Blast is the L2 that helps you earn
The only Ethereum L2 with native yield for ETH and stablecoins.
Other L2s don't have yield, so the value of your assets depreciate over time.
Blast is the first L2 that incorporates native yield. Your balance on Blast compounds automatically.
Blast yield comes from ETH staking and RWA protocols. The yield from these decentralized protocols is passed back to Blast users automatically. The default interest rate on other L2s is 0%. On Blast, it's 4% for ETH and 5% for stablecoins.
Our goal as contributors is to grow the on-chain economy with the highest-yield L2 possible. Community members who join our mission will have the opportunity to earn the Blast Airdrop. The first stage of the airdrop is [now live].
How Blast works
Users transact in ETH. Dapps are built around ETH. Blast was designed from the ground up so that ETH itself is natively rebasing on the L2.
Blast only became possible this year following Ethereum's Shanghai upgrade. ETH yield from L1 staking, initially Lido, is automatically transferred to users via rebasing ETH on the L2.
Users who bridge stablecoins receive USDB, Blast's auto-rebasing stablecoin. The yield for USDB comes from MakerDAO's on-chain T-Bill protocol. USDB can be redeemed for USDC when bridging back to Ethereum.
Why a new L2
The risk-free rate on existing L2s is 0%. It's time to change that.
After the merge, Ethereum provides 4% yield on ETH. On-chain T-Bill protocols provide 5% yield on stablecoins. If users do not match or beat these rates, they are losing money to a form of inflation.
L2s today do not have this yield. Incorporating ETH and stablecoin yield natively requires a new L2 designed from the ground up. Blast is an EVM-compatible, optimistic rollup that raises the baseline yield for users and developers without changing the experience cryptonatives expect.
Who we are
The Blast Community Airdrop is split between Early Access Members (50%) and Developers (50%).
The Early Access airdrop is now live. You can earn airdrop points by bridging to Blast and inviting friends. Airdrop points can be redeemed in May.