallet.
Step 3: Search for Blast Network
Once on ChainList, use the search function to find the Blast network. This will display the network's details and a 'Connect Wallet' button.
Step 4: Add Blast to MetaMask
Click on 'Connect Wallet' and then 'Add to MetaMask' to integrate the Blast network settings into your MetaMask wallet. This action prompts MetaMask to open a window asking for permission to add the new network.
Step 5: Confirm and Switch to Blast Network
Confirm the addition by clicking 'Approve' in the MetaMask prompt. MetaMask will then ask if you wish to switch to the Blast network; select 'Switch Network' to finalize the setup.
Step 6: Deposit Assets and Participate in the Airdrop
With your wallet now connected to the Blast network, you can participate in the ecosystem by depositing ETH $ETH , stETH, or supported stablecoins like DAI, USDC $USDC , and USDT. Remember, participation in the upcoming airdrop requires holding these assets in the Blast network until the specified date.
Step 7: Earn Yield and Blast Points
By depositing your assets, you'll start earning an annualized yield and accumulate Blast Points, which will qualify you for the airdrop rewards.
Final Thoughts
Exploring Blast's Layer-2 network opens up a realm of possibilities for enhanced transactions, yield generation, and participation in a burgeoning DeFi ecosystem. As with any crypto-related activity, ensure you're comfortable with the platform's terms and understand the locking period for deposited assets.
Looking Ahead
As Blast gears up for its mainnet launch and the highly anticipated airdrop, the crypto world watches with bated breath. The platform's innovative approach to yield generation, community engagement, and its pivotal role in Ethereum's evolving ecosystem spotlight the transformative potential of Layer-2 solutions.
Disclaimer
This article is intended for informational purposes only and should not be taken as financial advice. The cryptocurrency sector is marked by volatility and uncertainty; readers are advised to conduct their own research and consult with financial experts before making investment decisions.
References
Decrypt. (2024, January 16). Ethereum L2 Blast Tempts Developers With Airdrop After Users Lock Up $1.3 Billion. Retrieved from Decrypt.The Cryptonomist. (n.d.). BLAST: Ethereum's new layer-2 with a planned crypto airdrop. Retrieved from Cryptonomist.Decrypt. (2023, December 28). Blast Deposits Top $1.1 Billion Ahead of Ethereum L2 Launch and Airdrop. Retrieved from Decrypt.Decrypt. (n.d.). News Explorer — Ethereum Layer-2 Scaling Network Blast Draws Over $1 Billion in Deposits for Its Upcoming Token Airdrop. Retrieved from Decrypt.Datawallet. (n.d.). What is Blast? Airdrop, Tokenomics & More. Retrieved from Datawallet.Datawallet. (2024, March 1). How to Add Blast to MetaMask. Retrieved from Datawallet.
#TrendingTopic #Write2Earn
#BTC #ETH #BLUR. #BLAST #MyFirstFeedPost
Blast has reached $570 Million in TVL within 1 week.
63,948 community members are now earning yield (~4% for ETH and 5% for stables) + Blast Points.
There's been incredible inbound developer interest since launch. We'll share more for devs soon as we march towards Mainnet,
Pacman created Blur, the top NFT marketplace protocol on Ethereum with over 333,063 users and $7b worth of NFTs traded. Blur distributed the 5th largest airdrop in Ethereum history, and maybe the blast airdrop will bigger than blur airdrop
don't miss out the biggest upcoming airdrop and join now 👇👇👇
blast.io/DNFLA
blast.io/465TW
blast.io/2C608
blast.io/59Q6Y
blast.io/NR9CH
blast.io/QEDNF
Blast has reached $570 Million in TVL within 1 week.
63,948 community members are now earning yield (~4% for ETH and 5% for stables) + Blast Points.
