Blast Native Yield
Last updated
Last updated
ETH itself, not WETH, STETH, or any other ERC20, is natively rebasing on the L2. The ETH balance for EOAs is automatically rebasing. Smart contracts can opt-in to this rebasing, making it easy to existing Dapps to deploy on Blast without any changes.
USDB, Blast’s native stablecoin, is automatically rebasing as well. Like ETH on Blast, USDB is automatically rebasing for EOAs. USDB is also automatically rebasing for smart contracts. Smart contracts can opt-out from this rebasing.
Blast only became possible following Ethereum’s Shanghai upgrade. ETH yield from L1 staking, initially Lido, is automatically transferred to users via rebasing ETH on the L2.
In the future, the Blast community will have the power to supplement, or even fully replace, Lido Blast-native solutions or other third party protocols.
Users who bridge stablecoins receive USDB, Blast’s auto-rebasing stablecoin. The yield for USDB comes from MakerDAO’s on-chain T-Bill protocol. USDB can be redeemed for USDC when bridging back to Ethereum.
In the future, the Blast community will have the power to supplement, or even fully replace, MakerDAO with Blast-native solutions or other third party protocols.
Other L2s keep revenue from gas fees for themselves. Blast gives net gas revenue back to Dapps programatically. Dapps developers can keep this revenue for themselves or use it to subsidize gas fees for users.
