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đđ Exciting news in the world of Ethereum! The Blast layer-2 mainnet officially launched on February 29th at 9:00 pm UTC, unleashing a whopping $2.3 billion in previously staked crypto! đ°đ„ Around $280 million made a grand entrance as the initial blast-off.
đ„ What's even cooler? Blast offers users a chance to earn up to 5% annual percentage yield on Ether (ETH) and stablecoins stashed on the network! This yield is generated from staked ETH and United States Treasury Bills (T-Bills) managed by the awesome MakerDAO blockchain protocol.
đ Before the mainnet launch, crypto sent to the network was locked up, leaving its 180,000 users unable to withdraw their funds. But fear not! The gates are now open, and users can finally access their funds. đïžđž
đ Blast's total value locked (TVL) skyrocketed to a staggering $2.27 billion on February 29th, but it has since dipped below $2 billion post-launch, according to DeFiLlama. Blast's TVL hit an all-time high of nearly $2.3 billion before settling at $1.99 billion after the launch.
đ„ The network hit a major milestone by surpassing the $2 billion TVL mark for the first time just days before the mainnet launch on February 27th.
đ Airdrop enthusiasts are buzzing with excitement as they flock to the blockchain, hoping to score some sweet Blast tokens set to arrive in May.
đ„ But wait, there's drama too! Blast's launch has stirred up controversy, with Dan Robinson, research head at Blast seed investor Paradigm, expressing concerns about the timing and execution of the launch. Robinson believes that certain decisions made by Blast, such as launching the bridge before the L2 and restricting withdrawals for three months, could set a risky precedent for future projects.
đ Sadly, the network experienced its first alleged exit scam on February 26th when a gambling protocol named "Risk on Blast" vanished into thin air with 420 ETH â valued at around $1.25 million at the time â collected from users for its RISK presale token.
đ° Magazine headline: "Ethereum Restaking: A Game-Changing Innovation or a Risky House of Cards?" đđ #TrendingTopic #Write2Earn #L2 #BTC $ETH 
