Bittime - Want to get BLAST tokens for free? Airdrop Blast comes as an exciting opportunity for you to start your journey in the world of DeFi (Decentralized Finance). We will explain the details and how to get it in this article!
By following these easy steps, you can maximize your chances of getting as many points and Blast Gold as possible. Get additional bonuses by inviting friends and using certain DApps to increase your points earning.
Airdrop Blast is a golden opportunity to be part of this innovative project and earn valuable tokens before it officially launches. Don't miss this opportunity to start your DeFi adventure.
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What is Blast?
Blast is a Layer 2 (L2) that offers immediate yield for ETH and stablecoins. Blast returns come from ETH staking and the Real-World Asset (RWA) protocol.
Results from this decentralized protocol are passed back to Blast users automatically. In contrast to other L2s which average 0% base interest, Blast offers 4% interest for ETH and 5% for stablecoins.
These returns allow Blast to create new revenue streams and provide attractive rewards to users. Transactions on Blast use ETH and the DApp (decentralized application) built on Blast also focuses on ETH.
Also read: Blast (BLAST) Ready to Launch Mainnet in the Near Future, TVL Reaches IDR 31.3 Trillion
In short, Blast is specifically designed to allow ETH to natively rebase on their L2.
How Does Blast Work?
Blast simplifies Ethereum staking, a process that usually requires manual management by users, and makes it automatic. When assets are bridged to the Ethereum mainchain in the Blast network, they are automatically staked, initiating a process that earns interest.
Blast's smart contract facilitates the collection of this interest, which is then automatically redistributed to users in the form of ETH and stablecoins.
How Does Blast Offer Yield?
Blast offers a yield of 4 % for ETH and 5% for stablecoins such as USDT, USDC, and DAI deposited on its network. This return is compounding, meaning that the interest is calculated based on the balance that continues to increase over time, not just on the initial deposit.
This native yield feature is supported by token rebasing and is based on a Risk-free Interest Rate (RFR) yield structure.
Yield 4% for ETH
Obtained through liquid staking on the Ethereum network. After the Merge, proof-of-stake (PoS) on the Ethereum network offered a 4% APR on staked ETH. Blast leverages this feature through partnerships with platforms like Lido, using staked user assets to generate yield.
5% Yield for Stablecoins
Stablecoins bridged to Blast are directed to T-bill protocols, such as MakerDAO, where they generate yield. Blast channels it to MakerDAO's T-bill protocol, and users receive USDB in Blast.
USDB accumulates stablecoin profits over time with a 5% APR, and users can exchange those assets for USDC when they bridge back from Blast.
Also Read How to Buy Crypto:
Details About Airdrop Blast
Blast has raised $20 million from investors such as Paradigm and Standard Crypto. To attract early adopters, Blast held an airdrop program.
Users who register early with an invite code, transfer ETH to Blast (bridge), and refer friends will earn airdrop points.
Also read: Blast Ecosystem Skyrockets with "Jackpot" Feature, Here's the Explanation!
50% of Airdrop Allocated to Blast Points
- Your wallet will automatically earn Points every block based on the ETH/WETH/USDB balance you have. You can see the points collected in real-time on the Blast.io Airdrop dashboard. The bigger your balance, the more points you get.
- You can increase points by transferring more assets to Blast.
- The points you earn will also increase over time due to the native yield on Blast (around 4% for ETH/WETH and 5% for USDB).
- ETH/WETH balances earn points in a fixed amount, while USDB balances earn points in a fluctuating amount depending on the current price of ETH. The USDB to ETH conversion rate for points will be updated every time you receive or send USDB.
50% of Airdrop Allocated to Blast Gold
- Blast Gold is specifically intended for DApps. Unlike Points, Blast Gold is distributed manually. The Blast incentive committee will distribute Gold every 2-3 weeks and announce publicly once it is distributed. You can check Blast.io's Airdrop page to see which DApps have received Gold.
- Blast Gold's goal is to serve as an incentive for DApp growth. This means DApps must give 100% of the Gold they receive to their users.
Invite Friends to Get Additional Points and Blast Gold
You will get a bonus of 16% of the points generated by the people you invite, and 8% of the points generated by the people you invite.
The more your friends use Blast and get points/Gold, the more points/Gold you get!
Get Points Multiplier (Multiplier) by Using Certain DApps
Points Multiplier will increase your points and speed up points earning. For example, if you have 100 points and you get a 2x Multiplier, then your points will be 200 and you will earn 40 points per hour (initially 20 points per hour).
You can earn Points Multiplier by using certain specially marked DApps. Blast hasn't launched the Points Multiplier feature yet, but the information is available.
All Airdrop Points and Blast Gold will be converted into BLAST tokens this May.
How to Get Airdrop Blast
- Visit the Blast website (https://blast.com/).
- Follow Blast on Twitter and Discord, then connect your wallet.
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Go to the Bridge section and transfer ETH or other tokens from Ethereum to Blast L2.
- You need a small amount of ETH or another token supported by Blast to qualify for the bridge. You can get it on exchanges like Binance.
- Now you will start earning Blast points based on the number you bridge.
- You will also get 4% interest for ETH and 5% for stablecoins, whereas in other L2 the interest is 0%.
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Conclusion
Airdrop Blast is an exciting opportunity to earn BLAST tokens for free. By following the steps above, you can maximize your chances of earning as many points and Blast Gold as possible.
Please note that this airdrop is still in development and some details may change. Be sure to keep up to date with Blast's latest announcements on their website and social media.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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