✍️Why Liquid Staking on Blast
We've decided to build on Blast because it has proven to be a liquidity blackhole with $1.5B bridged. It offers an exciting opportunity to innovate on the LSDfi concept. Also, Blast is becoming a very competitive land of projects fighting for users to stake their ETH and USDB. This kind of market dynamic focused on yield capture has never been done before, so we also need to explore opportunities that have not been done before.
Our Hypothesis:
Users who have staked their ETH/USDB on a DAPP would be inclined to lock their position and receive liquid tokens in return. This allows them to continue farming and provides direct access to liquidity.
By establishing a new market for users staking native assets and offering a liquid staking solution with implied yield through a future protocol token, we aim to attract users.
Hydrogen is the solution that builds on these ideas!
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