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

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

co-founder @origami § software engineer § privacy wonk § music head

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?

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