Blur, blur, the new L2 Blast launched by Blur - automatic compound interest + "points airdrop"

Another L2 joins the L2 war. This time it’s#Blastcreated by#NFTmarketplace#Blurfounder Pacman.

On November 21, 2023, Layer 2 network Blast based on#OptimisticRollup completed US$20 million in financing, co-founded by #Paradigm, Standard Crypto, eGirl Capital and Mechanism Capital Andrew Kang, Lido strategic advisor Hasu, foobar, The Block CEO Larry Cermak and other investments.

According to Blast’s official announcement, Blast was jointly created by Pacman, the founder of NFT protocol Blur, and a team with rich experience from FAANG, MIT, Yale University, Nanyang Technological University, and Seoul National University. Team members have worked on some of the largest DeFi and Web3 protocols such as MakerDAO.

What is Blast
Blast describes itself as: the only Ethereum L2 with native returns on Ethereum and stablecoins based on optimistic rollup.

As the name suggests, users’ assets on Blast will automatically compound interest. It is reported that Blast’s revenue comes from Ethereum staking and the RWA protocol. Revenues from these decentralized protocols are automatically returned to Blast users. The interest rate on Blast is 4% for Ethereum and 5% for stablecoins. The default interest rate for other L2s is 0%.

Why do you need Blast?
Blast said that the existing risk-free interest rate on L2 is 0%, and the value of users’ assets will depreciate over time. It is time to change this. Blast is the first L2 with native yield. On Blast, users’ balances are automatically compounded and they earn additional Blast rewards.

Ethereum now has a risk-free interest rate in the form of ETH staking. By staking, users can earn 3-4% on ETH, which alone sucks up $20 billion in liquidity.

Specifically, Blast natively participates in ETH staking, and the staking proceeds will be fed back to L2 users and dapps. Blast redesigned L2 from the ground up so that if you have 1 ETH in your wallet on Blast, it will automatically grow to 1.04, 1.08, 1.12 ETH over time.

It’s not just ETH on Blast that makes money. The same goes for stablecoins. When a user bridges stablecoins like USDC, USDT, and DAI to Blast, it is deposited into an on-chain U.S. Treasury protocol like MakerDAO, and the proceeds are passed back to Blast users via Blast’s automated base stablecoin, USDB.

How Blast works

┃Automatic REBASE: Users trade on ETH. Dapps are built around ETH. Blast was designed from the beginning to be a native rebase of ETH on L2.

┃L1 staking: Blast will only be possible after Ethereum undergoes the Shanghai upgrade this year. Proceeds from ETH staking on L1, initially Lido, are automatically transferred to user accounts by rebasing ETH on L2.

┃T-BILL Earnings: Users of the bridged stablecoin will receive USDB, Blast’s automatic rebase stablecoin. USDB’s revenue comes from MakerDAO’s on-chain T-Bill protocol. USDB can be exchanged for USDC when crossing back to Ethereum.

Carry out the "points + airdrop" gameplay to the end
After using the "points + airdrop" gameplay to give Blur great success in the NFT market, Pacman, the founder of Blur, decided to continue using this gameplay to the end and continue to use it on Blast.

The Blast community airdrop will be divided into two parts: early members (50%) and developers (50%). Among them, developer airdrops will begin in January 2024 when the Blast test network is launched.

On November 21, 2023, the early access version of Blast has been launched, and early access is only available to invitees. Users can bridge to Blast and invite friends, and everyone who joins will be rewarded with Blast points. Early access members get more points based on the number of bridges and invitees.

By invitation now, users can earn yield (4% for ETH + 5% for stablecoins) and Blast Points ahead of the mainnet launch in February 2024.

