Not a big fan of Blast myself so far, especially when you can get 20% yield on LPs instead, but Pacman deserves praise for knowing how to keep finding new bait to dangle in front of hungry influencers/traders. Let's hope the smaller fish don't get eaten by the bigger once again.
Great points, we'll see what happens with this one. The incentive mechanics we're seeing show just a sample of what you can do in this space (for better and worse).
Can't deny the interest based on the amount of ETH + Stables sent to the wallet, $567M TVL so far 👀
Not a big fan of Blast myself so far, especially when you can get 20% yield on LPs instead, but Pacman deserves praise for knowing how to keep finding new bait to dangle in front of hungry influencers/traders. Let's hope the smaller fish don't get eaten by the bigger once again.
Great points, we'll see what happens with this one. The incentive mechanics we're seeing show just a sample of what you can do in this space (for better and worse).
Can't deny the interest based on the amount of ETH + Stables sent to the wallet, $567M TVL so far 👀
Yeah it's insane considering they don't even have an L2 yet haha.
It is a pretty good plan (but risky) for bigger wallets that have ETH just lying around that they weren't going to use anyway. And it's good timing