- Blast launches its mainnet with a unique feature of offering native yields on Ether and stablecoins.
- Despite controversy over locked deposits, Blast has attracted over $2.3 billion in deposits and plans to convert points to tokens for users in May.
- Blast will be the seventh-largest blockchain and the second-largest Ethereum layer 2 by total value deposited.
Blast, an Ethereum layer 2 blockchain, launched its mainnet today at 9 PM GMT.
Blast is an optimistic rollup that gives users a native yield on their Ether and stablecoins through the Ether staking yield and T-Bills from MakerDAO.
This means Ether on Blast is always earning the Ether staking yield of 3%-5% and the 5% yield offered by MakerDAO for depositing stablecoins.
Until today, once users deposited tokens, they had no way of withdrawing from Blast. That prompted Dan Robinson, head of research at Paradigm, one of the firms that invested in Blast, to post a statement on X…