Blast key time nodes

Early Access (Now): Earn Revenue + Blast Points

Mainnet (February 24, 2024): dapp goes online, withdrawals enabled

Airdrop (May 24, 2024): Blast points redeemed for airdrop

Summary of VC/market merchant wallet addresses and monitoring:

1. a16z

• 0x9d939a9bd16c1e66f37df5ad07a11b31dd63a139
• 0x7d325a9c8f10758188641fe91cfd902499edc782
•0x0f50D31B3eaefd65236dd3736B863CfFa4c63C4E
•0x05e793ce0c6027323ac150f6d45c2344d28b6019

2. IOSG

• 0xb8b9977a5b8920ad74ff3eea8d0267d09cb86926
• 0xdFe14fa0C322E34039D33400638771876398Ad88

3. Paradigm

• 0x11577a8A5bAF1e25B9a2d89f39670F447d75c3cD
• 0x820fb25352BB0c5E03E07AFc1d86252fFD2F0A18
• 0xCA8d6F69D8f32516a109Df68B623452cc9f5E64d

4. Wintermute

•0xdbf5e9c5206d0db70a90108bf936da60221dc080
•0x6e0a1ddad894e6466d405bb73377f0a257278d74

5. DWF Labs

•0xddAcAd3B1edee8E2F5b2e84f658202534fcb0374
•0xDfcdDaAfE55FE6E8102986e220Daf25AD03Edd57

筛选一些不错的投资标的，赌赛道不赌赛手，仅供参考DYOR

1️⃣L1
$INJ
$KAS
$KOIN
$DIONE

2️⃣Gamefi
$NAKA
$GFAL
$PYR
$PZP

3️⃣RWA
$RIO
$LEOX
$NXRA
$BOSON

4️⃣AI
$TAO
$VRA
$PAAL
$RNDR

5️⃣Defi
$RVF
$LINK
$CHNG
$VETME

6️⃣隐私
$ATOR
$ZANO
$ROSE

BiTea Morning News:

- Despite the pullback, Bitcoin continues to end the week on a solid growth trajectory.

- Bitcoin institutional inflows exceed $1 billion in 2023, facing a Bitcoin supply crunch.

- Blackstone believes the SEC has no legitimate reason to treat applications for spot cryptocurrencies and crypto futures exchange-traded funds differently.

- BitMEX founder Arthur Hayes: Bitcoin will outperform bonds in wartime.

- Binance account executive was hijacked and forced to empty crypto wallets, Changpeng Zhao froze funds.

- FTX bankruptcy team sues crypto exchange Bybit for $10 billion - which they were allowed to withdraw before anyone else.

- Coinbase will launch Solana and Avalanche altcoin futures support.

- MicroStrategy co-founder Michael Thaler believes Bitcoin demand could grow 10-fold by the end of 2024.

$BTC $ETH

Bitcoin’s 10-day moving average has a golden cross $BTC
A golden conversion line-base line crossover has just appeared on the daily chart.
⚠️ When the golden cross and dead cross appear on the Ichimoku balance chart, it does not mean a signal to enter trading immediately. Typically, prices tend to have some correction in this situation.
However, make no mistake. It gives a clear indication of likely future price direction.
BTC remains bullish in the medium to long term
#BTC

Web3 social application Tip Coin is open for claiming the token TIP, has launched DEX liquidity, and has filtered addresses with a wallet balance of 0 or a transaction history of 0. A total of tens of thousands of wallets are eligible to claim.

At the same time, Tip Coin said it will launch an appeals process to ensure that everyone who follows the rules is included.

Tip Coin announced the token economic model. 35% of the token TIP will be used for platform rewards, 5% will be allocated to the market, 5% will be allocated to team lock-ups, and the remaining tokens will be allocated to three Epoch rewards, with 15% used in Epoch 1. In order to provide liquidity, 15% will be used for airdrops; 20% of the tokens in Epoch 2 will be used for airdrops; 5% of the tokens in Epoch 3 will be used for airdrops.

#tip

Bitcoin’s open interest is growing rapidly across the board, adding $350 million in 8 hours,

The asset management companies that have applied for spot Bitcoin exchange-traded funds (Spot #Bitcoin ETF) include:

- BlackRock ($10 trillion AUM)

- Fidelity ($4.5 trillion) - FTSE Galaxy ($1.5 trillion)

- Franklin Templeton ($1.5 trillion) - Huiying Asset Management ($87 billion)

- Van Bock ($61 billion) - Global Index Funds ($40 billion)

- ARK Investment ($14 billion)

- Valkyrie ($1 billion)

- Bitwise ($1 billion)

Overall, these asset managers have a combined AUM of $17.7 trillion.

