The Blast community has initiated a proposal, planning to use an annual income of 36 million US dollars to repurchase BLAST tokens

According to official news, the community of Ethereum Layer2 network Blast has released a proposal titled "Buyback BLAST Tokens and Earn Profits". The proposal states that there is a narrative problem with Blast. To solve this issue, attention must be paid to the price; it proposes 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 instead immediately obtain liquid BLAST tokens.

The proposal points out that currently, there are $1.2 billion in profit assets on Blast L2. Conservatively estimated at an annual return rate of 3%, it can generate $36 million per year which can be used to purchase BLAST on the open market, equivalent to about $100,000 in bids daily. Calculated at current prices, this bid would cause a daily fluctuation of +4.8%.

It is reported that this proposal will result in an annual buying pressure of $36 million for $BLAST tokens and also make user acquisition and participation activities more effective thereby recalling users/builders and initiating another growth flywheel laying the foundation for mobile application releases.