[Best Airdrop] Blast TVL exceeds US$800 million! How to participate in the Layer 2 Network Blast airdrop?
On November 21st, Blur founder Pacman released Blast, a Layer 2 project based on OP Stack. Users who deposit Ethereum into Blast can obtain staking benefits and additional points, which are used to prepare for subsequent token distribution. The main problems it wants to solve are the high gas fees of Ethereum and the problem of Blur Bid capital accumulation.
According to news on December 8, DeBank data shows that the total value of assets held by the Layer 2 network Blast contract address launched by Blur founder Pacman currently exceeds US$800 million, reaching US$809 million. Among them, ETH worth approximately US$716 million is deposited in the Lido protocol, assets of US$93.13 million are deposited in the Maker protocol, and the assets in the wallet are approximately US$160,000. How does such a popular project work?
What is Blast?
This is the first Ethereum L2 with native yields on ETH and stablecoins. It is built by Pacman, the founder of the popular NFT marketplace Blur.
Blast is an opportunity to rethink L2 infrastructure and treat yielding assets as first-class citizens - a fresh reimagining. If ETH was a native yield rebase token from the start, we think even the basic building blocks (such as the Uniswap pool) would have a different design.
With Blast, this funding becomes more efficient, earning almost an additional $100 million in interest per year based on current Uniswap TVL. This can become a bridge to broaden the current landscape of assets seeking returns on Ethereum.
Afterwards, idle ETH and stables will be converted into native yield versions. The wallet becomes a savings account and the dApp TVL brings in revenue. Users can now earn income from their assets directly and natively without having to have an opt-in action. We believe in the power of “default settings.”
Blast’s native revenue mechanism is quite interesting: users’ ETH balances will automatically compound interest, and they can also earn additional Blast rewards. For stablecoins such as USDC, USDT, and DAI, when users bridge them to Blast, the proceeds are transferred back to Blast users through Blast’s automatic base stablecoin USDB.
Blast encourages users to deposit crypto assets by staking ETH and stablecoins to earn rewards.It is worth mentioning that Blast is currently very active, with only one wallet depositing 10,000 ETH, equivalent to approximately US$21 million.
Put the ETH originally locked in Layer 1 on LIDO to obtain Staking interest. Interest income will be automatically given to ETH holders on Layer 2 Blast. The operation process of other stablecoins is the same, and RWA interest can be obtained.
We believe that one of the most interesting opportunities in cryptocurrency right now is defining a “winning” scaling layer for Ethereum. Liquidity is expected to be fungible and frictionless, and it will flow to the most powerful and profitable places, meaning the rewards for winners are huge.
Users can bridge to Blast and invite friends to participate in early airdrop activities, but they need to complete the steps of binding their X account, joining the official community, and connecting their wallet to receive the airdrop. According to the current airdrop rules of Blast, in addition to users receiving double points for bridging any amount within 7 days (cash can only be withdrawn after the mainnet goes online), Blast also introduces an invitation gameplay with social effects, which can be used by inviting users and invited users. When you earn points, you will get different levels of bonus points, especially if you invite large players, you can get more points and improve the ranking of the leaderboard.
Not only that, users can also form groups through invitations. When the group has 5 ETH, they can unlock super spins (10 times the normal spins) and 10 additional invitations.
A simple guide to blast, deposit ETH for blast: airdrop
blast is L2 created by the founder of blur. His innovation is that L1 funds will be deposited into Lido to obtain profits.
Deposit ETH now and you can withdraw it in February next year to get airdrops. A referral code is required.
The first step is to enter the referral code:
The second step is to link Twitter and DC:
The third step is to connect the wallet. If your wallet mainnet consumes a lot of GAS, you will get some points and deposit ETH at the same time:
Step 4: At this time, you can have your invitation code. Your first-level invitation can get 16% points for the next level, and your second-level invitation can get 8% points, so you can prepare 3 Twitters and 3 DCs. , deposit small amounts into the first two accounts, and prepare large amounts into the third account, so that you can get more points, and it is also a team game. If your recommended amount reaches 5, 10, 20, 30~100 ETH, you can also get lottery opportunities, which increases integral
It should be noted that Blast is currently only available to invitees. They can earn income (4% for ETH + 5% for stablecoins) before the launch of the mainnet in February 2024, and receive Blast points as rewards. All airdrop points will be redeemed in May 2024. Through Blast's staking, you can not only passively obtain the income brought by ETH, but also obtain the profits brought by the bridge, eating two fish. Why not.
