Difference between revisions of "Blast (BLAST)"

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Basics
Blast (preannounced [[Layer Two|L2]]) is built and promoted by [[Blur (BLUR)|Blur]] as native yield, taking deposits (no withdrawal), controlled by 3/5 [[Multi-Signature|multisig]], pyramid style rewards, [[Ethereum (ETH)|ETH]] deposits being invested via [[Lido (LDO)|Lido]]
 
==Basics==
*Based in:
*Started in / Announced on: [https://www.dlnews.com/articles/defi/blast-draws-110m-as-investors-seek-yields-and-airdrops/ 20-11-2023]
*[[Testnet]] release: Aiming for 1-2024 (11-2023)
*[[Mainnet]] release: Aiming for 2-2024 (11-2023)
==History==
==Audits & Exploits==
*[[Bug bounty]] program can be found [insert here].
===Bugs/Exploits===
==Governance==
===Admin Keys===
 
* Has a [https://twitter.com/jarrodWattsDev/status/1727584394796323042 3 out of 5] [[multisig]] that can upgrade and take funds (23-11-2023). Signers are unkown.
 
===DAO===
===Notable Governance Votes===
===Treasury===
==Token==
===Launch===
===Token Allocation===
===Inflation===
===Utility===
====Burns====
===Other Details===
==Coin Distribution==
==Technology==
*[[Whitepaper]] or docs can be found [insert here].
*Code can be viewed [insert here].
*Consensus mechanism:
*Algorithm:
*[[Virtual Machine (VM)|Virtual Machine]]:
*Development language used:
====Transaction Details====
*Capacity ([[TPS]]):
*[[Latency]]:
===How it works===
 
* [https://www.dlnews.com/articles/defi/blast-draws-110m-as-investors-seek-yields-and-airdrops/ From] [[DeFi Llama]] (22-11-2023):
 
''"Promises profit-sharing features — native yield and [[gas]] revenue share. The 4% Ether yield offered to Blast depositors is generated from liquid staking protocol [[Lido (LDO)|Lido’s]] yield for staked Ether, while the 5% stablecoin yield comes from [[Maker DAO|MakerDAO’s]] so-called DAI Savings Rate."''
 
===Fees===
===Upgrades===
===Staking===
====Validator Stats====
===Liquidity Mining===
===Scaling===
===Interoperability===
===Other Details===
==Oracle Method==
==Their Other Projects==
==Roadmap==
*Can be found [Insert link here].
==Revenue==
==Usage==
 
* The [[Total Value Locked (TVL)|TVL]] of Blast has [https://twitter.com/lookonchain/status/1728607402541621435 exceeded] (26-11-2023) $518M, including 219K $ETH ($455M).
* ''"Holds over $135 million worth of crypto assets consisting of [[Ethereum (ETH)|Ether]], [[Lido (LDO)|Lido]] staked Ether, and [[Maker DAO|MakerDAO’s]] stablecoin DAI. The blockchain itself is not yet operational or even in testing, yet investors have been quick to pour funds into the project’s so-called bridge [[Smart Contract (SC)|contract]] on Ethereum."'' ([https://www.dlnews.com/articles/defi/blast-draws-110m-as-investors-seek-yields-and-airdrops/ 22-11-2023]).
 
===Projects that use or built on it===
==Competition==
==Pros and Cons==
===Pros===
===Cons===
 
* [[Multi-Signature|Multisig]] with god mode powers.
* You “bridge to a random layer that has nothing to do with a real, technically implemented layer — which would inherit security from the layer 1 — and you lockup your funds to participate in an imaginary points system for a potential future airdrop." as [https://twitter.com/jrmr92/status/1726873183951667378 said] by [[Julian Richter]].
 
==Team, Funding and Partners==
===Team===
*Full team can be found [here].
*Tieshun Roquerre, who goes by Pacman is [https://www.dlnews.com/articles/defi/blast-draws-110m-as-investors-seek-yields-and-airdrops/ founder of both] [[Blur (BLUR)|Blur]] and Blast
===Funding===
 
* Blast has secured [https://www.dlnews.com/articles/defi/blast-draws-110m-as-investors-seek-yields-and-airdrops/ $20 million] in [https://blast.io/en funding] from [[Paradigm]], [[CL]], [[Degen Spartan|DegenSpartan]], [[Andrew Kang]] and [[Santiago Roel Santos|Santiago]] (22-11-2023).
 
===Partners===
==(:==
Knowledge empowers all and will help us get closer to the [[decentralised|decentralized]] world we all want to live in!
 
Making these free wiki pages is fun but takes a lot of effort and time.
 
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.
 
[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31

Revision as of 03:46, 27 November 2023

Blast (preannounced L2) is built and promoted by Blur as native yield, taking deposits (no withdrawal), controlled by 3/5 multisig, pyramid style rewards, ETH deposits being invested via Lido

Basics

  • Based in:
  • Started in / Announced on: 20-11-2023
  • Testnet release: Aiming for 1-2024 (11-2023)
  • Mainnet release: Aiming for 2-2024 (11-2023)

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

  • Has a 3 out of 5 multisig that can upgrade and take funds (23-11-2023). Signers are unkown.

DAO

Notable Governance Votes

Treasury

Token

Launch

Token Allocation

Inflation

Utility

Burns

Other Details

Coin Distribution

Technology

  • Whitepaper or docs can be found [insert here].
  • Code can be viewed [insert here].
  • Consensus mechanism:
  • Algorithm:
  • Virtual Machine:
  • Development language used:

Transaction Details

How it works

"Promises profit-sharing features — native yield and gas revenue share. The 4% Ether yield offered to Blast depositors is generated from liquid staking protocol Lido’s yield for staked Ether, while the 5% stablecoin yield comes from MakerDAO’s so-called DAI Savings Rate."

Fees

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Revenue

Usage

  • The TVL of Blast has exceeded (26-11-2023) $518M, including 219K $ETH ($455M).
  • "Holds over $135 million worth of crypto assets consisting of Ether, Lido staked Ether, and MakerDAO’s stablecoin DAI. The blockchain itself is not yet operational or even in testing, yet investors have been quick to pour funds into the project’s so-called bridge contract on Ethereum." (22-11-2023).

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

  • Multisig with god mode powers.
  • You “bridge to a random layer that has nothing to do with a real, technically implemented layer — which would inherit security from the layer 1 — and you lockup your funds to participate in an imaginary points system for a potential future airdrop." as said by Julian Richter.

Team, Funding and Partners

Team

  • Full team can be found [here].
  • Tieshun Roquerre, who goes by Pacman is founder of both Blur and Blast

Funding

Partners

(:

Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31

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