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Apart from the garishness of it all, you will find been criticism of what some commentators explain as a probably risky set up, wherever depositors are effectively relying on religion in an undisclosed group of “engineers” – as opposed to more robust safety steps – to safeguard their cryptocurrency in advance of Blast’s actual start. For now, consumer deposits into Blast’s crypto wallet cannot be withdrawn. And at the very least originally, the juicy yields will never arrive from any internal workings of Blast, but from routing deposits to other yield-paying out assignments, principally the liquid-staking protocol Lido, including still a different layer of chance.
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