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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
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