🚀Blast (BLAST), the Ethereum Layer 2 network, has proposed a new initiative to distribute all fee income earned by the Blast Foundation Treasury to BLAST token holders weekly. This move aims to boost the value of holding BLAST, enhance user retention, and increase the network's appeal. 💰

The proposal includes a fee system charging four basis points per rebase, with these fees and other treasury fees like unclaimed gas rebates distributed to BLAST holders weekly. This could lead to a more stable token price and continuous active participation within the ecosystem.

Blast, with a total value locked (TVL) of over $1.28 billion, recently airdropped its token and unveiled the next phase of its platform development. This includes the introduction of desktop and mobile wallets specifically designed for crypto users, aiming to accelerate the transition to an on-chain economy.

What are your thoughts on this new proposal? Let's discuss in the comments! 👇