Airdrop of the Ethereum-based L2 network Blast token will take place in one week

What’s new? The team of the Ethereum blockchain-based Blast layer-2 (L2) network has reminded that the BLAST native token airdrop will take place in a week, and decentralized application (DApps) developers have until June 25 to distribute bonus points to users to count them. In addition, Externally Owned Accounts (EOAs) with bonus points must log in to the Blast interface at least once for them to be included in the list of participants in the free token distribution.

Source: X.com

What else is known? External addresses can be connected to the dashboard via invitation or linking to an existing account. Also, embedded wallets such as Privy must be connected to participate in airdrop.

Points and Gold points must be contained in the wallets to use them in airdrop, points remaining in smart contracts will be excluded from participation.

Blast is built on Optimistic Rollup scaling technology by the team at leading NFT marketplace Blur, led by Tieshun Roquerre. The project is positioned as a one-of-a-kind solution with native yields in ETH and stablecoins of 4% and 5% respectively.

Thus, users automatically become staking participants after depositing ETH, and connected stablecoins generate revenue by depositing them into third-party treasury bond tokenization protocols such as MakerDAO, with subsequent exchange into Blast USDB stablecoin with an automatic rebalancing mechanism.

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The network was launched in early access mode on November 21 last year, and within a month users had already invested over $1 billion in it. By the end of February, the total value locked (TVL) of Blast exceeded $2 billion. In terms of fundraising rates, it has significantly outpaced other L2 projects.

To date, the figure has remained at about the same level, according to DeFiLlama. The project ranks fourth in terms of TVL among Ethereum-based L2 networks.

Earlier this month, the Blast team began using blobs, which reduced the already low fees by about 10 times, to $0,01, The Block said. Such blobs were introduced to Ethereum as part of the Dencun hardfork in March. A similar technology will soon be implemented in the BNB Smart Chain network.

The BLAST tokens destined for Airdrop will be split 50/50 between Big Bang winning developers (Gold points) and early adopters (Points) based on their wallets and balances in DApps.

Over 3000 teams participated in the Big Bang competition and 47 winners were announced on February 24, including spot exchanges Ambient Finance, Thruster, and Bebop; derivatives exchanges Blitz, Bloom, and InfinityPools.finance; lending protocols Fragment, Juice Finance, and MetaStreet; social network Fantasy; and gambling, NFT gaming and infrastructure projects.

Gold points are intended to incentivize activity and, according to the Blast team, should also be distributed to users of these apps.

Bybit centralized crypto exchange (CEX) launched the BLAST token pre-market back on May 22.