Blast, an Ethereum layer-2 scaling solution, has officially launched its mainnet, signifying a big moment in the world of cryptocurrencies. The project was introduced to the public alongside a bridge and rewards campaign in November. However, the launch is a major milestone for this growing technology.
While there are other L2s, it stands out with native yield because both ETH and stablecoin balances on Blast automatically become yield-bearing, thereby increasing capital efficiency for users and opening up possibilities for decentralized applications (DApps).
Additionally, its innovative approach towards user and developer incentives is emphasized by auto-rebasing of ETH and USDB, L1 staking integration, T-Bill yield mechanisms, and gas revenue sharing which are among the unique features of the network.
An impressive 181,888 community members facilitated during the early access phase, bridging $2.3 billion to the network, consequently leading to huge rewards. They’re currently among the engaged community members earning around $85 million yearly for native yield as well as Blast Points.
Over three thousand teams have started developing on the network prior to Mainnet’s launch and creating innovative DApps that depend on its native yield as well as gas-sharing primitives. Therefore, today marks the beginning of a new era for the platform with the introduction of its mainnet involving 181,888 community members and a 2.3 billion influx. Thus, Mainnet users get to keep earning points, while Mainnet Dapps will start earning Blast Gold.
SynFutures V3 Launch On Blast Mainnet
Meanwhile, SynFutures, a decentralized derivatives exchange, has just released its latest version, V3, on the Ethereum Layer 2 Blast mainnet. This launch coincides with the network’s mainnet debut that harmonizes two cutting-edge platforms within the Ethereum ecosystem. V3 of SynFuture comes with Oyster Odyssey, a points rewards program to provide more benefits to users.
Rachel Lin, co-founder and CEO of SynFutures, said:
Interacting with SynFutures can qualify users for Oyster Odyssey points as well as Blast points. We’re also committed to giving 100% of our Blast developer airdrop back to users, so they’ll enjoy plenty of benefits.
Nevertheless, this strategic alliance on the Ethereum Layer 2 ecosystem is a turning point to motivate innovation and popularize widely. In return, the ecosystem will also develop different decentralized solutions that can give broader access and value within the industry as the network evolves further while SynFutures increases what it gives out.