A Shared Vision: Redefining Leverage Trading Through Our Strategic Launch on Blast
New year, new Layer2 and a new way to leverage trade.
Gm,
Towards the end of 2023, Web3 finally started to pick up some momentum as we saw BTC break $45k, Degens make huge gains on Solana $h!tcoins and Blast surpass $1B in TVL.
Now with the recent news surrounding Bitcoin ETFs, everything seems to be falling perfectly into place for us to hit the ground running in 2024 and we are prepped and waiting to get involved.
We recently spoke briefly about how we have made the strategic decision to launch our new trading platform EasyX on Blast; today we will take a further look into the L2, and how our shared vision made our decision all too easy.
Blast’s Mission and Vision
Surely by now, you have heard of the upcoming Layer2 Blast?
The team have done an incredible job in the early stages of the launch, having already raised $20m from Paradigm, Standard Crypto and eGirl Capital to name a few, but why is there such strong backing for yet another L2?
Is it because the team come from FAANG, Yale and MIT and has worked on some of the largest DeFi and Web3 protocols? The highly experienced team is just one of the reasons everyone is eagerly anticipating the launch.
The main reason: Blast will bring something no L2 has done before — Native yield from ETH and stablecoins.
Blast’s Novel Approach
By design, Layer 2s haven’t been able to offer native yield — until now. Blast’s EVM-compatible, optimistic rollup design is focused on bringing yield to all users and developers whilst ensuring this new approach doesn’t alter the user experience.
Where does the yield come from?
Following Ethereum’s merge the L1 now provides a 4% yield on ETH and a 5% yield on stablecoins from on-chain T-Bill (Treasury Bill) protocols.
“If users do not match or beat these rates, they are losing money to a form of inflation.”
Blast takes advantage of the yields from ETH staking and RWA (Real World Asset) protocols and passes the yield earned back to Blast users automatically at rates of 4% for ETH and 5% for stablecoins.
Just holding ETH and stablecoins on Blast earns yield plus your balance auto-compounds.
Native yield is one of the most impressive features we have seen recently in Web3. It’s also extremely beneficial to traders who start using EasyX.
Think about it, why use a trading platform on another Layer2 and miss out on yield?
EasyX & Blast’s Shared Vision
Numerous Layer2 solutions provide cheap and fast transactions, are EVM compatible and have a large user base, but what are they doing that’s different?
At EasyX we didn’t want to just rinse and repeat another decentralized trading platform. We wanted to bring something new, something simple and transparent whilst putting the users first.
Blast’s fresh approach to innovation and simplifying complex issues perfectly aligns with our approach to trading. We both aim to incentivise users, provide easy access to tools and grow the on-chain economy.
With this being a shared vision from the outset, the future of the DeFi landscape is shaping up to be filled with opportunity.
What can we achieve in the future?
Get ready for some serious activity on Blast. Testnet is coming, Airdrop is now open, EasyX testnet is soon to launch and over $1B in TVL is waiting for 100x leverage.
Soon we will dive into the advantages of being one of the first leverage trading platforms to launch on Blast and why you should be looking to take advantage of what both EasyX and Blast offer.
