Blast Founder Addresses Misunderstandings
Blast founder Tieshun Roquerre, also known as Pacman, addressed some of the “misunderstandings” circulating about the platform. He refuted claims that Blast is a Ponzi scheme and clarified that its high yields are sourced from legitimate platforms like Lido and MakerDAO. Roquerre emphasized that these yields are not unsustainable but rather a core component of the on-chain and off-chain economy. He also defended Blast’s invite rewards, stating that they are not a marketing gimmick but a strategic move to foster community growth.
Blast’s Go-To-Market Strategy
Roquerre clarified that crypto investment firm Paradigm had “zero involvement” in Blast’s go-to-market strategy. While Blast consulted Paradigm on research, the firm did not influence the platform’s internal plans. Roquerre acknowledged that Paradigm asked for changes to be made post-launch, but he assured that the final decisions would be made by the Blast team.
Blast’s Multisig Security Model
In response to criticism about its multisig security model, Blast explained that it uses a nuanced approach similar to other Layer 2 solutions such as Arbitrum and Optimism. The platform employs a multisig where each signing key is kept in cold storage and managed by geographically distributed independent entities. Blast ensures that its signers are experienced technical engineers with expertise in high-stakes applications. To further enhance security, the platform plans to diversify its hardware wallet providers.
Hot Take: Addressing Concerns and Setting the Record Straight
Blast founder Tieshun Roquerre has addressed various concerns surrounding the platform, including allegations of being a Ponzi scheme and doubts about its go-to-market strategy. He clarified that Blast’s high yields are sourced from legitimate platforms and emphasized that they are not unsustainable. Roquerre also defended the invite rewards, stating that they are a strategic move to foster community growth. Furthermore, he explained that Paradigm had no involvement in Blast’s go-to-market strategy and that the final decisions rest with the Blast team. In response to criticism about its multisig security model, Blast provided insights into its approach and outlined plans to further enhance security.
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