Blast Description
Blast is the sole Ethereum Layer 2 solution that offers native yield for both ETH and stablecoins. The yield generated comes from ETH staking alongside real-world asset (RWA) protocols. Users of Blast benefit as the yield from these decentralized systems is automatically redistributed to them. In contrast, the standard interest rate on other Layer 2 platforms sits at a mere 0%. Our vision as contributors is to enhance the on-chain economy by providing the highest-yield Layer 2 experience available. Those who participate in our community mission will have a chance to receive the Blast Airdrop as a reward. Notably, Blast's capabilities were made feasible this year, following the Shanghai upgrade to Ethereum. Additionally, yield from L1 staking, which was initially facilitated by Lido, is seamlessly transferred to users through a rebasing mechanism of ETH on the Layer 2 platform, ensuring they benefit from the staking rewards effortlessly. This innovative approach promotes both growth and accessibility within the blockchain ecosystem.
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