Blast token
Overview
Blast is an Ethereum layer-2 scaling solution that provides native yield on ETH and stablecoins deposited into the network. Its governance token, BLAST, is used for protocol governance and fee management. The project was launched by the team behind the Blur NFT marketplace.
Within the DeFi Intel graph, Blast connects to 2 tracked entities, most strongly to Blast Foundation, Blast.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued_by | Blast Foundation | 90% |
deployed_on | Blast | 85% |
More on Blast
Frequently asked questions
What is Blast?
Blast is an Ethereum L2 blockchain that generates yield automatically on user deposits of ETH and stablecoins, differentiating it from other L2s that do not natively offer yield.
How does Blast generate yield?
Blast generates yield by staking deposited ETH via Lido (stETH) and deploying stablecoins into MakerDAO’s DSR (DAI Savings Rate). This yield is automatically distributed to users on the network.
What is the BLAST token used for?
BLAST is the governance token of the Blast network, enabling holders to vote on protocol parameters, upgrades, and fee structures.
What is Blast connected to?
In the DeFi Intel knowledge graph, Blast is linked to 2 other tracked entities, most strongly to Blast Foundation, Blast.
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