@mystici
Blast, an Ethereum Layer 2 with native yield, boasts a $3 billion FDV potential, backed by Paradigm's $20 million investment. Its tech shines through auto-rebasing ETH and stablecoins, yielding 4-5% passively, far outpacing rivals. The June 2024 airdrop distributed 17% of supply, averaging 16,000 BLAST per user, but prices dipped from $0.03 to $0.018 amid sell-offs. Phase 2, ending June 2025, allocates 10 million tokens via points and gold, rewarding bridges and dApp usage. Risks loom: locked funds for months expose volatility, while sybil farming could dilute rewards. Despite hype, Blast's dApp ecosystem—featuring Thurster and Blaster—promises value, but users must weigh opportunity costs against potential 210% APY in delta-neutral strategies.
0 reply
0 recast
0 reaction