Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Blasts, Blurs, and Ponzis | Bankless

Altszn.com by Altszn.com
November 25, 2023
in Blockchain, Crypto, DeFi, Web3
0
Blasts, Blurs, and Ponzis | Bankless
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter



BLUR Blasts. A new project from Blur’s founder backed by Paradigm sent Crypto Twitter into a tizzy this week, with many criticizing Blast’s ponzinomics while others threw money into it. Speculation on how to score the new token sent action towards the BLUR native token, which surged nearly 80% during the week.

While much of the criticism surrounding Blast centered on the Ponzi-like nature of the the blatant token speculation it was encouraging, others were more concerned about how exactly it was achieving the “native yield” it was advertising.

This is a very bad idea. ETH and liquid staking derivatives are different assets with different risk profiles (and rewards), and users should have a choice about which one they want to use. The same is true for different types of stablecoins https://t.co/zHYD4QzgLV

— Dankrad Feist (@dankrad) November 21, 2023

Crypto venture firm Paradigm was on the receiving end of more than a little pushback, particularly for joining a round with so many of Crypto Twitter’s more… controversial.. personalities also investing.

Still, the excitement around Blast, which prompted one user to dump more than 10,000 ETH onto the network has given Crypto a shot in the arm that hasn’t been felt since point-farming went full throttle on Friend.tech.

Whether the team manages to figure out a sustainable path forward or not, the new attention coming to BLUR is certainly welcome for an NFT market that is still looking for a path out of its bear market.





Read More: www.bankless.com

Tags: BanklessBlastsBlursDeFiPonzis
ADVERTISEMENT

Recent

Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

May 9, 2025
Cointelegraph Bitcoin & Ethereum Blockchain News

Cointelegraph Bitcoin & Ethereum Blockchain News

May 9, 2025
How GAMEE Is Making Web3 Irresistibly Fun

How GAMEE Is Making Web3 Irresistibly Fun

May 9, 2025

Categories

  • Bitcoin (4,942)
  • Blockchain (11,601)
  • Crypto (9,539)
  • Dark Web (561)
  • DeFi (8,488)
  • Ethereum (5,009)
  • Metaverse (7,742)
  • Monero (303)
  • NFT (1,590)
  • Solana (5,093)
  • Web3 (20,982)
  • Zcash (508)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

    Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

    May 9, 2025
    Cointelegraph Bitcoin & Ethereum Blockchain News

    Cointelegraph Bitcoin & Ethereum Blockchain News

    May 9, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 103,528.00
    • ethereumEthereum (ETH) $ 2,376.09
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.38
    • bnbBNB (BNB) $ 658.38
    • solanaSolana (SOL) $ 171.60
    • usd-coinUSDC (USDC) $ 0.999939
    • dogecoinDogecoin (DOGE) $ 0.222954
    • cardanoCardano (ADA) $ 0.791698
    • tronTRON (TRX) $ 0.263728
    • staked-etherLido Staked Ether (STETH) $ 2,371.28
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,469.00
    • suiSui (SUI) $ 3.95
    • chainlinkChainlink (LINK) $ 16.20
    • avalanche-2Avalanche (AVAX) $ 24.04
    • wrapped-stethWrapped stETH (WSTETH) $ 2,861.64
    • stellarStellar (XLM) $ 0.301976
    • shiba-inuShiba Inu (SHIB) $ 0.000016
    • hedera-hashgraphHedera (HBAR) $ 0.207477
    • hyperliquidHyperliquid (HYPE) $ 25.19
    • the-open-networkToncoin (TON) $ 3.37
    • bitcoin-cashBitcoin Cash (BCH) $ 419.16
    • leo-tokenLEO Token (LEO) $ 8.70
    • usdsUSDS (USDS) $ 0.999966
    • litecoinLitecoin (LTC) $ 102.74
    • polkadotPolkadot (DOT) $ 5.07
    • wethWETH (WETH) $ 2,372.95
    • moneroMonero (XMR) $ 317.04
    • wrapped-eethWrapped eETH (WEETH) $ 2,532.23
    • bitget-tokenBitget Token (BGB) $ 4.78
    • pepePepe (PEPE) $ 0.000013
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • pi-networkPi Network (PI) $ 0.728324
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,504.00
    • ethena-usdeEthena USDe (USDE) $ 0.999928
    • whitebitWhiteBIT Coin (WBT) $ 30.30
    • uniswapUniswap (UNI) $ 6.56
    • bittensorBittensor (TAO) $ 447.25
    • nearNEAR Protocol (NEAR) $ 2.97
    • aptosAptos (APT) $ 5.75
    • daiDai (DAI) $ 1.00
    • aaveAave (AAVE) $ 218.61
    • okbOKB (OKB) $ 54.91
    • ondo-financeOndo (ONDO) $ 1.02
    • susdssUSDS (SUSDS) $ 1.05
    • ethereum-classicEthereum Classic (ETC) $ 19.43
    • crypto-com-chainCronos (CRO) $ 0.101899
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • internet-computerInternet Computer (ICP) $ 5.46
    • official-trumpOfficial Trump (TRUMP) $ 14.18
    • bitcoinBitcoin (BTC) $ 103,528.00
    • ethereumEthereum (ETH) $ 2,376.09
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.38
    • bnbBNB (BNB) $ 658.38
    • solanaSolana (SOL) $ 171.60
    • usd-coinUSDC (USDC) $ 0.999939
    • dogecoinDogecoin (DOGE) $ 0.222954
    • cardanoCardano (ADA) $ 0.791698
    • tronTRON (TRX) $ 0.263728
    • staked-etherLido Staked Ether (STETH) $ 2,371.28
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,469.00
    • suiSui (SUI) $ 3.95
    • chainlinkChainlink (LINK) $ 16.20
    • avalanche-2Avalanche (AVAX) $ 24.04
    • wrapped-stethWrapped stETH (WSTETH) $ 2,861.64
    • stellarStellar (XLM) $ 0.301976
    • shiba-inuShiba Inu (SHIB) $ 0.000016
    • hedera-hashgraphHedera (HBAR) $ 0.207477
    • hyperliquidHyperliquid (HYPE) $ 25.19
    • the-open-networkToncoin (TON) $ 3.37
    • bitcoin-cashBitcoin Cash (BCH) $ 419.16
    • leo-tokenLEO Token (LEO) $ 8.70
    • usdsUSDS (USDS) $ 0.999966
    • litecoinLitecoin (LTC) $ 102.74
    • polkadotPolkadot (DOT) $ 5.07
    • wethWETH (WETH) $ 2,372.95
    • moneroMonero (XMR) $ 317.04
    • wrapped-eethWrapped eETH (WEETH) $ 2,532.23
    • bitget-tokenBitget Token (BGB) $ 4.78
    • pepePepe (PEPE) $ 0.000013
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • pi-networkPi Network (PI) $ 0.728324
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,504.00
    • ethena-usdeEthena USDe (USDE) $ 0.999928
    • whitebitWhiteBIT Coin (WBT) $ 30.30
    • uniswapUniswap (UNI) $ 6.56
    • bittensorBittensor (TAO) $ 447.25
    • nearNEAR Protocol (NEAR) $ 2.97
    • aptosAptos (APT) $ 5.75
    • daiDai (DAI) $ 1.00
    • aaveAave (AAVE) $ 218.61
    • okbOKB (OKB) $ 54.91
    • ondo-financeOndo (ONDO) $ 1.02
    • susdssUSDS (SUSDS) $ 1.05
    • ethereum-classicEthereum Classic (ETC) $ 19.43
    • crypto-com-chainCronos (CRO) $ 0.101899
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • internet-computerInternet Computer (ICP) $ 5.46
    • official-trumpOfficial Trump (TRUMP) $ 14.18