Blur, the Ethereum NFT marketplace, introduces Blast, a Layer 2 solution with inherent yield for ETH and stablecoins, backed by Paradigm and Standard Crypto.
Built on the premise of market efficiency, Blast recognises that liquidity gravitates towards the highest yield.
Unlike existing L2s with a 0% baseline interest rate, Blast stands out as the first L2 with native yield. This native participation in ETH staking allows users and dapps on Blast to witness their balances compound automatically, earning Blast rewards in addition.
Blast's innovative design ensures that both ETH and stablecoins like USDC, USDT, and DAI generate yield. ETH staking on Blast mirrors the concept of the risk-free interest rate (RFR), similar to the US economy.
The staking yield is seamlessly passed back to users and dapps, transforming a 1 ETH balance into 1.04, 1.08, 1.12 ETH over time. Additionally, stablecoins bridged to Blast undergo on-chain T-Bill protocols, with the accrued yield returned to users through USDB, Blast's auto-rebasing stablecoin.
Blur Season 3 kicks off, powered by Blast, ushering in a new era. With a track record of being the #1 Ethereum NFT marketplace protocol in Season 2, boasting a $6.1 billion trading volume, 260,165 unique users, and a 65% average market share, Blur aims to elevate its ecosystem further.
Blast joins forces with Blur for an airdrop in Season 3. This six-month season introduces rewards exclusively provided by Blast.
The airdrop splits evenly between NFT traders and $BLUR holders, with 50% allocated to each group. $BLUR holders earn Holder Points and a time-based multiplier, while NFT traders accrue Blur Points through bidding, listing, and lending on NFTs.
On June 26, 2024, Blast announced its token economics. The total supply of BLAST is 100 billion, 50% of which will be airdropped to the community, with an initial airdrop of 17 billion. Golden Finance has compiled detailed information on Blast's token economics for readers.
JinseFinanceBlast’s fifth distribution will give away 10 million gold points to Dapps. This is the last gold point distribution before the Blast airdrop on June 26th.
JinseFinanceOn April 12, users of Pac Finance, a lending app on Blast, claimed that they suffered a liquidation of $24 million on April 11 due to a sudden change in parameters of the developer wallet.
JinseFinanceGolden Finance decided to select projects with greater development potential in different sectors when the Blast mainnet was launched. In this issue, we will first select from the DEX track.
JinseFinanceThis article will explain Blast, which has made a strong start, and the security risks and potential opportunities behind the surge in TVL.
JinseFinanceWith Blast announcing that the testnet is online and 50% of the shorts are distributed to developers, the ecosystem will inevitably face the problem of capital liquidity optimization.
JinseFinanceBlast blockchain's $1.1 billion pre-launch deposits draw mixed reactions amidst controversy and high yield promises.
KikyoDan Robinson from Paradigm, posted on the X platform early this morning, pointing out that Blast's announcement last week exceeded boundaries in both information dissemination and execution strategy.
OliveIn the face of fierce competition from its new rival-Blur, OpenSea, announced today that it will temporarily waive its 2.5% sales fee and reduce creator royalty protection.
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