BlockWallet - A Blast Wallet

BlockWallet is a self custodial web3 crypto wallet tailored as the ideal Blast Wallet for secure & safe crypto transactions


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High Performance

Public nodes are clogged and sluggish. BlockWallet nodes are exclusive, fast and carefully maintained for optimal performance and speed, only available to BlockWallet users.


Identity Protection

Node providers receive your IP and other personal data. BlockWallet protects your identity by intercepting requests, removing sensitive details, and relaying only necessary data for transactions.


Pure Reliability

When node providers stop working, so do the wallets that use them. BlockWallet quickly switches to a backup node provider if the primary stops working, so your transactions.

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What is Blast Network

Blast Network stands out as an Ethereum Layer 2 (L2) solution by offering native yield for Ethereum (ETH) and stablecoins, providing a 4% yield for ETH and 5% for stablecoins through decentralized protocols like ETH staking and Real World Asset (RWA) protocols. This innovation addresses the inflationary concerns post Ethereum's merge, where failing to match or surpass these rates would result in a loss for users. Blast's design, as an EVM-compatible optimistic rollup, ensures a seamless experience for users and developers, opening doors for new business models for decentralized applications (Dapps). Through mechanisms like auto-rebasing and leveraging L1 staking rewards, Blast Network not only provides automatic yield transfers for users but also incorporates on-chain T-Bill protocols to generate stablecoin yield. Furthermore, Blast Network pioneers gas revenue sharing, enabling Dapp developers to receive net gas revenue programmatically and use it to subsidize gas fees for users, thus enhancing the overall value proposition of Ethereum's Layer 2 ecosystem.

What Makes Blast Network Different

Native Yield:

Blast Network offers native yield for Ethereum (ETH) and stablecoins, providing a 4% yield for ETH and 5% for stablecoins through decentralized protocols like ETH staking and Real World Asset (RWA) protocols.

Innovative Business Models:

By introducing native yield, Blast Network enables the creation of new business models for decentralized applications (Dapps) that were previously not feasible on other Layer 2 solutions.

Auto-Rebasing Mechanism:

Blast implements auto-rebasing for ETH and its native stablecoin (USDB), ensuring that balances adjust automatically for both externally owned accounts (EOAs) and smart contracts.

Leveraging L1 Staking Rewards:

Blast Network leverages L1 staking rewards, such as those from protocols like Lido, to provide automatic yield transfers to users through rebasing ETH on the Layer 2 network.

On-Chain T-Bill Protocols:

Blast incorporates on-chain T-Bill protocols, such as MakerDAO's, to generate yield for stablecoins bridged onto the Layer 2 network, providing users with additional incentives.

Vision for Ethereum Scaling:

Gas Revenue Sharing:

Unlike other Layer 2 solutions, Blast pioneers gas revenue sharing, allowing Dapp developers to receive net gas revenue programmatically and utilize it to subsidize gas fees for users, enhancing the overall value proposition of the network.

Frequently Asked Questions

How does Blast Network secure user funds while providing native yield?

Blast Network prioritizes security through robust cryptographic protocols and adherence to best practices in smart contract development. Additionally, assets are stored in non-custodial wallets, and user funds are safeguarded through multi-signature mechanisms. Blast also undergoes regular security audits to identify and mitigate potential vulnerabilities, ensuring the safety of user funds while providing native yield.

Is bridging assets onto Blast Network user-friendly?

Bridging assets onto Blast Network is designed to be user-friendly and straightforward. Users can initiate the process through supported wallets or interfaces by selecting the assets they wish to bridge and specifying the destination address on Blast Network. Once initiated, the bridging process typically involves confirmation steps to ensure the security and integrity of the transaction.

How does Blast Network prevent impermanent loss for yield participants?

Blast Network employs various strategies to minimize impermanent loss for users participating in yield-generating activities. These strategies may include dynamically adjusting yield rates based on market conditions, providing liquidity incentives to balance asset pairs, and implementing automated rebalancing mechanisms to mitigate the impact of impermanent loss.

Is there a minimum asset requirement for participating in Blast Network's native yield?

While Blast Network does not impose a strict minimum asset requirement for participating in native yield, certain yield-generating activities may have minimum thresholds to ensure optimal efficiency and participation. However, users can generally engage with Blast Network's native yield features with a range of asset sizes, making it accessible to a broader user base.

How does Blast Network's transaction speeds and fees compare to other Layer 2 solutions?

Blast Network distinguishes itself from other Layer 2 solutions by offering competitive transaction speeds and fees, leveraging its optimized architecture and infrastructure. Through its innovative design and emphasis on efficiency, Blast aims to provide users with a seamless and cost-effective experience compared to alternative Layer 2 solutions.

What happens to native yield during price fluctuations on Blast Network?

In the event of price fluctuations in Ethereum or stablecoins on Blast Network, the native yield provided is dynamically adjusted to maintain competitive rates while ensuring sustainability. Blast implements automated algorithms and governance mechanisms to manage yield fluctuations effectively, aiming to provide users with stable and reliable returns over time.

Are there limitations on withdrawing funds or transferring assets between Blast Network and other Ethereum-based platforms?

Blast Network strives to facilitate seamless withdrawal and asset transfers between Blast Network and other Ethereum-based platforms. However, users may encounter certain limitations or restrictions based on network congestion, asset availability, or specific protocols governing asset transfers. Blast Network continually evaluates and optimizes its withdrawal and transfer processes to enhance user experience and address any potential limitations.

What is the best wallet as Blast Wallet?

BlockWallet is recognized as one of the premier wallets for Blast Network, offering users a robust combination of privacy and security features. With its advanced encryption methods and secure storage protocols, BlockWallet ensures the safety of users' assets on Blast Network.

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