- Blast was supported by a $20Ms concern from notable backers similar Paradigm and Standard Crypto astatine launch.
- Blast is facing Ponzi strategy claims.
- Roquerre clarifies that Blast’s 4 to 5% output comes from reputable platforms similar Lido and MakerDAO.
In a caller twist of events, Blast has faced scrutiny and Ponzi strategy claims. However, the founder, Tieshun Roquerre, has vehemently denied these allegations.
Despite ongoing debates, the precocious launched Blast level has achieved a important milestone with a Total Value Locked (TVL) exceeding $400 million, emphasizing the platform’s accelerated maturation and unsocial features, including ‘Blast Points’ for assemblage engagement and an innovative attack to Layer 2 (L2) autochthonal output generation.
As the level gains attraction with a Total Value Locked (TVL) surpassing $400 million, Roquerre has sought to clarify misconceptions surrounding Blast’s innovative attack to output procreation and assemblage engagement.
What is Blast?
Launched successful an invite-only aboriginal entree mode, the Blast level has rapidly garnered attention, raising $20 cardinal from investors including Paradigm and Standard Crypto.
With a TVL exceeding $400 million, the platform’s unsocial features, specified arsenic ‘Blast Points’ for assemblage engagement, person contributed to its accelerated growth. The TVL milestone reflects assurance from investors and users alike, contempt ongoing debates astir the platform’s viability and security.
Blast positions itself arsenic the archetypal Layer 2 (L2) with autochthonal yield. Promising an EVM-compatible optimistic rollup, the level allows users to gain output connected stablecoins. By bridging assets similar USDC, USDT, and DAI to Blast, users enactment successful on-chain T-Bill protocols similar MakerDAO, receiving yields successful Blast’s auto-rebasing stablecoin, USDB.
Despite concerns astir a lockup play and the L2’s yet-to-be-launched status, Roquerre envisions Blast’s imaginable interaction connected reducing transaction costs and enhancing institutional-grade NFT perps.
Addressing Blast’s Ponzi strategy claims
Tieshun Roquerre, the laminitis of Blast, has responded to allegations labelling the level arsenic a Ponzi scheme.
Roquerre powerfully refutes these claims, emphasizing that Blast’s 4 to 5% output is sourced from reputable platforms similar Lido and MakerDAO. He points retired that these yields are a effect of Ethereum’s staking rewards and on-chain T-Bills, positioning them arsenic sustainable components wrong the crypto economy. Roquerre’s committedness to transparency aims to dispel misconceptions surrounding Blast’s fiscal model.
As Blast navigates its aboriginal stages, the cryptocurrency assemblage remains vigilant, observing the platform’s advancement and assessing its imaginable interaction connected the evolving scenery of crypto finance.
English (US) ·