PANews reported on December 3 that the community of Ethereum Layer2 network Blast has released a proposal titled "Buy Back BLAST Tokens and Get Profits". The proposal stated that Blast has a narrative problem, and to solve this problem, it is necessary to focus on prices; it is proposed to convert earnings into BLAST tokens and use these earnings through buybacks. Depositors will retain the full value of their earnings: instead of receiving ETH or USDB, they will immediately receive liquid BLAST tokens. This proposal will result in $36 million of buying pressure on $BLAST tokens per year. This proposal will also make user acquisition and engagement promotion activities more effective, thereby recalling users/builders and starting another growth flywheel, laying the foundation for the release of mobile applications.
The proposal states that there are currently $1.2 billion of income-generating assets on Blast L2. With a conservatively estimated annual yield of 3%, this would generate $36 million per year, which could be used to purchase BLAST on the open market, equivalent to a bid of about $100,000 per day. At current prices, this bid would result in a price fluctuation of +4.8% per day.
