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Blast

Category: Layer 2, Decentralized finance (DEFI)

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Overview

Total XP Rewards

220

Estimated Rewards

$100M

Funding

$20M

Current Stage

Season 2

Total value locked

$470M

Unique Users

1.2M

Chains

chain image

Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

A

Tasks

0/11

TGE

June-2024

Type

Layer 2

Confirmed

Yes

Date

10 months ago

Introduction

  • Blast is Ethereum L2 with native yield for ETH and stablecoins.

Tasks

task-link

Visit http://blast.io/

  • Connect your wallet and enter an invite code. Connect twitter and discord.
task-link

Visit https://app.rhino.fi/bridge

  • Bridge $ETH from ARB/OP/LINEA or any network to Blast.
task-link

Visit https://app.thruster.finance

  • Swap ETH TO WETH/USDB Provide liquidity.
task-link

Visit https://app.zerolend.xyz/

  • Supply ETH/USDB/ezETH/weETH
  • Borrow ETH/USDB
task-link

Visit https://app.orbitlending.io/

  • Supply ETH/USDB/WBTC
  • Borrow ETH/USDB/WBTC
task-link

Visit https://app.juice.finance/

  • Supply USDB/WETH Borrow USDB/WETH
task-link

Visit https://app.blitz.exchange/

  • Deposit USDB.
  • Select a trading pair and open long or short positions.
task-link

Visit https://element.market/blast  

  • Buy/sell cheap NFT's.
task-link

Visit https://www.fantasy.top/onboarding/home

  • Enter your invite code.
  • Open a pack or purchase from the marketplace.
  • Create a team and participate in competitions.
task-link

Visit https://pacmoon.io/

  • Deposit $PAC on Wasabi to earn 3x Wasabi points & Blast Gold Deposit $PAC on Hyperlock to get boosted HYPER & Thruster points.
  • Join pacmoon chat room on Districtone and earn Blast Gold & $OLE.
task-link

Visit https://districtone.io/

  • Buy sOLE worth 0.005/0.05/0.1 ETH Join any 'room' and take part in 'Rallys'.
  • Buy some shares and vote.
  • You'll be receiving daily gems and bonuses.
  • You'll be able to exchange Gems for Blast Gold at the end of the epoch.

Fundamentals

Auto Rebasing

  • ETH itself, not WETH, STETH, or any other ERC20 is natively rebased on the L2. 
  • The ETH balance for EOAs is automatically rebased. Smart contracts can opt-in to this rebasing, making it easy for existing Dapps to deploy on Blast without any changes.
  • USDB, Blast’s native stablecoin, is automatically rebasing as well.

L1 Staking

  • Blast only became possible following Ethereum’s Shanghai upgrade. 
  • ETH yields from L1 staking, initially Lido is automatically transferred to users via rebasing ETH on the L2.
  • In the future, the Blast community will have the power to supplement or even fully replace Lido Blast-native solutions or other third party protocols.

​

T-Bill Yield

  • Users who bridge stablecoins receive USDB, Blast’s auto-rebasing stablecoin. 
  • The yield for USDB comes from MakerDAO’s on-chain T-Bill protocol. USDB can be redeemed for DAI when bridging back to Ethereum.
  • In the future, the Blast community will have the power to supplement or even fully replace, MakerDAO with Blast-native solutions or other third party protocols.

 

​Gas Revenue Sharing

  • Other L2s keep revenue from gas fees for themselves. 
  • Blast gives net gas revenue back to Dapps programmatically.
  • Dapps developers can keep this revenue for themselves or use it to subsidize gas fees for users.

 

Potential Rewards

  • Blast Points/Gold. Previously, users could earn Blast Points by bridging ETH to Blast, referring other users to blast.
  • Now, users can earn Blast Points & Blast Gold based on: Wallet balance, Dapp balance, Dapp usage.
  • 50% of the Blast Airdrop is allocated to Blast Points.
  • 50% of the Blast Airdrop is allocated to Blast Gold.
  • Gold is for Dapps, and unlike Points, Gold is distributed manually. The Blast incentives committee will distribute Gold on a 2-3 week cadence and announce publicly once Gold has been distributed.
  • You will earn +16% on top of any Gold your invites earn, and +8% on top of any Gold your invite’s invites earn. The more your invites use and earn Gold from Dapps, the more you earn.
  • You can earn Multipliers by using certain highlighted Dapps.

Airdrop scheduled for 26th June.

  • Pacman is behind Blast who created Blur NFT Marketplace. 
  • Blur season 1 & 2 airdrop value was over $700M.
  • Blast TVL- $2B
  • Blast has 1.2M users, just 20% of zksync(6M) and layerzero(5M).
  • Airdrop looks more attractive if you compare TVL and users.

Investors

  • Paradigm
  • Standard Crypto

Audit

  • Chainight

Features

  • High Scalability
  • Fast Transaction Speeds
  • Robust Security
  • Interoperability
  • Enhanced User Experience
  • EVM compatible
  • Energy Efficiency
  • Ease of Integration

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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