Ethereum

Has anyone looked at Blast since they launched their testnet? Unless I'm missing something, there's still no "native yield". Bridging to testnet just gives you an ETH balance and they make some hand-wavy assertions about "rebasing" with WETH. Anyone have more info?

Has anyone looked at Blast since they launched their testnet? Unless I'm missing something, there's still no "native yield". Bridging to testnet just gives you an ETH balance and they make some hand-wavy assertions about "rebasing" with WETH. Anyone have more info?

https://docs.blast.io/building/bridges/testnet

co-founder @chaindrop § software engineer § privacy wonk § music head § theoretical memeticist

OTOH, if your bridge deposits native to the L1 in a staking service and mints WETH to the L2, I can see how you could have an oracle project value updates for your WETH holdings. Maybe that's the intent and the testnet impl just doesn't do that yet?

Are their other possibilities that I'm missing?

I have some ideas about how you could do this, but their implementation so far deviates from how I think it would have to work... so I'm hoping someone else can help me understand how deposits in native currency (ETH) could generate yield without off-chain processing. I'm pretty sure it can't, but want to be wrong.

Thanks! I'm hoping to understand the specific mechanics of how it _could_ work. I dig a little into it here, but I'm hoping someone with more insight could confirm or correct.

Thanks! I'm hoping to understand the specific mechanics of how it _could_ work. I dig a little into it here, but I'm hoping someone with more insight could confirm or correct. https://warpcast.com/mrmemes.eth/0xb2420021

I believe the yield will come once they launch mainnet

All the deposits now are for airdrop farming 

I’m not a blast user so I could be wrong. But that’s my understanding