Value of Blast Across Web3: Part One

What sets Blast apart from any other L2 network in blockchain right now? For anyone who knows the project, the main answer is simple yet has many beneficial implications: Native Yield.

As it stands, Blast is the only Ethereum L2 that supports native yield. It was built from the ground up following the Ethereum Shanghai upgrade, creating an opportunity that Web3 had yet to see.

The basic principle is straightforward: staking ETH and USDB (the native stablecoin) on Blast provides a yield of 4% and 15% (up from 5% to 15% following MakerDao’s yield update), respectively, that other L2s simply cannot match. This is not just a massive incentive for users and developers alike but a thrilling prospect that holds unseen potential across the entirety of Web3.

But how, you ask? Don’t worry; continue as we explore the many opportunities across sectors.

GameFi

GameFi took off on the premise that gamers could earn a passive income just by doing what they love.

This is a fantastic opportunity, especially in areas where mobile gaming is already incredibly popular; however, it has always had one major obstacle: the entry point. The cost of getting started in these play-to-earn games was a deterrent for many, whether they didn’t want to risk their investment or it was simply unaffordable for players. This is where Blast can change the game (pardon the pun).

Using Blast’s native yield can create free P2E gaming by utilising the rewards from staking ETH or USDB to cover the initial buy-in cost, lowering the entry point for gamers worldwide.

That’s not all. Players could stake on Blast to earn yields if games offered in-game rewards in ETH or USDB. This added earning potential enhances player engagement and loyalty, as players benefit financially from their time spent in the game.

DeFi

It’s easy to see the benefits of native yield in the DeFi space for users. After all, who doesn’t want their money to make more money?

However, Blast’s native yield can also transform the landscape of financial products and services. Its consistent and competitive yields make it a prime choice for decentralised savings accounts, lending platforms, and automated investment strategies.

Let’s take the lending platform idea for a spin. Users could deposit their ETH or USDB, earn significant yields, and then use their deposited assets as collateral for loans. This would not only maximise their returns but also provide a reliable income stream for lenders, thereby enhancing liquidity and stability in the DeFi ecosystem.

DAOs

Making your money work for you doesn’t just have to work on an individual user basis; it compounds with the more you stake, making it perfect for DAO treasuries!

Blast’s native yield offers DAOs a means to grow their funds securely and reliably. By staking the organisation’s holdings in ETH or USDB, DAOs can generate a steady income stream, which can be reinvested into projects, governance initiatives, or community incentives.

This also means that the yield can cover development, operational, and other costs while the treasury stays untouched and generates further income.

Metaverse

The metaverse is continuously expanding, and as it does, so do the economic systems that support it. Simply put, money makes the (virtual) world go round.

Blast’s native yield can provide a foundation for these economies, enabling users to earn and grow their virtual wealth through staking. A metaverse platform partnered with Blast could allow users to earn USDB or ETH through various activities such as virtual real estate transactions, digital services, or content creation. 

By staking these earnings on Blast, they can generate passive income, contributing to a more dynamic and sustainable virtual economy.

Value Across the Board

Blast’s native yield is a game-changer for Web3, creating unique opportunities to earn and grow, no matter your sector. 

The value provided by Blast across such a wide variety of sectors will ensure a broad and diverse selection of project launches for BlastOff’s YIDO Launchpad platform. With the value and opportunities on the table, it’s easy to foresee projects from all corners of Web3 that are looking to launch on Blast.

By staking ETH or USDB, users and projects can enjoy significant yields and unlock new possibilities, and the BlastOff launchpad is primed and ready to help projects take advantage.

Stay tuned; next week, we’ll be delving deeper into the Blast ecosystem in Part Two!

What is BlastOff?

BlastOff, built on Blast, is a game-changing platform combining a launchpad and yield aggregator.

It maximises user yields using Blast Native Yield and YZone, plus YIDOs, for extra returns by funding new Blast projects. Unlike other blockchains, Blast's unique infrastructure and native yield potential enable innovative, yield-focused products.

BlastOff taps into this, aiming to grow the Blast community and lead in Total Value Locked (TVL) by developing community-focused products. Our team includes experienced launchpad developers and veteran strategists to propel our mission.

Watch this space as we’ll be updating you on some exciting developments on BlastOff! Be ready; some huge announcements are coming soon!

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