Blast developer airdrop and testnet will be launched in January next year

The official website of Blast, the L2 network launched by Blur founder Pacman, shows that the Blast Developer Airdrop will be launched in January next year, when the Blast test network will also be launched. 50% of the Blast airdrop share is allocated to developers. According to its roadmap, Blast plans to go online on the mainnet on February 24, 2024, and will launch DApps and open withdrawals; airdrops will be distributed in May, and Blast Points will be supported to “redeem” on May 24. According to previous news, Blast, a Layer 2 network based on Optimistic Rollup, announced the completion of US$20 million in financing. Paradigm, Standard Crypto, eGirl Capital, Mechanism Capital co-founder Andrew Kang, Lido strategic consultant Hasu, The Block CEO Larry Cermak and others participated in the investment. It is reported that Blast was jointly created by Blur founder Pacman and a team with rich experience in MakerDAO, MIT, Yale University, and Seoul National University. Blast said that the base interest rate for existing Layer 2 is 0%, and Blast is an Ethereum Layer 2 with native yields on ETH and stablecoins. Blast natively participates in ETH staking, and the staking proceeds will be fed back to Layer 2 users and DApps. On Blast, users’ balances are automatically compounded and they earn additional Blast rewards. Blast believes this advantage alone could attract $20 billion in liquidity. Blast Early Access is now online and is only open to invitees. Everyone who joins will be rewarded with Blast Points. Users who gain access can earn earnings (4% for ETH and 5% for stablecoins) and Blast Points before the mainnet goes live in February 2024.