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All ArticlesAbout UsContact UsWork With UsGehxHlPNxrxZk34y5EXt the newsletters Search results btnywPVUapYYsFc $3zdOfKH2RCsvPCmz7760 0.90% etjAIrilikiKCTh $2nnN1MVrFqIfya2l1080 0.34% bnaNKud0TjEbBLoRvmUb $2toUOaLjBvuay6lhtcfS2J34.7 -0.27% xrxBdGeHF7Thmws3C5p $0q4j62iRq63hFs9yot4V1l.6198 -0.59% sozlBZ7kwPVdLXLPRHUBl $5cIC6eGQdv4zaLbRmr8.58 2.60% stizNQqhda8iEWxP2aeth $2i8IHzQHhm9pp1081 0.58% adqwQHG45ucOOj2FlHSa $0x72zuYwjaJvWE4HEz.3884 -1.72% doic32acC984PnLx23PVtpge $0qxdCumObSRrN7dNCMQtAn.07879 2.42% trak95eIl3UNnpwvlmtfCbx $0lbEeCnk9rlPgxKdJ.1052 2.81% tojiKwwPRxDGUv0Kcfn $2yhWALWG1WeXl0zg.4 -1.16% btnywPVUapYYsFc $3zdOfKH2RCsvPCmz7760 0.90% etjAIrilikiKCTh $2nnN1MVrFqIfya2l1080 0.34% bnaNKud0TjEbBLoRvmUb $2toUOaLjBvuay6lhtcfS2J34.7 -0.27% xrxBdGeHF7Thmws3C5p $0q4j62iRq63hFs9yot4V1l.6198 -0.59% sozlBZ7kwPVdLXLPRHUBl $5cIC6eGQdv4zaLbRmr8.58 2.60% stizNQqhda8iEWxP2aeth $2i8IHzQHhm9pp1081 0.58% adqwQHG45ucOOj2FlHSa $0x72zuYwjaJvWE4HEz.3884 -1.72% doic32acC984PnLx23PVtpge $0qxdCumObSRrN7dNCMQtAn.07879 2.42% trak95eIl3UNnpwvlmtfCbx $0lbEeCnk9rlPgxKdJ.1052 2.81% tojiKwwPRxDGUv0Kcfn $2yhWALWG1WeXl0zg.4 -1.16% DEXs Vol $3.93 B-68.04% DeFi TVL $47.5 B-0.43% LidoTVL $19.27 B0.66% MakerTVL $8.44 B0.56% JustLendTVL $5.97 B-0.43% AAVETVL $5.89 B0.66% UniswapTVL $3.69 B-0.01% DeFi BLUR AIRDROPPED $100M WORTH OF TOKENS. NEW BLOCKCHAIN BLAST PROMISES EVEN MORE TO BLUR AIRDROP RECIPIENTS Airdrop hopefuls are parking Blur tokens on Blast. Credit: Rita Fortunato/DL News HomeDeFiBlkmLic1vyT9B51wXwTur airdropped $100m worth of tokens. New blockchain Blast promises even more to Blur airdrop recipients Author OscMEUwCQO8fFzX1dFJato Avan-Nomayo TiteV5qttfgd7gRFUm Craig November 22, 2023 at 8:42 PM Share What you'll learn * NFgVtJnWydlFMT traders are depositing their Blur airdrops on Blast. * BlmV4yBmVg6x2iWqvQDMast is an upcoming layer 2 developed by Blur creator Tieshun Roquerre. * BlaXlZa79rRkJdast promises token rewards to early adopters when the chain goes live next May. Redz74pxX0syifcHQ2teYcipients of Blur’s latest airdrop have begun positioning themselves for additional rewards from Blast, a buzzy new layer 2 blockchain developed by Blur creator Tieshun Roquerre, known online as Pacman. OnyBJDjzsR5ix Monday, NFT marketplace Blur distributed 300 million BLUR tokens currently worth $107 million in its latest airdrop. IncDQYyxU9FvLmD3Bstead of letting airdrop recipients claim tokens directly to their wallets as in Blur’s first airdrop, the claims process for the latest airdrop, by default, sends BLUR token rewards to a separate smart contract. FrtgbrzoyzQm4oZeGz4nXI8om there, recipients can choose to withdraw their BLUR tokens, or leave them locked up to accumulate points, which, according to the Blur site, will convert to a new token for the Blast blockchain when it launches next May. Now read Two-day-old Blast draws $135m as investors seek yields and airdrops LekTpt6fMkQjxNF6ss than 48 hours after its announcement, the new blockchain project Blast has won over investors...LekVxHp6x7KqB6o9mSieXss than 48 hours after its announcement, the new blockchain project Blast has won over investors lured by the promise what it... SoiuZbZnlEgH2v32 far, the Blast points contract contains $138 million worth of BLUR tokens. These tokens come from the claims process for the Blur airdrop, as well as other BLUR token holders who have deposited their tokens via the Blur site. BLFLFULOV4INPYAST POINTS INCENTIVE Maq40ZVebX2x8iny of the biggest Blur airdrop recipients have chosen to leave some or all of their BLUR token rewards on the Blast contract to earn Blast points. NFaQdoLCm4vAnixNCT trader Hanwe Chang, the largest recipient who received $8 million in tokens, deposited $7.4 million into the Blast points contract, on-chain data shows. Another major NFT trader Jeffrey Huang, more commonly known online as Machi Big Brother, has also deposited all of his $2 million airdrop. BlnoD7KCvKs2aur airdrop recipients have an incentive to leave these tokens on the Blast points contract. This is because early BLUR token holders on the Blast contract will receive more Blast points rewards per hour until November 26. After this date, point rewards will only increase by 50% every month for those who do not withdraw their tokens. Onlp2n6rfR7IKDCF3tl7C-chain data shows more than 85% of the BLUR token airdrop has been claimed. Now read Bored Ape fans blame Blur for falling NFT prices BodcguppR24aCZfired Ape Yacht Club, the top-traded NFT collection, is trapped in a brutal bear market, and