Posted 12/28/2023, 6:11:10 PM
Blast Protocol Draws Over $1B in Deposits Ahead of Airdrop Despite Controversy Over Pre-Launch Bridge and Messaging
- Blast protocol has attracted over $1.1 billion in deposits ahead of its L2 network launch and token airdrop
- Depositors are earning yields of 4-5% on their crypto and accruing "Blast Points" for the upcoming airdrop
- Blast aims to compete in the Ethereum scaling solutions market against Polygon, Arbitrum etc.
- Controversy arose over the pre-launch bridge that locks deposits until 2024 withdrawls
- Blast's backers Paradigm criticized some of its messaging and policies, but remain invested