The around 180,000 Blast users have initially withdrawn $400 million from the network after its mainnet launch unlocked billions of staked crypto for the first time.
Around $400 million in Ether (ETH) has been taken out of the Ethereum layer-2 network Blast after the launch of its mainnet on Feb. 29 at 9:00 pm UTC — unlocking nearly $2.3 billion in staked crypto previously locked up on the network.
The optimistic rollup blockchain scaler gives users up to 5% annual percentage yield on Ether and stablecoins held on the network generated from staked ETH and United States Treasury Bills (T-Bills) managed by blockchain protocol and Dai (DAI) stablecoin creator MakerDAO.
Crypto sent to the network was locked in before the mainnet launch, giving its 180,000 users no way to withdraw sent funds until now.
