Paradigm researcher says Blast’s dubious launch sets ‘bad precedent’
Paradigm researcher Dan Robinson questioned Blast’s launch scheme, saying the VC firm doesn’t endorse ‘these kinds of tactics.’ Blast, a layer-2 network announced by Blur founder Tieshun Roquerre, is now facing criticism from its own backers after security experts raised concerns surrounding the network model following a rise to over $300 million in total value locked (TVL) in the protocol. There are a lot of components of Blast that I’m excited about and would be interested in engaging with people on. That said, we at Paradigm think the announcement this week crossed lines in both messaging and execution. For example, we don’t agree with the decision to launch the… — Dan Robinson (@danrobinson) November 26, 2023 Dan Robinson, a researcher at Paradigm, a crypto-focused venture firm, which backed Blast for $20 million, said in a recent X post the firm has been discussing its “concerns” with the Blast team, noting “there are still ma...