The new proposal from the Blast community proposes to repurchase BLASTToken with an annual income of 36 million US dollars.

PANews reported on December 3rd that the Blast community of the ETH Ethereum Layer2 network has proposed a plan titled “Repurchase BLASTToken and Gain Profits.” The proposal states that Blast has a narrative issue, which can be resolved by following the price; it suggests converting the profits into BLASTToken and using these profits through repurchase. Depositors will retain the full value of their profits: they will not receive ETH or USDB, but will immediately obtain BLASTToken with Liquidity. This proposal will result in a $36 million buy pressure on $BLASTToken annually. The proposal will also make it more effective for users to gain and participate, thereby recalling users/builders and initiating another rise flywheel, laying the foundation for the release of mobile applications. The proposal points out that there are $1.2 billion in revenue assets on Blast L2 currently. With a conservative estimated annual yield of 3%, it can generate $36 million per year, which can be used to buy BLAST on the open market, equivalent to a bid of about $100,000 per day. Calculated at the current price, this bid would result in a daily Fluctuation of +4.8%.