Blur founder Pacman said that he has heard a lot of FUD about Blast. Although many of them are humorous memes, he needs to clarify a few points.
(Being greedy for the Blur airdrop, the results of Blast L2 are all fake? The developer reveals the risk of escape)
Blast is not owned by Pang, the income comes from Ethereum, RWA and is sustainable
Pacman said that Blast's revenue comes from Lido and MakerDAO, and Lido's revenue comes from Ethereum staking, which means it comes from the mechanism of Ethereum itself.
MakerDAO's revenue comes from on-chain Treasury bonds, which are issued by the United States and are crucial to the operation of the U.S. economy.
Therefore, these benefits all come from important core mechanisms on and off the chain, and are not unsustainable.
The launch of Blast is not led by Paradigm
Pacman emphasized that Paradigm was not involved in Blast’s launch plan (Go-To-Market, GTM) at all:
Paradigm had almost zero involvement in the launch of Blast, and to be honest, if Paradigm had been involved, I would probably have been asked to make a lot of revisions to Blast. We consulted Paradigm on the technical design of L2, and they did an excellent job. Although they asked me to modify the GTM plan after launch, they left the decision-making power to their partners. This is one of the many reasons why I like working with Paradigm. .
(Learn about Blast: A detailed explanation of Blur's yield-based L2 network Blast: on-chain native interest rates, NFT perpetual contracts, etc.)
Why does Blast's invitation-only system look like a pyramid scheme?
Pacman said that he has seen a lot of FUD about Blast's invitation mechanism.
He explained:
This invitation system has existed for a long time, and to say the least, Blast is nothing without a community. As the first batch of contributors to Blast, both low-level developers and users can contribute to Blast. If users recommend friends to help Blast flourish, they have provided real value and deserve to be rewarded. This is the invitation system. reason for existence.
The community also left messages of support (sarcasm?): "We love Ponzi schemes, and there's absolutely nothing wrong with that."
I've seen a number of misunderstandings about Blast spreading around. While many of these are humorous memes, it's important to set the record straight on a few points:
— Pacman | Blur + Blast (@PacmanBlur) November 24, 2023
Blast Official: Update multi-signature hardware wallet within a week
Because there are security concerns about Blast's only 3/5 multi-signature contracts, Blast officially tweeted to emphasize that Arbitrum, Optimism, Polygon and other L2s also use multi-signature models, and announced that the multi-signature hardware wallet will be updated in the next week.
Blast's multi-signature custodians are all senior engineers with experience in developing high-risk applications such as financial applications and smart contracts. However, in order to better respond to the Black Swan incident, one of the multi-signature wallet hardware providers will be updated within a week. This will ensure that a single wallet is used 5 times in 3 signatures and remains safe even if the hardware wallet is damaged.
On multisig security.
Read this thread to understand the security model of Blast along with other L2s like Arbitrum, Optimism, and Polygon.
— Blast (@Blast_L2) November 24, 2023
