Blast

Blast is an Ethereum Layer 2 (L2) solution that uniquely offers native yield for both ETH and stablecoins. Unlike other L2 protocols that do not provide any yield, Blast automatically distributes yield from Ethereum staking and on-chain T-Bill protocols directly to users.

Specifically, Blast provides a 4% yield on ETH and a 5% yield on stablecoins through its auto-rebasing mechanism. This feature automatically adjusts user balances to reflect the accrued yield, ensuring that both ETH and Blast's native stablecoin, USDB, grow over time.

Blast's yield generation is facilitated by integrating with protocols like Lido, which transfer Ethereum staking rewards to Blast users. Additionally, Blast users who bridge stablecoins receive USDB, whose yield is derived from MakerDAO's on-chain T-Bill protocol. This approach allows Blast to offer competitive yields without requiring users to actively manage staking or lending.

Beyond yield, Blast incorporates a unique gas revenue sharing model. Unlike other L2 solutions that retain gas fee revenue, Blast redistributes this revenue back to DApps programmatically, allowing developers to either keep the revenue or use it to subsidise gas fees for their users.[1] This feature promotes a more cost-effective and attractive environment for DApp usage on the Ethereum network.

The combination of native yield and gas revenue sharing makes Blast a comprehensive L2 solution that enhances the user and developer experience compared to other Ethereum scaling options.