Blast drops ‘L2’ from X username, reduces withdrawal time from 14 to 7 days
After monitoring withdrawals for four months, the developers concluded that longer withdrawal times were no longer necessary.
Ethereum layer-2 Blast network has cut its withdrawal times in half, from 14 days to 7 days, according to a July 16 X post from the network’s development team. The network previously required longer withdrawal times “in order to provide a buffer for Lido withdrawals.” The team claims that this longer wait time is no longer necessary.
The team posted the message from a new X account, @blast, which replaces the @blast_l2 account that it previously used. The previous account announced the new account’s existence in its profile.
In an associated thread, the team stated that Blast core contributors have been monitoring withdrawals for the past four months and have now concluded that “a smaller buffer would be sufficient to handle nearly all withdrawal activity.” It cautioned that some withdrawals may still take longer than seven days, although this should happen only “in rare circumstances.” Meanwhile, deposits from Ethereum to Blast will still only take “minutes” to process, the post stated.
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Author: Christopher Roark
