Blast is an innovative Ethereum Layer 2 solution designed to provide native yield for ETH and stablecoins. Created by Pacman, the visionary behind the renowned NFT marketplace Blur, Blast is generating significant anticipation with its upcoming airdrop. This comprehensive guide will offer you all the essential tips and strategies to help you maximize your Blast Points and benefit from the airdrop.
What is Blast?
Blast leverages Optimistic Rollup technology to scale Ethereum, supporting a variety of decentralized applications (DApps) including decentralized exchanges (DEXs), lending platforms, derivatives, NFT finance (NFTFi), and social finance (SocialFi). One of its standout features is the ability for users to stake funds on Layer 1 protocols and receive rewards directly to their Layer 2 accounts. This capability allows users to effortlessly grow their funds simply by depositing assets into Blast, combining scalability and profitability in a unique manner within the Layer 2 space.
Pacman, also the developer of Blur, has successfully raised $60 million for the project from prominent investors like Paradigm, Primitive Ventures, and eGirl Capital.
Features of Blast
Blast offers several unique features that distinguish it from other Layer 2 solutions:
- Native Yield for ETH and Stablecoins: Blast provides a baseline interest rate of 4% for ETH and 5% for stablecoins, which is significantly higher compared to other Layer 2 platforms.
- Blast Points: Early users are rewarded with Blast Points, which can be redeemed for various benefits on the platform. Points are accrued based on the volume of assets bridged and the number of users invited.
- EVM Compatibility and Enhanced User Experience: As an optimistic rollup compatible with the Ethereum Virtual Machine (EVM), Blast ensures a seamless and familiar user experience with improved speed and security.
Will there be a Blast token airdrop?
Yes, Blast has confirmed an airdrop for its early access members, which is currently live. The Blast Airdrop rewards early adopters with Blast Points. These points can be earned by bridging assets to Blast, participating in protocols, and inviting friends to join. The points can be redeemed for various benefits and rewards in 26 June 2024.
How to get maximum Blast Points? Tips and strategies
Here are some strategies to help you maximize your Blast Points:
1. Get Invited to Blast (Invite Code: ABXCN)
To sign up for Blast, you will need an invite code. You can use one of the following free invite codes:
2. Bridge More Assets to Blast
The more ETH and stablecoins you bridge to Blast Layer 2, the more points you will earn. You can bridge ETH, USDC, USDT, or DAI to the platform. Keep in mind that withdrawals from the bridge will only be possible after the Blast Mainnet launches in February 2024.
3. Invite Your Friends
Increase your Blast Points by inviting friends to join Blast and bridge their assets. Share your invite link on social media platforms to maximize your rewards.