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Pat_Kras
@solofunk
After raising $20 million from investors like Paradigm and Standard Crypto, Blast just ended its Early Access Period and went live on mainnet! Here's a rundown of what we know about the network and its differentiating features π§΅
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Pat_Kras
@solofunk
Blast is a Layer-2 scaling network for Ethereum. It is a fork of Optimism that operates under the same Optimistic Rollup model. However, details about what entity operates Blast's sequencer or if fraud proofs are in development have not been announced.
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Pat_Kras
@solofunk
Blast's novel features include: β’ Native ETH Yield: Users bridging ETH, WETH, or stETH receive rebasing staked ETH on Blast. β’ Native Stablecoin Yield: Users bridging stablecoins (USDC, USDT, and DAI) receive USDB, a rebasing stablecoin. Yield is advertised to be 4% and 5%.
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