Recent data shows that Blast, the new layer two (L2) blockchain platform, has amassed a significant $660 million in value within its decentralized finance (defi) protocol. At the same time, as the initiative accumulates a variety of crypto assets, it has begun a search for experienced senior blockchain developers.
As the L2 Blast Project raises $660 million, it’s looking for developers
Lately, Blast has become a point of interest. This project, conceptualized by Pacman, the brains behind the non-fungible token (NFT) marketplace Blur, has quickly gained popularity. Within a span of less than a week, the total value of the platform (TVL) increased to approximately $400 million.
At the same time, Blast faced accusations that it resembled a Ponzi scheme. During this period, Paradigm, one of the key investors in the project, admitted that the team had gone too far in certain aspects of communication and implementation.
Pacman has also refuted the Ponzi scheme allegations and further clarified that Paradigm had no role in shaping Blast’s market entry strategy. In just five days after these events, Blast witnessed an increase in TVL to $660 million, supported by an additional $104 million infusion.
Notably, on November 30, when TVL reached $634 million, Blast announced its intention to expand its team and announce open positions.
“Appointment announcement,” Blast declared. “Blast has reached $634 million TVL among 67,757 community members. We are looking for a senior devops engineer and a senior protocol engineer. Please get in touch if you would like to contribute to Blast.”
The hiring announcement sparked skepticism upon its release, as observers questioned the project’s lack of technical staff. “No mainnet, no testnet, no code, no employees, $634 million TVL,” one commenter scoffed, sharing an image of Pepe the frog.
Skepticism continued to rise on social media platform X, where another user exclaimed: “This can’t be real LOL.” Doubts persisted, with a further comment stating: “Yes, this isn’t going to end well.” The severity of the situation prompted another individual to ask, “Do you need a lawyer?”
Another person jokingly replied:
Does anyone know how to make an L2? We need help!
Currently, Blast has a portfolio of 198,733 ether, 73,518 staked ether (STETH) and significant amounts of stablecoins: 39.56 million USDC, 30.66 million tether (USDT) and 15.6 million DAI tokens. The role of senior protocol engineer, as described in the job specification, is crucial.
This person will contribute significantly to the team’s adaptation of the open-source OP Stack, which is rooted in go-ethereum. The OP Stack represents a unified, shared, and open-source development framework that fuels optimism, overseen by the Optimism Collective. Several L2 forks are based on the OP Stack.
What do you think of the L2 project Blast? Let us know what you think in the comments below.
