Paradigm invests in Blast: Ethereum Layer 2 with native yields on ETH and stablecoins
1. Blast natively participates in ETH staking, and the staking proceeds will be returned to L2 users and dapps.
2. It’s not just ETH on Blast that makes money. The same goes for stablecoins. When you bridge stablecoins like USDC, USDT, and DAI to Blast, it's deposited into an on-chain treasury protocol like MakerDAO, and the proceeds are passed back to Blast users via Blast's automated underlying stablecoin, USDB.
3. Paradigm led the investment with $20M, with participation from Andrew Kang, Hasu, foobar, Larry Cermak, egirl_capital and others.
