As more and more users seek to earn passive income through staking, an emerging Ethereum Layer 2 solution is causing a stir in the DeFi space. The L2 project Blast, led by Tieshun Roquerre, the founder of the NFT trading platform Blur, has attracted massive attention since its launch due to its unique native yield mechanism. As of November 2023, Blast has locked over $300 million in TVL and attracted more than 50,000 users, a number that continues to rise.
But the question arises - is such a high return really credible? From technical architecture to risk assessment, let's delve into this controversial L2 project.
Unlike other L2s: How does Blast's native yield come about?
Blast claims to be the only Ethereum L2 that provides native yields on ETH and stablecoins. The key here lies in the word "native" —