Last Updated on March 3, 2024 by cryptocreed
Blast Airdrop Invite Code: J7OO7
The only Ethereum L2 with native yield for ETH and stablecoins. Blast yield comes from ETH staking and RWA protocols. The yield from these decentralized protocols is passed back to Blast users automatically. The default interest rate on other L2s is 0%. On Blast, it’s 4% for ETH and 5% for stablecoins. Yield makes it possible to create new revenue streams and provide novel rewards for end-users. Users transact in ETH. Dapps are built around ETH. Blast was designed from the ground up so that ETH itself is natively rebasing on the L2.
Blast has raised $20 million from investors like Paradigm and Standard Crypto and has confirmed that it will do an airdrop for early users. They’ve launched their mainnet and users who sign up with an invite code, bridge ETH and invite friends will get airdrop points. Users who’ve bridged to Blast before the mainnet will get a 10x multiplier on their earned points. Interact with the dApps on Blast to earn Blast Gold. The airdrop points and Blast Gold will be convertible to BLAST tokens in May.
Visit the airdrop page for more updated airdrops.
How Blast Works
Auto Rebasing
Users transact in ETH. Dapps are built around ETH. Blast was designed from the ground up so that ETH itself is natively rebasing on the L2.
L1 Staking
Blast only became possible this year following Ethereum’s Shanghai upgrade. ETH yield from L1 staking, initially Lido, is automatically transferred to users via rebasing ETH on the L2.
T-Bill Yield
Users who bridge stablecoins receive USDB, Blast’s auto-rebasing stablecoin. The yield for USDB comes from MakerDAO’s on-chain T-Bill protocol. USDB can be redeemed for USDC when bridging back to Ethereum.
How To Join Blast Airdrop
Blast Code is a J7OO7.
- Visit the Blast website.
- You will need an invite code to access the platform.
- Enter our exclusive unlimited invite code “J7OO7” and access the platform.
- Follow them on Twitter and Discord and connect your wallet.
- Head to the Bridge section and transfer ETH or other tokens from Ethereum to Blast L2.
- You will need some ETH or other tokens supported on Blast to be eligible to bridge. You can get them on Binance.
- You will now start earning Blast points based on your bridged amount.
- You will also earn a 4% interest rate for ETH and 5% for stablecoins, whereas on other L2s, it’s 0%.
- Users who’ve participated in the “Early Access” campaign and have already deposited tokens will now need to move the tokens to Blast Mainnet to start earning points.
- All the early access participants will also get a 10x multiplier on the earned points, i.e. if you had earned 1,000 points in early access, then you will get 10,000 points. The bonus points can only be unlocked by reaching certain point milestones. The referral bonus will only be unlocked if your referrals also unlock their bonus.
- 50% of the Blast airdrop pool is for users, and the remaining 50% of the pool is for Blast developers.
- Developer points are called Blast Gold, and all the top projects have already allocated Blast Gold to their users.
- So, the users who interact with dApps on Blast will also get Blast Gold.
- They will also be launching a “Multiplier” campaign in which you could yet again increase your points. Multipliers can be earned by using certain highlighted Dapps. (Not yet live)
- All the earned airdrop points and Blast Gold will be converted to Blast tokens in May.
- Also, earn more points and Blast Gold from each referral.
- For more information regarding the airdrop, see this page.
