Description
Blast is an L2 with native yield for ETH and stablecoins. 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. Yield makes it possible to create new revenue streams and provide novel rewards for end-users. Users transact in ETH. Dapps are built around ETH. Blast was designed from the ground up so that ETH itself is natively rebasing on the L2.
Blast has raised $20 million from investors like Paradigm and Standard Crypto and has confirmed that it will do an airdrop for early users. Users who sign up with an invite code, bridge ETH and invite friends will get airdrop points. Airdrop points will be convertible to Blast tokens in May.
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