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Blast

Blast is the L2 that helps you earn. Blast is the first L2 that incorporates native yield. Your balance on Blast compounds automatically.

Funding Round: $20 Million

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Overview

Project industryBlockchain Infrastructure
Product typeTechnology

What is Blast

The only Ethereum L2 with native yield for ETH and stablecoins. Airdrop now live.

The promised network, Blast, would launch as an optimistic rollup in February 2024, but its backers immediately began soliciting deposits into a smart contract “bridge.”

Blast’s development team, led by pseudonymous Blur co-founder Pacman, raised $20 million from venture capital firms Paradigm and Standard Crypto, joined by a motley crew of angel investors and crypto influencers.

Blast yield comes from ETH staking and RWA protocols. The yield from these decentralized protocols is passed back to Blast users automatically. The default interest rate on other L2s is 0%. On Blast, it’s 4% for ETH and 5% for stablecoins.

Our goal as contributors is to grow the on-chain economy with the highest-yield L2 possible. Community members who join our mission will have the opportunity to earn the Blast Airdrop. The first stage of the airdrop is [now live].

Blast is built on the principle that liquidity naturally gravitates towards higher yields. Traditional L2s offer a baseline interest rate of 0%, leading to asset depreciation over time. Blast changes this by integrating native yield mechanisms, ensuring your balance not only remains stable but grows.

Details

Raised: 20,000,000 USD

Legal

Blockchain Platform: Ethereum
Registration year: 2023

Token info

Token standard: ERC-20

Social media

Blast web-siteBlast TwitterBlast Discord

MVP

MVP URL

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