holders...Bol45mUI5ZrDVr8red Ape Yacht Club, the top-traded NFT collection, is trapped in a brutal bear market, and holders are blaming the recently... LafPIvpYF4DqDWCyZCqs2fiunched in October 2022, Blur is the largest NFT marketplace by trading volume. BlcHLpuHrONfiEvur has distributed two airdrops since its launch — one for early users that concluded when BLUR token launched in February, and another for those who have traded NFTs on the marketplace since then. ThntdXB6NB1FYdUe Blast points scheme is similar to how Blur determined how many tokens users received in its previous airdrops. ThcI515fA8epPwAcY673ose who traded NFTs on Blur received points, with more points translating to a bigger airdrop. But as Blur didn’t reveal the conversion rate between points and tokens, it left users in the dark about how many tokens they would ultimately receive. $8GVSJCPCKDY2TINP47 MILLION IN DEPOSITS BlmQjNdv5gSdESVxvbufur airdrop recipients aren’t the only ones being drawn in by Blast’s expected reward largesse. Crypto investors have begun to pile into the project despite the fact that it is not yet live. WhmZzAEGDUYoMW47w3ile Blast plans to be an Ethereum layer 2, it currently exists as a smart contract on Ethereum that only supports token deposits and not withdrawals. Now read Coinbase’s Base had 24 hours of meme coin frenzy, rug pulls and $58m in deposits CokZx1afFYGlKzKCyJasinbase’s Base project became the scene of a multi-million meme coin drama this weekend.CofF8mWqiR38iinbase’s Base project became the scene of a multi-million meme coin drama this weekend. ItaWar6k4vuBhjRFt has attracted over $87 million in deposits from crypto users since Tuesday. Such is the extent of the investment inflow that Blast has become the 12th-biggest layer 2 in terms of locked-in investment, according to crypto data analysis platform 21.co. IniqTr6qh1uGovestors throwing their crypto into a layer 2 chain before its launch is not a new phenomenon. Similar situations have occurred on other layer 2 chains as well, including Coinbase’s Base chain which saw $58 million in deposits before the blockchain’s official August launch. NAKKNBLW9FSUS0TIVE YIELDS ON DEPOSITS BlhdEF1ewb4zBDt4Past claims to separate itself from other layer 2 blockchains by promising to offer native yield on Ether and stablecoin deposits. ItllvfJxjC9j2N plans to automatically convert Ether deposits on the blockchain to Lido’s stETH — a so-called liquid staking token that automatically accrues yield from Ether staking. Lido is the largest Ethereum staking protocol with over $18 billion worth of user deposits. Etfz9KcciAFOyher staking isn’t the only planned yield source on Blast. The blockchain will also convert stablecoin deposits into MakerDAO’s Dai stablecoin and deposit them into the protocol’s Dai savings rate contract to earn 5% annually. MakerDAO uses the coupons from its US Treasury holdings to pay the 5% yield. OskFmB0p6LIRwwP0hato Avan-Nomayo itldnKi6QJlFKuhco2s our Nigeria-based DeFi correspondent. He covers DeFi and tech. To share tips or information about stories, please contact him at osfnRaEissK56lfato@dlnews.com. Comments, queries, feedback? Ses7fsY03qlXdzOQnd Like this story? Get our weekly DeFi newsletter, The Decentralised The RoundupThe DecentralisedThe Guidance SulCrxmiKA366ZqcILM7tbscribe You may also like Web3 ‘OpenSea is in big trouble’ as Tiger Global cuts valuation by 76% Web3 Tim Craig AplVctTthpY73O0sM2r7ril 25, 2023 SnapshotWeb3 SEC sues Do Kwon and Terraform Labs, Binance’s $400m headache, USP depegs as Platypus suffers $8.5m hack SnapshotWeb3 Tyler Pearson FebtqARlwLxnEMIm1d8qxbruary 17, 2023 Regulation Proposed tax laws will chase DeFi out of the US, create privacy nightmare, crypto industry says Regulation Joanna Wright Noqjqj5yTEcJ3YJTULr5EQvember 13, 2023 Related articles SnapshotWeb3 Wash trades account for half the NFT sales on Ethereum and flood Blur marketplace SnapshotWeb3 Adam Morgan McCarthy Sefvfum3ZWgAe2EeiXptember 25, 2023 Llama U How to analyse NFT data with DefiLlama Llama U DL News SeyblBFS9VQVwYqaoptember 17, 2023 Markets Bored Ape fans blame Blur for falling NFT prices Markets Tim Craig JudAvEeRkgnbZhPne 23, 2023 Web3 NFT credo goes from WAGMI to just ‘survive’ after 76% sales plunge Web3 Tim Craig MalUWyWErzCbpHdsc3mtZy 3, 2023 NEWSLETTERS GET KEY INSIGHTS AND EXPERT ANALYSIS IN OUR WEEKLY NEWSLETTERS The RoundupThe DecentralisedThe Guidance SulCrxmiKA366ZqcILM7tbscribe BysjcW8TizWJJ72DhoW submitting your email, you agree to DL News' Terms & Conditions and Privacy Policy. 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