realistically, how much do you think blast has extracted in total?
100m? more?
the chain revenue alone is already 9m lol, add the tokens now and yea we there lol
GM !
At PaperDAO, we want to make it clear that the team behind this DAO is not the same team building the DEX itself; we are an independent team of Web3 OGs from @daosdotworld and this project is 100% dedicated to being community owned since there is no allocation for VCs or the team itself.
Big shot out to @izebel_eth and @blurr cause their are building @papertrade_xyz, and without that this would never exist.
ยฟHow does PAPER work?
No seed lp, no pre-mint, no team or "vc paper"
The lp starts at $0 and bootstraps from trading.
you trade against the pool: winners get paid, or queued first-in, first-out if the lp is short, and losses mint paper.
Follow @papertrade_xyz for more insights
Learn more about PaperDAO here: https://t.co/CvGiWw8HOu
Learn more about Papertrade here: https://t.co/jSPJ0smWM9
Follow Papertrade team: https://t.co/DwiB9W7Gzm and https://t.co/qJqIUH6zLx
Follow DaosWorld: https://t.co/9vaN4ky1Lt
Learn more about PaperDAO here: https://t.co/CvGiWw8HOu
Learn more about Papertrade here: https://t.co/jSPJ0smWM9
Follow Papertrade team: https://t.co/DwiB9W7Gzm and https://t.co/qJqIUH6zLx
Follow DaosWorld: https://t.co/9vaN4ky1Lt
Blast will be shutting down.
We launched Blast with the goal of building a self-sustaining chain for users and developers. Unfortunately, the economics of operating the chain no longer make sense: the ongoing costs of maintaining Blast exceed the revenue generated by the L2, and we do not see a credible path to making the chain economically sustainable.
As a result, we've made the difficult decision to wind Blast down.
We're sorry to the users and developers who believed in Blast, built on it, and supported the ecosystem. Our priority now is making the shutdown as smooth and safe as possible.
We're asking all users to withdraw their assets from Blast to Ethereum mainnet, including any balances held in the Blast PWA.
To make this easier, we will be reducing the withdrawal delay to 24 hours.
As part of the shutdown process, we'll first begin withdrawing Blast's Lido assets. This process is expected to take approximately one week. During this period, withdrawals will temporarily be unavailable, even after the withdrawal delay is reduced to 24 hours.
Once that process is complete, withdrawals will resume with the new 24-hour delay.
Users will have until October 26, 2026 to withdraw through the normal Blast interface.
After October 26, assets will remain withdrawable, but users will need to interact directly with the Blast bridge contracts on Ethereum L1. We'll publish detailed instructions before then.
We strongly encourage everyone to withdraw their assets to Ethereum mainnet before October 26.