Blast Transitions $1.6B to New Yield Manager Contract, Launches Mainnet After Hitting $2B Deposits Despite Recent Exit Scam
• $1.6 billion in assets bridged from original Blast deposit contract to a new "ETH Yield Manager" address • Movement of funds was within Blast network, not withdrawn entirely • Blast launched mainnet this week after amassing over $2B in deposits to its layer-2 network • Blast aims to reward yields to users through staking of tokens • Blast ecosystem saw first exit scam this week with "RiskOnBlast" disappearing with $1.3M in ether