#token2049 #美联储是否加息？

$BTC $ETH

The chart below shows the change in Bitcoin balances held by the U.S. government following the largest seizures:

• November 2020: Silk Road/69.369 BTC

• January 2022: Bitfinex hack/94.643 BTC

• March 2022: James Zhong/51.326 BTC

Currently, as far as we know, the United States holds approximately 194,000 BTC. Interestingly, this balance has declined slightly, but they still hold a sizable portion. So: “Why doesn’t the US government sell this stolen money?”

1. The first and most logical assumption is that the United States is looking for a way to diversify alongside traditional assets like bonds and gold, storing such large amounts of BTC that they can control the market.

2. The second assumption is to prevent other countries from taking advantage: China is, in fact, one of the largest government Bitcoin holders.

so what do you think

Bitcoin Liquidation Heat Map

#BTC #web3 #crypto

New Bitcoin Model

🟥 1.0σ to 2.0σ $40,985 to $50,803 (6% of days)

🟨 Average to 1.0σ $31,168 to $40,985 (26% of days)

🟩 -1.0σ to average $21,350 to $31,168 (60% of days)

🟦 -1.5σ to -1.0σ $16,441 to $21,350 (8% of days)

Slope 10 days (-1%)

30 days (0%)

90 days (+8%)

Follow to get updates.

$BTC still maintains this view.

Unless there is a big positive line that steps back successfully.

List of unlocked data this week:

OP, DYDX and HBAR will usher in large-amount unlocks. On August 28, Token Unlocks data shows that the tokens of 9 projects will be unlocked at once this week, and dYdX, Optimism and Hedera will usher in large-amount unlocks.

At 8:00 on August 28, SingularityNET will unlock 9.82 million AGIX (worth approximately US$1.76 million), accounting for approximately 0.8% of the circulating supply;

At 20:00 on August 28, Galxe will unlock 586,000 GAL (worth approximately US$668,000), accounting for approximately 1.26% of the circulating supply;

At 23:00 on August 29, dYdX will unlock 6.52 million DYDX (worth approximately US$14.41 million), accounting for approximately 3.76% of the circulating supply;

At 12:00 on August 30, Optimism will unlock 24.16 million OP (worth approximately US$35.03 million), accounting for approximately 3.37% of the circulating supply;

At 6:20 on August 31, Euler will unlock 156,000 EUL (worth approximately US$377,000), accounting for approximately 0.84% ​​of the circulating supply;

At 8:00 on August 31, Nym will unlock 25 million NYM (worth approximately US$3.46 million), accounting for approximately 4.73% of the circulating supply;

At 8:00 on August 31, 1inch will unlock 64,000 1INCH (worth approximately US$15,000), accounting for approximately 0.01% of the circulating supply;

At 8:00 on September 1, Hedera will unlock 1.15 billion HBAR (worth approximately US$67.23 million), accounting for approximately 3.48% of the circulating supply;

Bitcoin mining difficulty just reached an all-time high!

AI data shows that the floor price of major "blue chip" NFTs fell by more than 25% last month.

#BTC HTF 1W：

Price is currently holding steady at the key support level of 24277 (green line) while continuing to adjust the daily fair value gap (FVG).

Although the current FVG (grey) provides support, you may notice that the previously gray FVG is now purple. I change the color of FVG when we reverse them, which in this case means a close below that level. This is now seen as resistance and provides a good target for short setups in the lower time frame (LTF).

From a weekly perspective, I would need to see prices close above this to resume any bullish signals. And if the price falls below that level, I would be pessimistic about this time frame.

Bitcoin $BTC ’s Best Buy and Sell Positions Over the Past 10 Years (2013-2023)

#比特币

On the BTC weekly chart:

>Implement price logarithmic regression 250

>Mayer multiple

>200-week moving average