Blast is an innovative Ethereum Layer 2 (L2) solution with standout features such as native yield for Ethereum (ETH) and stablecoins, which are generated from ETH staking and Real-World Asset (RWA) protocols. Compared to other Layer 2 platforms with zero interest, Blast offers a 3.4% yield for ETH and an 8% yield for stablecoins, giving users an enticing yield mechanism.
Blast's native stablecoin, USDB, which rebases automatically for EOAs and smart contracts, provides yield via MakerDAO's on-chain T-Bill technology. Users can bridge stablecoins to obtain USDB, which can then be exchanged for DAI when bridging back to Ethereum. Unlike past Layer 2 networks, Blast redistributes gas fee proceeds to Dapps, allowing developers the option of keeping the revenue or subsidizing gas fees for users. Based on Ethereum's Shanghai upgrade, Blast rebases ETH yield from L1 staking on the Blast layer via Lido. The Blast community will soon be able to enhance or replace existing systems such as Lido or MakerDAO with Blast-native or third-party solutions that are more effective.
You can view, swap, send and receive BLAST tokens directly from your MEW Wallet. To receive your BLAST tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the BLAST token information page. You can send your BLAST tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your BLAST tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.