Why Blast?
A: Great growth of the community
A2: Cool and groundbreaking capital-raising model
A3: Native on-chain yield
A4: Successful team with a great background
Bing Bang competition showed the pumped way to onboard tech teams, build projects, and accumulate community. Over 3,000+ teams started building, and our team is on the list as well:
https://twitter.com/Blast_L2/status/1761246464200826945
This is a fairly innovative way in which we also wanted to leave our mark and contribute to the development of the ecosystem. Let’s pump it!
https://twitter.com/Laser_on_Blast/status/1753348139304505536
Laser is a lending protocol positioned as the first of its kind on the Blast network, aiming to revolutionize the DeFi landscape by integrating the robust and reliable architecture of the Compound V2 model with innovative features tailored for the modern cryptocurrency market. Here's a detailed breakdown of its components, features, and strategic approach:
Base Model: Utilizes the Compound V2 framework as its foundational architecture. This model is chosen for its battle-tested reliability in decentralized finance, providing a secure and efficient platform for lending and borrowing.
LST Support: From day one, the protocol supports LST, indicating a commitment to flexibility and the potential for immediate integration of specific tokens or lending strategies.
Futures Platform: Introduces a platform for futures trading, enabling users to take long or short positions. This feature aims to cater to a broad spectrum of trading strategies and risk appetites, significantly diversifying the protocol's appeal.
AI Farming Strategy: Implements an AI-based farming strategy that leverages proprietary technology for hedging via the protocol's futures platform. This approach promises to optimize user returns by dynamically adjusting to market conditions, in partnership with top-tier Blast DEXs.
Looping: Offers the ability for asset looping, a strategy that potentially amplifies user returns through repeated investment and reinvestment cycles, showcasing the protocol’s commitment to providing advanced DeFi strategies.
Target Audience: Focuses primarily on users who have interacted with the BLUR airdrop and those with deposits into the Blast L2, suggesting a strategic approach to capture a specific, potentially engaged user base.
Referral and Points System: Implements a system that rewards users for referrals and engagement, drawing inspiration from Blast's model. This system is designed to foster community growth and incentivize user participation through a gamified experience.
Pre-dApp Phase: Involves eligibility checks for whitelisted users and the introduction of the referral system, laying the groundwork for community building and initial engagement.
Testnet dApp Phase: Focuses on user interaction through quests and quizzes, dApp testing for feedback and improvements, and the implementation of points and referrals to enhance user experience and protocol testing.
Mainnet dApp Phase: Plans to introduce a lending and borrowing model, allowing users to lend, borrow, and earn points, thereby enriching the user experience with more complex financial transactions and incentives.
The project’s strategic vision is clear: to leverage proven DeFi models while introducing innovative features that cater to the evolving needs of the cryptocurrency market. By focusing on a specific segment of the crypto community and employing a phased development approach, the protocol aims to ensure a robust, user-friendly platform that meets current DeFi standards and sets new benchmarks for innovation, security, and user engagement in the lending space.