Cryptocurrency Q&A
What is blast coin?
What is blast coin?
KpopHarmonySoulMateRadiance
Wed Nov 20 2024
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6 answers
1411
I recently encountered a term called 'blast coin' and I'm curious to know more about it. Could someone please explain what blast coin is and its significance in the current context?
6 answers
ZenBalance
Fri Nov 22 2024
Blast represents an advanced Ethereum Layer 2 solution designed to provide native yield for both ETH and stablecoins. This innovative approach allows users to benefit from their holdings in a unique and efficient manner.
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Tommaso
Fri Nov 22 2024
The native ETH yield offered by Blast originates from staked L1 ETH yield. This yield is then transferred to the rebasing ETH on the L2 layer, enabling users to enjoy enhanced returns on their Ethereum investments.
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CryptoGuru
Fri Nov 22 2024
In addition to ETH, Blast also supports USDB, an automatically rebasing stablecoin. This feature further expands the opportunities for yield generation within the Blast ecosystem.
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BusanBeautyBlooming
Fri Nov 22 2024
The yield for USDB is derived from MakerDAO's on-chain T-Bill protocol. This integration ensures that USDB holders can benefit from the stability and yield-generating capabilities of MakerDAO's robust financial infrastructure.
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Elena
Thu Nov 21 2024
As a top cryptocurrency exchange, BTCC offers a wide range of services to cater to the needs of its users. These services include spot trading, futures trading, and a secure wallet solution.
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