There's been incredible inbound developer interest since launch. We'll share more for devs soon as we march towards Mainnet,
Pacman created Blur, the top NFT marketplace protocol on Ethereum with over 333,063 users and $7b worth of NFTs traded. Blur distributed the 5th largest airdrop in Ethereum history, and maybe the blast airdrop will bigger than blur airdrop
don't miss out the biggest upcoming airdrop and join now 👇👇👇
blast.io/DNFLA
blast.io/465TW
blast.io/2C608
blast.io/59Q6Y
blast.io/NR9CH
blast.io/QEDNF
💥 #Blast TVL Soars to $279M! 🚀💼
📈 The Total Value Locked (TVL) in #Blast has soared to a whopping $279M, with a substantial chunk of 115,550 $ETH , equivalent to 239M! 💰🌐
🔐 Brace yourselves! Withdrawals are set to unfurl on Feb 24 next year, but the 115,550 #ETH ($239M) will remain locked until Feb 24, 2024. ⏳💼
🔍 Dive into the action at this address!
👇
0x5f6ae08b8aeb7078cf2f96afb089d7c9f51da47d
Explore the crypto journey! 🚀🔗
#BLAST $BLAST
[Disclaimer: #cryptocurrency transactions involve risks. Stay informed and make well-researched financial decisions.]
😍 A small LIKE and FOLLOW, Motivates me a lot 😍
📈 The Total Value Locked (TVL) in #Blast has soared to a whopping $279M, with a substantial chunk of 115,550 $ETH , equivalent to 239M! 💰🌐
🔐 Brace yourselves! Withdrawals are set to unfurl on Feb 24 next year, but the 115,550 #ETH ($239M) will remain locked until Feb 24, 2024. ⏳💼
🔍 Dive into the action at this address!
👇
0x5f6ae08b8aeb7078cf2f96afb089d7c9f51da47d
Explore the crypto journey! 🚀🔗
#BLAST $BLAST
[Disclaimer: #cryptocurrency transactions involve risks. Stay informed and make well-researched financial decisions.]
😍 A small LIKE and FOLLOW, Motivates me a lot 😍
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TOP 10 TVL ON #BLAST
$JUICE $THRUST $HYPER $RING#Renzo$ORBIT #PacFinance #Particle #SynFutures #Ambient
$JUICE $THRUST $HYPER $RING#Renzo$ORBIT #PacFinance #Particle #SynFutures #Ambient
See original
Don’t just see the prosperity and opportunities brought by market warming and bull markets, but also see the great risks brought about by narrative changes, market winters and bear markets.
The development of new platforms in the last bull market was a typical blockchain trap. Wrong trends and blind faith brought deep losses or even zero.
Of course, this does not mean that the current development of new platforms is not an opportunity. The key is to choose a high-quality IDO platform and the position opening point should be low. In the bull market, IDO projects should not hesitate to take profits. When the market undergoes fundamental changes, Don't hesitate to sell the shovel, don't have faith, and don't HODL. #BTC #BLAST #Onchain #etf #ETH
The development of new platforms in the last bull market was a typical blockchain trap. Wrong trends and blind faith brought deep losses or even zero.
Of course, this does not mean that the current development of new platforms is not an opportunity. The key is to choose a high-quality IDO platform and the position opening point should be low. In the bull market, IDO projects should not hesitate to take profits. When the market undergoes fundamental changes, Don't hesitate to sell the shovel, don't have faith, and don't HODL. #BTC #BLAST #Onchain #etf #ETH
The bull market begins with despair, begins with doubt, and ends with absurdity
Never try to buy at the lowest price and sell at the highest price. This is impossible. Now is the lowest price, buy it, we will wait for the bull market to come, spend the suffering together, and we will usher in the dawn.
🟡Follow me and witness the next round of super bull market #BTC #BLAST #Onchain #cbdc #etf
Never try to buy at the lowest price and sell at the highest price. This is impossible. Now is the lowest price, buy it, we will wait for the bull market to come, spend the suffering together, and we will usher in the dawn.
🟡Follow me and witness the next round of super bull market #BTC #BLAST #Onchain #cbdc #etf
#BLAST PUMP JUST STARTED STILL NOT A LATE FOR BUYING GUYS BUY MORE
GO.......!!!GO.......!!!GO.......!!!
Buy buy buy buy buy 🤑🤑🤑🤑🚀🚀🚀🚀🚀
GO.......!!!GO.......!!!GO.......!!!
Buy buy buy buy buy 🤑🤑🤑🤑🚀🚀🚀🚀🚀
