Tens of millions of dollars were transferred to a new project launched in the Ethereum ecosystem in a short time.
Blast, the Layer 2 project developed for Ethereum, 20 million dollars After receiving investment, it was made available with an early access version.
in Ethereum and stablecoins shortly after launching on the platform. from $30 million Too much money was transferred.
Users can passively earn returns on the Ethereum they send and additionally collect BLAST points.
“Blast directly supports ETH staking, and staking returns are transferred to L2 users and their applications,” the Blast team said in a statement. “We redesigned L2 from scratch so that if you have 1 ETH in your wallet on Blast, it automatically grows to 1.04, 1.09, 1.12 over time.” addition was made.
In order to withdraw the returns that users will receive from here mainnet in february It has to wait until it opens.
While the interest rate on other Layer 2 projects is 0%, Blast is 4% for Ethereum; It offers a 5% return rate for stablecoins.