Introduction
Blast, an emerging Ethereum Layer 2 (L2) solution, stands out by introducing native yield generation for ETH and stablecoins. Blast strongly emphasizes countering asset depreciation by offering interest rates of 4% for ETH and 5% for stablecoins deposited on the network. The project attracted significant investment, raising $20 million from influential backers such as Paradigm, Standard Crypto, eGirl Capital, Primitive Ventures, and Andrew Kang.
The project's development is spearheaded by Pacman, who founded Blur, a leading NFT marketplace on Ethereum. They recently opened deposits and airdrop farming, attracting over $230m TVL so far.
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