On March 12th, the Ethereum network completed its long-awaited Shanghai update, which was designed to improve liquidity and provide validators and stakers with access to Ether they put down as a principal deposit and/or acquired as rewards from the network. Such an update not only resulted in lower network fees but also greatly impacted the crypto landscape by expanding the realms of possibility for those building on top of the network. This has led to an Ethereum-based L2, Blast, being the first one to introduce native yield for ETH and stablecoins on its network and to reach $1B TVL in 35 days.
The reason why the Shanghai update has played such a crucial role in the development of Blast is that it allows for the automatic transfer of Layer1 staking ETH yield to users. This is done with the help of auto-rebasing ETH and USDB, Blast’s native stablecoin, on the L2. Overall, Blast relies on auto-rebasing ETH, Layer1 staking, T-bill yield, and gas revenue distribution to deliver a pleas
We współpracy z: https://cryptodaily.co.uk/2024/01/the-first-launchpad-of-the-blast-ecosystem-is-live
