Blur (BLUR) NFT marketplace founder Pacman has launched a new Ethereum (ETH) layer-2 network, Blast, designed to enable its users to earn “native yields.”
In a Nov. 20 statement, the protocol explained how its novel approach differentiates it from other layer-2 networks. According to the team, Blast is an Ethereum Virtual Machine (EVM)-compatible, optimistic rollup that raises the baseline yield for users and developers without changing the experience crypto-natives expect. The protocol offers users a 4% yield for ETH and 5% for stablecoins like USDC.
“Blast yield comes from Ethereum staking and real-world assets protocols. The yield from these decentralized protocols is passed back to Blast users automatically.”
Though the mainnet launch is scheduled for February 2024, users can earn Blast Points when they invite others to the protocol.
Blast raised $20 million in a funding round led by venture capital firm Paradigm and Standard Crypto.
Data from CryptoSlate shows that the net
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