ChainCatcher news: According to official news, the community of Ethereum Layer2 network Blast has released a proposal titled "Buy back BLAST tokens and get earnings". The proposal states that Blast has a narrative problem and to solve this problem, it is necessary to focus on prices; it is proposed to convert earnings into BLAST tokens and use these earnings through buybacks. Depositors will retain the full value of their earnings: they will not receive ETH or USDB, but will immediately receive liquid BLAST tokens.
The proposal states that currently, there are $1.2 billion of income-generating assets on Blast L2. A conservatively estimated annual yield of 3% would generate $36 million per year that could be used to purchase BLAST on the open market, equivalent to a bid of about $100,000 per day. At current prices, this bid would result in a price fluctuation of +4.8% per day.
It is reported that this proposal will create a buying pressure of 36 million dollars for $BLAST tokens each year, and will also make user acquisition and engagement campaigns more effective, thereby recalling users/builders and initiating another growth flywheel, laying the foundation for the release of mobile applications.
