In summary:
- Blast is an L2 blockchain built on the basis of Optimistic Rollup.
- Created by Pacman and the team behind MakerDAO and Blur.
- Raised $40 million from the Blur ecosystem and raised $20 million with the participation of Paradigm, Standard Crypto, eGirl Capital and investors Andrew Kang, Larry Cermak.
- Provides 4% native income on ETH and 5% on stables (USDC, USDT, DAI)
- Can farm Blast Points before Mainnet launches in February 2024. Get Farmed Blast Points will be possible on May 24, 2024.
- Withdrawal of bridged funds will be available only on the Mainnet on February 24, 2024.
- Registration is by invite only.
- Invites to register in Blast: (change ru to en in the link https://blast.io/en/ if it gives an error) < br> blast.io/CA29H
blast.io/2QOXV
blast.io/ OFMZR
blast.io/ENIHN
blast.io/7JQ4R
blast.io/FFFXQ
blast.io/QR9XM
blast.io/PK37S - Using invitations, users can create groups. When a group reaches 5 ETH, they can unlock super spins (10 times the normal spins) and 10 additional invites.
- To receive a permanent invite, you need to send 20 ETH based on your invites.
Risks:
- At the moment there is no L2 contract, everyone is launched on multisig.
- Possible scam pyramid
- Funds locked until February
- Possible hack and no audits < /ul>
- Follow the link available for invite (change ru to en in the link https://blast.io/en/ if it gives an error)
blast.io/CA29H
blast.io/2QOXV
blast.io/OFMZR< !--/noindex-->
blast.io/ENIHN
blast.io/7JQ4R
blast.io/FFFXQ
blast.io/QR9XM
blast.io/PK37S - Connect Twitter, discord, wallet
- Then go to bridge and transfer your ETH
Dashboard on Dune:
https://dune.com/hashed_official/blast
At the time of writing, more than 15 thousand ETH from 16 thousand addresses were collected. On average, they deposit just over 0.9 ETH.
The registration process is extremely simple:
Opinions from Twitter
According to message from user 0xScope, the collected funds are transferred to LidoFinance and MakerDAO:
Adam Cochran is indignant as usual:
Adam Cochran: So...
Blast is just a multisig wallet , which contributes your assets to Lido and Maker to earn income and "points" for L2, which is not yet launched and from which you cannot leave
And you can earn additional points by inviting people to join. into a one-way deposit...
Did I understand everything correctly?
For example, you can simply deploy OP Stack in 15 minutes
Paradigm actually invests in. companies that do this...
Since when did the bar become so low?
Crypto enthusiast Fabian D. reflects on the size of the drop and the assessment of the project:
Fabian D. < a rel="nofollow" href="https://">: Let's quickly calculate the expected profit from staking BLUR
Let's assume that Blast L2. starts with a valuation of $1 billion and allocates 5% of the total supply for Blur incentives. These incentives are divided equally between farmers and stakers. Therefore, BLUR holders will receive an airdrop worth $25 million.
If approximately 70% of all available coins. is participating in staking, this would be $250 million at current prices, with a return of 10% for 6 months or an APY of 20%.
These calculations can be adjusted to your own assumptions. I believe that the valuation of $1 billion is. this is probably a conservative estimate at launch. Consider this as a minimum level
I chose 5% for incentives since they will be giving out tokens to users and developers on their own platform. used for airdrops, split into 10% for users/developers and 5% for Blur rewards.
This is a good return for 6 months from owning BLUR. Early staking participants will earn more due to bonuses, and there is a chance that returns will be higher if Blast L2 actually launches successfully.
There are those who do not read the terms:
Twitter user Harrison suggests that this is a pyramid:
Harrison : Blast will end up being a pyramid scheme.
This tweet will be used in court next year.
Take part and become part of history.
Another skeptic:
Tytan.eth: Wait, I thought This is a joke, but this is a real diagram of the Blast L2 invitation system.
Dudes, this is a real financial pyramid
Crypto enthusiast under the nickname Sisyphus warns:
User foobar is inspired, but admitted that he is an investor:
foobar: Excited about this experiment with returns from ETH and stables as the main L2 asset, as well as the successfully implemented gamification.
Disclosure: I am an investor.
Another Twitter user about the scheme:
: You must give your pyramid scheme sophistication, and not advertise it that way.
User Hasu is positive:
< a href="https://twitter.com/hasufl/status/1726874419648496014" rel="nofollow" target="_blank">Hasu: Blast wants to make profitable ETH ( such as stETH) and USD (like DAI) are the standard in the world of cryptocurrencies. I hope other blockchains follow Blast's lead.
I am very happy to support the talented team in their endeavor.
Summary
We believe that the project has the potential to exit with FDV at the Optimism and Arbitrum ($7-10 billion), especially considering the participation of the skillful guys from Blur and the support of the Paradigm fund. And there is no doubt that the token will be listed on all top exchanges.
In fact, we participate in something like an ICO, block tokens, and then receive bonus points. Everything is like in 2017, when we simply threw money into projects into their personal wallets.
At the moment there is no set limit, that is, you can deposit as much as you like, at your own peril and risk.
There is a possibility that the project will restake the collected ETH into EigenLayer, since they are currently staking into Lido, and ETH staked there can be restacked into EigenLayer.
