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Blast – L2 Network with Automatic Compound Interest
How Blast Works
Blast Airdrop Campaign and Notes
Pacman, the founder of the NFT trading platform Blur, announced on the X platform that he has raised $40 million to build Blast, a Layer 2 (L2) network specifically designed for NFTs. This new project has received support from well-known venture capital firms Paradigm and Standard Crypto.
Built on Optimistic Rollup, Blast is an L2 network that helps users automatically earn profits. The official introduction claims that typical L2 networks only custody users’ underlying assets transferred cross-chain in smart contracts, which reduces capital efficiency. Compared to other profit-earning investors, L2 users’ assets may incur losses due to some form of currency inflation, but Blast network can solve this issue.
When users transfer ETH and stablecoins from the Ethereum mainnet to the Blast network, assets on the Ethereum mainnet are placed in a place that can earn interest for users automatically.
For example, ETH is staked in Lido Finance to earn a 4% annualized staking reward, while stablecoins are deposited in Maker to earn a 5% annualized deposit interest (stablecoins transferred to Blast will be replaced with USDB, which can be exchanged back to USDC when transferred back to Ethereum). These profits are automatically transferred to users’ accounts on L2 through Rebase.
Currently, Blast is conducting an early experience airdrop campaign, where participants can earn airdrop points by transferring assets to Blast and inviting friends, which can be exchanged for token airdrops in May.
The early experience airdrop campaign is by invitation only, and you need an invitation code to participate. Below are some invitation codes for your consideration:
blast.io/XUDEJ
blast.io/FRV0F
blast.io/3W47C
blast.io/AH4HO
blast.io/U16DO
blast.io/UQME1
blast.io/FZO3Y
blast.io/UJ2M1
Lastly, it is important to note that assets transferred to the Blast network cannot be withdrawn back to the Ethereum mainnet until February next year! They will be locked in Blast until then, so please think carefully before proceeding. If you have idle funds, you can earn ETH staking rewards and passive income from stablecoins while earning points.
Join the Early Airdrop of L2 Network BlastBlur Founded by the Creator of Auto Compound
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