What is Blast L2? All about Blast Layer 2 Ecosystem and its Airdrop.

Learn about Blast Layer2, its growth, token launch, airdrop and its ecosystem project's Quests on Intract.

Feb 29, 2024

What is this BlastL2 thing everyone’s banging on about? People going nuts for invite codes on Twitter. With every Degen, Whale, and Newbie going CRAZY for Blast. How to get their Airdrop and where to find the Quest to increase your chances for Airdrop? If you are searching for such answers, you have landed at the right place.

This article is all about how you can become part of the Blast ecosystem and increase your chances of receiving an airdrop. We will be covering:

What is Blast L2?
Blast Ecosystem Growth
How to participate in Blast Layer 2 token Airdrop?
Blast Layer 2 Ecosystem Quests on Intract
Blast token Launch

What is Blast?

Blast is a Layer2 protocol that helps you earn, sounds fascinating right? According to Blast, it is Ethereum L2 with native yield for ETH and stablecoins. Blast is an EVM-compatible, optimistic rollup that raises the baseline yield for users and developers or projects without changing the experience web3 users expect. Blast officially launched its testnet on Nov 21 2023 and launched its Mainnet on 29th Feb as mentioned in Blast's official website.

As mentioned in the Blast X post, the yield comes from ETH staking and RWA (Real World Assets) protocols. The yield is routed back to Blast users automatically from these decentralized protocols. As such, it's technically feasible for users to earn a yield on their ETH or stablecoins on Blast. What makes Blast unique is offering yield to users whereas, other layer2 protocols don’t offer any yield.

💡 What are Layer 2 protocols: L2s are solutions built on top of a base blockchain (Layer 1) that help to increase the efficiency and scalability of a given network by moving most transactions off-chain.

Let’s simplify Blast for you: Imagine you have a piggy bank where you keep your allowance money. Now, imagine there's a magical piggy bank called Blast. When you put your money (in this case, digital money like ETH or stablecoins) into this magical piggy bank, it doesn't just sit there; it grows!

Blast is the first Layer2 protocol where if you have your ETH or stablecoins in your wallet on Blast, they will automatically be earning a 4% yield on Ethereum and a 5% yield on other stablecoins.
Blast is differentiating itself based on the native yield it offers, which is not offered by any other L2.
Blast founded by Pacman and other team members comes from from FAANG, Yale, MIT, Nanyang Technological University, and Seoul National University.
Blast Raised $20 million, backed by Paradigm and Standard crypto

Blast Ecosystem Growth(TVL of Blast)

TVL of Blast reached $2 Billion and it was also able to attract thousands of Developers. More than 167,131 community members are now earning yield + Blast Points. Blast ecosystem growth can be tracked on Dune.

BlastL2 Airdrop Guide (How to receive the Blast Airdrop)

According to Blast, Blast Airdrop is split between Early Access Members (50%) and Developers (50%). In this guide, we will be focusing on Airdrop for early access members, which is community. You will receive the airdrop (token) based on the points you accumulate until May 2024 and points can be redeemed for REDACTED (Term coined by Blast) in May.

Blast Airdrop Roadmap:

How to participate in Blast Airdrop:

Visit Website
Click on “Join early access”
Look for Invite code on Twitter/Discord or maybe from your friends.

After you add the invite code, you are all set to accumulate Blast points, and that’s where the actual games start.

How to Earn Points for Blast Airdrop:

You can earn Blast Points by bridging ETH or stablecoins. More points can be earned based on how much you bridge. Additionally, you will be eligible for a 4% yield on ETH and a 5% yield on your stablecoins. After you bridge your ETH or stablecoin, you will receive your referral code which can be shared to accumulate more points.
Note: You cannot withdraw your funds until their Mainnet(Feb).
Blast has designed an interesting referral(Invite) system. You earn points when your invites earn points and when their invites earn points. You become eligible for 16% more points when your invites earn points, and additionally, 8% points when their invite earn points.
Another way to earn points is through spinning the wheel. You will get 1 spin per week on every ETH bridged. These spins will unlock some points.
What is Blast Squad and How does it work?
Your team is made up of people you invited directly. When your squad deposits a total of 5 eth, you will be able to boost your luck and unlock 10 additional invitations. Your luck determines the likelihood of receiving the super spin, which can be valued up to ten times more than normal spins. Inviting Degens and whales increases your chances of accumulating more points.

Everyone is betting on Blast, the content flywheel has just started across X, Medium, and tons of KOLs talking about them. It would be fair to say that it's getting all the attention because of Pacman, whom everyone has known since the BLUR days.

BlastL2 Quests on Intract

Intract is officially collaborating with Blast ecosystem projects to host their quests, starting from 29th Feb. These Quests are designed to boost your chances of grabbing a spot in the BLAST airdrop allocation. This is also a golden opportunity to enhance your on-chain reputation on Blast Layer2. Questers have the opportunity to complete quests and increase their chance of airdrop for projects like LogX, Rubic Exchange, SynFutures, Interport, Owlto, Rhino fi, AllSpark, Flap, Metopia, Mangrove, etc.

Find below, detailed information about the Blast Ecosystem Project Quests on Intract.

Quest Schedule: Quests on Intract will kick off from 29th Feb 2024.

Duration: Blast Ecosystem project Quests on Intract will last for 4 weeks

Experience Points (XPs): Completing quests on Intract will strengthen the on-chain reputation and ensure a fair reward system.

NFT Rewards: Quest participants are eligible for multiple NFTs which are built on the Blast ecosystem along with the XP.

Explore the guided quests on Intract, tackle on-chain tasks, and unlock the full potential of your airdrop chances.

Blast Token Launch:

Blast has not said anything about its token launch yet, but everyone is speculating that “REDACTED” is going to be the token, launching in May 2024. Again, since the Blast team hasn’t released any detailed information yet, all we can do is speculate.

Conclusion:

Blast is the First L2 with a native yield option.
Blast yield is derived via ETH staking and RWA (Real World Assets) protocols.
TVL crossing $2bn+, with more than 150k users staking their assets.
Close to 100 projects are about to launch on the Blast ecosystem.
Blast Airdrop is split between Early Access Members (50%) and Developers (50%)
Blast is launching its Mainnet on Feb 29, 2024.
Points accumulated for the Airdrop can be redeemed for REDACTED(Might be their token).
Official Quest of Blast ecosystem projects is launching on Intract.
There is no confirmation on the Blast Token launch.

Web3 Growth by Intract

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