Why Blast?

Overview of Blast - Ethereum L2 with Native Yield

What Makes Blast Unique?

Blast stands out as the only Ethereum Layer 2 (L2) solution offering native yield for ETH and stablecoins. It is distinctively designed to pass back the yield generated from decentralized protocols like ETH staking and Real-World Asset (RWA) protocols directly to its users. Unlike other L2s where the default interest rate is typically 0%, Blast provides a baseline yield of 4% for ETH and 5% for stablecoins.

The Need for a New L2

The rationale behind creating Blast stems from the post-merge scenario of Ethereum, where ETH provides a 4% yield, and on-chain T-Bill protocols offer a 5% yield on stablecoins. Existing L2 solutions do not incorporate these yields natively. Hence, Blast was developed as an EVM-compatible, optimistic rollup to elevate the baseline yield for users and developers while maintaining a familiar experience for crypto enthusiasts.

Working Mechanism of Blast

• Auto Rebasing: On Blast, ETH rebases natively for Externally Owned Accounts (EOAs) and can opt-in for smart contracts. Blast's native stablecoin, USDB, also rebases automatically for both EOAs and smart contracts, with an opt-out feature for the latter.

• L1 Staking Integration: Following Ethereum’s Shanghai upgrade, Lido’s staked ETH yield is transferred to users on Blast via rebasing. Blast is open to future community-driven integrations for staking solutions.

• T-Bill Yield for Stablecoins: Users bridging stablecoins to Blast receive USDB, with yield derived from MakerDAO’s T-Bill protocol. USDB can be redeemed for USDC upon returning to Ethereum, with potential for future community-guided protocol integrations.

Why nazca.money Builds on Blast?

Nazca.money chose Blast for its foundational infrastructure due to Blast's unique native yield features and innovative design. The automatic rebasing of ETH and stablecoins on Blast aligns perfectly with nazca.money’s vision of maximizing returns for its users without compromising the user experience. The inherent yield capabilities of Blast offer nazca.money a platform to create novel DeFi business models and opportunities, which are not feasible on other L2s. This strategic alignment enables nazca.money to leverage Blast's advanced features to deliver enhanced value and efficiency in its DeFi offerings.