The Blast community proposed to use $36 million in revenue to buy back BLAST tokens each year

The community of Ethereum Layer2 network Blast has published a proposal titled "Buy Back BLAST Tokens and Earn Yields", which states that Blast has a narrative problem and to solve this problem, it is necessary to focus on the price; it is proposed to convert the earnings into BLAST tokens and use these earnings through buybacks. Depositors will retain the full value of their earnings: they will not receive ETH or USDB, but will immediately receive liquid BLAST tokens. The proposal points out that currently, there are $1.2 billion in earnings assets on Blast L2. A conservatively estimated annual yield of 3% would generate $36 million per year, which can be used to buy BLAST on the open market, equivalent to a bid of about $100,000 per day. At current prices, this bid would cause the price to fluctuate by +4.8% per day. It is reported that this proposal will result in $36 million of buying pressure on $BLAST tokens per year, and it will also make user acquisition and engagement promotion activities more effective, thereby recalling users/builders and starting another growth flywheel to lay the foundation for the release of mobile applications.