The Blast community has proposed to use $36 million in annual revenue to buy back BLAST tokens

ChainCatcher news, according to official sources, the community of the Ethereum Layer2 network Blast has released a proposal titled "Buy Back BLAST Tokens and Earn Profits." The proposal indicates that Blast has a narrative issue, and to address this, attention must be paid to the price; it suggests converting profits into BLAST tokens and using these profits through buybacks. Depositors will retain the full value of their earnings: they will not receive ETH or USDB, but will immediately receive liquid BLAST tokens.

The proposal points out that currently, there are $1.2 billion in profit assets on Blast L2. The conservative annual yield is estimated at 3%, generating $36 million per year, which can be used to purchase BLAST on the open market, equivalent to a daily bid of about $100,000. At current prices, this bid would cause the price to fluctuate +4.8% daily.

It is reported that this proposal will result in a $36 million annual buying pressure on $BLAST tokens, and it will also make user acquisition and engagement activities more effective, thereby recalling users/builders and initiating another growth flywheel, laying the foundation for the release of mobile applications.