Smart Chain Investment Research Institute Briefing—BLAST
Blast is an EVM-compatible optimistic rollup with native yields. On Blast, users' balances will automatically compound interest and earn additional Blast rewards.
Blast is a Layer 2 network based on Optimistic Rollup, co-created by Pacman and a team with rich experience in MakerDAO, MIT, Yale University and Seoul National University
Contributors of Blast have received US$20 million in financing, with investment from investment institutions Paradigm, Standard Crypto.eGirl Capital, and angel investors such as Mechanism Capital co-founder Andrew Kang, Lido strategic consultant Hasu.The Block CEO Larry Cermak and other angel investors. Among them, Paradigm and eGirl Capital are also investors in Blur.
Blast has adopted a similar airdrop strategy to projects such as Blur, attracting user participation through long-term point incentives and token airdrop expectations. Blast’s official website shows that Blast’s community airdrop will be divided into two parts: early members (50%) and developers (50%).
Before the launch of the mainnet in February next year, the annual interest rate (APR) for participating users' deposited assets will be 4% for ETH and 5% for stablecoins. Blast has not yet disclosed whether it will adopt a fixed interest rate or a floating interest rate, nor has it been clarified whether the rate of return will be open on the mainnet. Will it last. Because the current APR on Lido is only 3.7%
Noteworthy time points:
January 2024: Launch the Blast testnet and start airdrop activities for developers (50%)
February 24, 2024: Blast mainnet launched and withdrawals enabled
May 24, 2024: Blast points can be redeemed
