blast

#RichardTeng On Nov. 21, 2023, #Blast , a new second-layer solution on Ethereum ($ETH ), caused unprecedented hype on social media. By press time, over $87 million in liquidity is injected into this on-chain bridge.
What is Blast, novel Ethereum staking L2: Highlights
Blast L2 protocol attempts to change the way Ether (ETH) is staked on-chain. It employs a number of eccentric mechanisms designed to offer more profitable and seamless staking for ETH holders.
Blast is promoted as a second-layer protocol on top of Ethereum (ETH), the largest programmable blockchain.
Per the statement of its team, Blast automatically stakes all injected crypto in #Lido and redistributes staking rewards between investors if its L2.
Also, users who bridge stablecoins, automatically get USDB, Blast's auto-rebasing stablecoin, to enjoy additional yield from MakerDAO's on-chain T-bill protocol.
Blast team will enable withdrawals on Feb. 24, 2024, while redemption of Blast Points is set to kick off in May.
The project siphoned over $87 million in Ether and stablecoins in less than 24 hours upon launch.
Image by 21 Shares via Dune Analytics
By press time, its TVL metric demonstrates over 20,000% daily growth, which makes it arguably the fastest growing L2 in Ethereum (ETH) history.
Blast, most overhyped Ethereum L2 in Q4, 2023
Blast, a novel L2 on Ethereum, is attempting to make ETH staking more profitable via the concept of "native yield."
Blast L2: Basics
Blast is the second-layer solution on the top of the Ethereum (ETH) blockchain. Per its official statement, Blast is developed by contributors of Blur, a dominant NFT marketplace. Also, it is said to be funded by heavyweight VCs Paradigm, Standard Crypto and Primitive Ventures with the participation of top angel investors Andrew Kang and Santiago Santos.
Simply put, the protocol attempts to offer more inclusive and profitable staking for ETH and stablecoin holders than its competitors.
With Blast, ETH itself is natively rebasing on the L2. Ether-denominated yield from an L1 staking protocol (initially Lido) is automatically transferred to users via rebasing ETH on the L2.
Blast attempts to integrate real-world assets into the ETH staking process. All of its customers who inject stablecoins get USDB, Blast's native asset. The yield for USDB comes from MakerDAO protocol pegged to U.S. 10-year T-bills.
Blast L2: When will the token arrive?
Blast released a three-step timeline for its operations:
Early access (already live from Nov. 21): Bridge goes live, Blast Points distribution starts.
Mainnet launch (expected on Feb. 24, 2024): dApps go live, ETH withdrawals enabled by team.
Redemption (expected in May 24, 2024): Blast Points redemption activated.
Users will only be able to withdraw what they inject into Blast three months after the start of its early access campaign.
Blast Ethereum L2: Risks
Besides the high volatility of cryptocurrency and other "regular" considerations necessary for crypto investors, there are some extra risks associated with the project so far:
Nobody can predict the price of Ether and associated assets on the day of the unlocking; the stakes-USD-denominated valuation can either spike or shrink.
Airdrop of token is not guaranteed; its rules are also yet to be announced.
Interest in building dApps on this L2 cannot be predicted.
As such, users should be extra cautious when working with every early-stage cryptocurrency protocol.#hodl #WLD

#RichardTeng تم اختراق جسر Heco، الذي يُستخدم لنقل الأموال بين سلسلة Heco الخاصة بـ HTX و#Ethereumnetwork ، مما أدى إلى سرقة حوالي 83.4 مليون دولار من العملات المشفرة.
من بين الأصول المسروقة كانت 42.11 مليون USDT، 10,145 Ethereum ($ETH ) بقيمة 20.42 مليون دولار، 489 HBTC بقيمة 15.63 مليون دولار و346.87 مليار توكن من Shiba Inu ($SHIB ) تساوي 2.75 مليون دولار.
شملت الخسائر الإضافية 173,200 UNI (932,000 دولار)، 610,000 USDC، 42,399 LINK (600,000 دولار) و347,000 $TUSD .

#BinanceTournament The cryptocurrency market is mainly trading sideways today.
#BTC chart by CoinStats
BTC/USD
Unlike other coins, the rate of Bitcoin ($BTC ) has risen by 0.51%.
Image by #tradingview
On the hourly chart, one should pay attention to the resistance level of $37,272. If its breakout happens, the price #Blast may lead to the test of the $37,500 zone soon.
Image by TradingView
On the daily time frame, the price of BTC needs more time to accumulate energy for a further move. The falling volume confirms such a statement.
In this regard, consolidation in the narrow range of $37,000-$37,500 is the more likely scenario until the end of the week.
Image by TradingView
On the weekly time frame, a further midterm rise is possible only if the rate gets back to the $38,000 zone and fixes above it. If that happens, there is a possibility to see a test of the vital zone of $40,000.
Bitcoin is trading at $37,248 at press time.#link

#RichardTeng محفظة Cardano الخفيفة Lace حصلت على ترقية سريعة. في تغريدة جديدة، أعلنت Lace عن إصدار النسخة 1.7.1، التي تمثل تحديثًا سريعًا قبل الإصدار الكامل التالي.
قبل أسبوع بالضبط، في 15 نوفمبر، تم إصدار النسخة 1.7 من Lace. الإصدار الفوري لتحديث سريع بعد هذا الإصدار، وفقًا لفريق Lace، جاء بناءً على ملاحظات المستخدمين.
اعترف فريق Lace بتلقي ملاحظات حول بعض الأخطاء من المستخدمين، والتي سعى لحلها على الفور وبالتالي استدعت إصدار النسخة 1.7.1. النسخة الجديدة 1.7.1 تأتي أيضًا مع تحسينات في التفاعل مع $ADA المقابض.

The Layer-2 platform Blast has finally announced the community airdrop on June 26, 2024. It's considerably later than originally anticipated!
On Twitter, the Blast project (a layer-2 solution for the Ethereum blockchain) has officially announced the postponement of the BLAST token airdrop to June 26th, later than the previously anticipated date of May 24th.
Notably, Blast will hold two additional rounds of distributing “Blast Gold” points before the official token airdrop. Blast Gold points are airdrop rewards specifically for decentralized applications (dApps) deployed on the Blast network. These dApps will then redistribute the points to their users.
Among them is Fantasy Top, a DEX trading card platform that just launched its mainnet earlier this month but quickly rose to the top 10 leading crypto protocols in terms of fees and revenue generated.
Half of the BLAST airdrop will be allocated through Blast Gold, while the remaining half will be for early users—those who deposited funds into Blast before its mainnet launch at the end of February.
Introduction to #Blast
Blast is a layer-2 blockchain project built on #Optimistic Rollups technology, fully compatible with Ethereum’s EVM environment. Blast’s differentiating factor is its goal to provide high interest rates for users depositing ETH and #Stablecoins on the platform—a feature no other layer-2 has achieved before.
The project made a splash by successfully raising over $20 million from top investment funds such as Paradigm, Standard Crypto, eGirl Capital, and even the famous figure Pacman—the founder of the NFT platform Blur.
Despite its recent launch, Blast has quickly become one of the most vibrant layer-2 solutions on Ethereum with a Total Value Locked (#tvl ) of up to $1.5 billion, trailing only behind Arbitrum and Base. This impressive figure is largely due to the enticing yield expectations promised by Blast.
The initial success of Blast is hoped to be further amplified after the upcoming token airdrop, solidifying its position in the increasingly competitive layer-2 market.
#GME