About blend ranges
Blend ranges allow you to specify how tonal values of a layer blend with the layer(s) below. You can set the range of the tonal values affected and can set the range to have any level of opacity (from opaque to transparent).
The blend range of the selected layer and the underlaying layer(s) is controlled via the spline graphs under the More options.
You can change the blend range for individual color channels by changing the setting above the spline graphs.
About blend gamma and antialiasing (RGB documents only)
Layer options allow you to adjust the blend Gamma of the selected layer. This gives you the option of designing using a linear-RGB color space (1.0), regular sRGB-blending (2.2) or any gamma value up to 3.0. In other words, it gives you full control over how the tones of semi-transparent or antialiased edged objects interact with colors underneath.
Antialiasing is the reduction of the jagged appearance of lines on a pixel grid. Antialiasing is achieved by the addition of semi-transparent pixels along the line to smooth the transition from the line's edge to background objects. This area of transition is sometimes referred to as the antialiasing ramp or antialiasing coverage.
Layer options allow you to adjust the antialiasing ramp (coverage) of the selected layer, as well as control how (and if) antialiasing is inherited or set independently of other layers. For improved workflow, child layers nested hierarchically in a parent layer can inherent the parent layer's antialiasing setting automatically but can be forced to apply antialiasing or ignore it.
To change blend ranges: