Ethereum

Blast

Yield

Gold

The integration of Blast L2 Mainnet with Onto’s latest update marks a significant milestone in the evolution of <a href="https://coingape.com/glossary/defi-decentralized-finance/" target="_blank" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a>. This seamless integration opens up new avenues for users to earn native yield on their <a href="https://coingape.com/ethereum-l2-blast-tops-835m-in-tvl-upgrade-plans-teased/" target="_blank" rel="noopener noreferrer nofollow">Ethereum L2</a> and stablecoin holdings. During the Early Access phase, the response from the community surpassed all expectations, with an impressive 181,888 community members actively participating in the Blast ecosystem. Together, they bridged assets worth an astounding $2.3 billion to Blast, demonstrating a high level of trust and confidence in the platform.
The <a href="https://coingape.com/ethereum-scaling-network-blast-goes-live-2-3b-freed/" target="_blank" rel="noopener noreferrer nofollow">success of Blast</a> during the Early Access phase is further highlighted by the substantial native yield generated by users. With a collective earning of $85 million per year in native yield, Blast proves its worth as a capital-efficient platform that caters to the needs of its community. This significant earning potential not only incentivizes users to participate actively but also showcases Blast’s ability to deliver tangible benefits to its users.
<h2 id="developer-adoption-and-dapp-ecosystem-growth">Developer Adoption and DApp Ecosystem Growth</h2>
The surge in developer interest ahead of <a href="https://coingape.com/ethereum-scaling-network-blast-goes-live-2-3b-freed/" target="_blank" rel="noopener noreferrer nofollow">Blast’s Mainnet</a> launch reflects the growing excitement surrounding the platform. Over 3000 teams have eagerly started building on Blast, eager to leverage its native yield capabilities and gas sharing primitives. These developers are pioneers in the DeFi space, exploring innovative solutions that harness the power of Blast’s ecosystem. By developing DApps that can only exist on Blast, they contribute to the platform’s uniqueness and appeal.
As Blast’s Mainnet goes live, it brings with it a wave of assets and community members, totaling $2.3 billion and 181,888 respectively. This influx of resources lays a solid foundation for the growth and expansion of Blast’s ecosystem. With a diverse range of DApps already in development, the Blast ecosystem is poised for rapid expansion, offering users a plethora of opportunities to explore and engage with innovative decentralized applications.
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<h2 id="distribution-of-blast-points-and-blast-gold">Distribution of Blast Points and Blast Gold</h2>
In a move to incentivize user engagement and reward developers for their contributions, Blast adopts a fair and transparent distribution model. The Blast Airdrop rewards are divided equally between Blast Points (users) and Blast Gold (DApps), ensuring that both stakeholders benefit from the platform’s success. This equitable distribution fosters a sense of community ownership and encourages active participation in the Blast ecosystem.
Blast Gold, distributed to DApps on a bi-weekly basis, serves as a token of appreciation for developers who contribute to the growth and development of the platform. Some developers choose to share their Blast Gold rewards with users, further enhancing the user experience and strengthening the bond between developers and the community. This collaborative approach to reward distribution reinforces Blast’s commitment to creating a vibrant and inclusive ecosystem where everyone has the opportunity to thrive.
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The post <a href="https://coingape.com/ethereum-l2-blast-integrates-with-onto-for-native-yield-update/" rel="noopener noreferrer nofollow">Ethereum L2 Blast Integrates with Onto for Native Yield Update</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Ethereum L2 Blast Integrates with Onto for Native Yield Update

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