Auto Rebasing

Overview

Auto Rebasing is a powerful and innovative feature from Blast designed to optimize your holdings on Blast L2. This innovative mechanism allows Blasted to earn 4% apr on the TVL locked with in the Blasted protocol, generating net flow of income to reward users and LP providers in the Blasted ecosystem.

How Auto Rebasing Works

1. Bridged ETH, USDC, USDT, and DAI generate 4% APR

• The tokens mentioned above are seamlessly bridged and securely locked into a smart contract. Subsequently, these funds undergo rehypothecation, generating a 4% Annual Percentage Rate (APR). The resulting earnings are distributed to individuals holding these funds, whether in a wallet or within a smart contract.

• The adjustments are based on the apr generated by the Blast L2 and the predefined rebase mechanism.

2. Token Supply Expansion

• The expansion of the token supply will increase in your Wallet or the contract.

• Token holders experience a proportional increase in their holdings.

3. Blasted Sharing Auto Rebase Yield

• Blasted distributes the Yield generated through Auto Rebasing back to its users.

• Each swap presents a chance to randomly select traders to win the jackpot using the trading volume as the randomness weight, funded by a portion of the yield earned from auto rebasing. (the more volume you trade the bigger your odds of winning are)

Conclusion

Auto Rebasing is a key feature that sets Blasted apart, creating a more resilient and user-friendly decentralized exchange. As we continue to evolve, we remain committed to optimizing your trading journey through leveraging Blast's innovative mechanisms like Auto Rebasing and Gas Fee Sharing!