BlastUP Launchpad L2 Project Closing in on $6 Million Raised Via Presale
BlastUP ($BLP) is a community-backed and trusted launchpad, connecting users to early-stage and new projects on the Blast ecosystem. The platform lets users bridge ETH from Ethereum to the Blast blockchain and offers native yield for ETH and other stablecoins.
In only a couple of months, the BlastUP presale has raised nearly $6 million through its presale.
BlastUP is based on the Blast blockchain, the first layer-2 chain to reach a $1 billion TVL (Total Value Locked) in just 35 days. After its launch in 2024, Blast has cemented itself as the sixth-largest blockchain and the second-largest L2 network by TVL.
BlastUP, an Ethereum-based L2 project, is a pioneer in the cryptocurrency landscape. It enables the creation of DApps (Decentralized Applications), a feat not possible on other L2 solutions. What sets BlastUP apart is its status as the first layer-two solution to offer a native yield on various stablecoins and ETH, a testament to its innovation and potential for developers.
You can earn up to a 4% APY (Annual percentage yield) on ETH and up to 4% on stablecoins such as USDT, DAI, and USDC. Post the Ethereum Shanghai upgrade, ETH yield for L1 staking is directly transferred to users via rebasing ETH on L2.
With the recent launch of the BlastUP app, users can simply bridge ETH from Ethereum to Blast and even purchase ETH with a Credit card.
The BlastUP ecosystem connects users with early-stage and new projects developed on the Blast blockchain. To evaluate the potential of all upcoming projects, BlastUP conducts a project screening round. This ensures that only the projects with the highest quality are made public.
In the future, BlastUP will implement AI (Artificial Intelligence) screening to strengthen the process. Another
Read more on cryptonews.com
