BLAST

1.Project introduction

Blast yield comes from ETH staking and RWA protocols. The yield from these decentralized protocols is passed back to Blast users automatically. The default interest rate on other L2s is 0%. On Blast, it’s 4% for ETH and 5% for stablecoins.

After the merge, Ethereum provides 4% yield on ETH. On-chain T-Bill protocols provide 5% yield on stablecoins. If users do not match or beat these rates, they are losing money to a form of inflation.

L2s today do not have this yield. Incorporating ETH and stablecoin yield natively requires a new L2 designed from the ground up. Blast is an EVM-compatible, optimistic rollup that raises the baseline yield for users and developers without changing the experience cryptonatives expect.

This yield makes it possible to create new business models for Dapps that aren’t possible on other L2s.

2.Token application and distribution

Token application:

BLAST will be used to govern and control key parameters of the

Blast chain and align incentives with the Blast community.

Token distribution:

Community – 50,000,000,000 (50%)

Blast's success is only due to the community of users and builders that

contribute to the ecosystem. 50% of the total BLAST supply is reserved for

the community and will be distributed through incentive campaigns. 100% of

this allocation will go directly to the community. The community allocation

unlocks linearly over 3 years from the date of the TGE and any distributions

will be according to schedules determined by the Blast Foundation.

Core Contributors – 25,480,226,842 (25.5%)

All tokens distributed to core contributors are subject to a 4 year lockup

period, with 25% of the core contributor tokens unlocked 1 year after the date

of the TGE, followed by a linear unlock each month over the following 3 years.

Investors – 16,519,773,158 (16.5%)

All tokens distributed to investors are subject to a 4 year lockup period, with

25% of the investor tokens unlocked 1 year after the date of the TGE,

followed by a linear unlock each month over the following 3 years.

Blast Foundation – 8,000,000,000 (8%)

The Foundation allocation will be held in reserve to be used towards critical

infrastructure and further growing the Blast ecosystem. The Foundation

allocation is unlocked linearly over a 4 year period from the date of the TGE.