Blast mainnet is online, here are some things you need to know before depositing money

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L2 Network Blast has been officially launched on the mainnet early this morning . Next, you will be able to experience various projects on it, including golden dogs, native dogs, local tycoon lineups and grass-roots teams, and of course there are various Rug Pull projects full of traps.

1. How to enter the Blast mainnet

To transfer funds (such as ETH) to the Blast network, you need a cross-chain bridge. There are three types:

1) Blast official bridge


2) Orbit cross-chain bridge


3) Go directly to the official bridge address

You can also directly transfer ETH to the official bridge address provided by Blast: 0x3a05E5d33d7Ab3864D53aaEc93c8301C1Fa49115

After the incoming deposit transaction is confirmed, the Blast Sequencer will index the transaction and the balance will be credited to Blast L2.

Note: This method has no UI interface and is not recommended for novices. In addition, Blast has just been launched, and the access channel is crowded. Deposits to the Blast mainnet require high fees (currently generally more than 100 U).

2. About earnings and points
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Once you complete your deposit to Blast, you will receive the amount of ETH you deposited, plus earnings and points.

A core gameplay of Blast is that users store ETH on Blast, and then Blast pledges these ETH to Lido and earns staking rewards, and Blast will calculate points according to the amount of ETH deposited by the user. The user finally gets: ETH staking income (about 4%) + points.

The points earned are expected to be redeemable for Blast tokens in May.

3. How to withdraw money

Users can withdraw ETH stored on Blast at any time, however. . . In order to prevent the outflow of funds, the official has set a 14-day waiting period for withdrawals, and all the profits + points you have previously obtained will be reset to zero.
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4. Experience ecological projects

After the deposit is completed, you can play with the ecosystem. However, there are currently thousands of projects in the Blast ecosystem, a mixed bag of good and bad, and a large number of scams and runaway projects, so you must do your own research (DYOR) before experiencing it. There were 3,000 projects participating in the previous Blast Big Bang competition.

Here are some other resources for reference:

Users may have participated in the Blast testnet before. Then you may have some questions, let’s answer them below:

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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