Blast is a new Ethereum Layer 2 (L2) network in the blockchain and DeFi (Decentralized Finance) world. It's unique because it focuses on giving users high yields.
Blast
DeFi
Infrastructure
Description
Here's how it works:
- High-Yield L2: Blast aims to provide the highest yield on the Ethereum network. It does this by integrating yield mechanisms directly into the layer.
- Yield Generation:
- ETH: Users' ETH in Blast grows over time, reflecting staking yield.
- Stablecoins: When users bridge stablecoins to Blast, they get USDB, Blast’s stablecoin, with yield from on-chain protocols.
- Native Staking: Blast is the first L2 network with native staking, offering 4% yield for ETH and 5% for stablecoins. This is higher than most other L2 solutions.
- Compatibility and User Experience: It works well with the Ethereum system and keeps the user experience familiar for those who know Ethereum.
- Goals: Blast aims to:
- Solve scalability and cost issues of Ethereum's Layer 1.
- Provide native yield, which is lacking in other L2 solutions.
- Make DeFi more accessible and profitable for users.
In summary, Blast is a pioneering Layer 2 network that enhances Ethereum's functionality, focuses on high yield generation, and aims to make DeFi more user-friendly and profitable. However, its newness and some operational aspects are still under discussion in the crypto community.
Team of the Project
Tieshun Roquerre
Co-founder
Tieshun Roquerre, also known as "Pacman," is a notable entrepreneur in the tech and crypto industry. He founded StrongIntro and Namebase.io, raising $5 million for the latter before selling it to Namecheap. An MIT Mathematics and Computer Science attendee, Roquerre is now known for creating the top Ethereum NFT marketplace, Blur, and the innovative Ethereum Layer 2 network, Blast.