Blast Mainnet Incentives

The Blast airdrop is split between Blast Points and Blast Gold. Blast Points are distributed automatically every block to EOA wallets and smart contracts based on their balance of ETH, WETH, and USDB. Blast Gold is distributed manually to Dapps by the core contributors. The purpose of Points is to reward liquidity on Blast, and the purpose of Gold is to be used as incentive firepower that Blast Dapps can use for growth.

Dapps should programmatically transfer Points and Gold to their users via the Blast Points API.

Blast PointsBlast Gold
PurposeReward liquidityIncentives for Dapp growth
RecipientsEOAs, Smart ContractsSmart Contracts
DistributionEvery block, automaticEvery 2-3 weeks, manual
CriteriaBased on balanceBased on traction, Blast-native features
Allocation50% of Airdrop50% of Airdrop
RedemptionMayMay

Blast Points

Blast Points are distributed automatically every block to EOAs and smart contracts based on their balance of ETH, WETH, and USDB. Specifically, EOAs and smart contracts earn Points at a rate of 0.06504987 Points/Block/ETH (around 0.03252493376 Points/second/ETH).

Since users stop earning Points when they deposit funds into a smart contract, there is a slight disincentive for that user to use that smart contract. In order to remove that disincentive, smart contracts can redirect those Points back to their users according to their own internal metrics. This will automatically update the user’s Blast.io Points dashboard.

Smart contracts should track their user’s balances over time (onchain or offchain) in order to distribute the user’s pro rata share of Points accurately.

Smart contracts can also transfer their Points to other smart contracts. This is useful in cases like dexes, where LP positions may be deposited into other protocols.

Blast Points must be redistributed back to users pro rata based on their deposits. Attempts, deliberate or not, to create liquid proxies to Blast Points (ie an erc20 backed by Blast Points) will result in rewards being zero’d out.

Blast Gold

Overview

Blast Gold is distributed manually to smart contracts over time (every 2-3 weeks). An announcement from the @BLAST_L2 twitter will be made every time Gold is distributed.

The purpose of Gold is to reward Dapps in a meritocratic way. Dapps don’t need to have strong connections or be good at BD to get Gold. Dapps that build something valuable for the Blast ecosystem will be rewarded.

Blast Gold is meant to be used as incentives for dapp growth. Attempts, deliberate or not, to create liquid proxies to Blast Gold (ie an erc20 backed by Blast Points) will result in rewards being zero’d out.

Dapps who rug, Big Bang winners who made misleading statements in their submissions/don’t follow through in building on Blast, or Dapps in general who act nefariously in any way may have their Points and Gold zero’d out.

Distribution

Gold will be awarded to Dapps that gain traction on Blast and take advantage of Blast-native features like native yield, gas fee sharing, and even the Blast Points API.

Blast core contributors will also evaluate subjective factors like:

  • whether Dapps seem long-term aligned with Blast
  • whether Dapps are well-designed
  • how thoughtful their incentives are
  • how effectively they integrated with the Blast Points API,
  • etc.

Gold should be used to fuel Dapp growth. We are especially keen to distribute Gold to Dapps that are sending 100% of the Points and Gold to users.

Criteria

Measurements for traction differ per category. There is no specific formula being used, but you can look at some of the example metrics below (only illustrative, not comprehensive).

Spot Dexes

  • Liquidity depth (esp for top market pairs like ETH/USDB)
  • Volume
  • TVL
  • User count
  • User retention |

Perp Dexes

  • Liquidity depth
  • Open interest
  • Volume
  • TVL
  • User count
  • User retention
  • This is not a requirement, but we are especially keen to reward Perp Dexes who monetize off of yield instead of charging their users trading fees |

Lending

  • Supplied assets
  • Borrowed assets
  • User count
  • Usage of borrowed assets (are users borrowing to farm your airdrop or are they borrowing to deploy more across the Blast ecosystem) |

SocialFi

  • Social traction, primarily across CT

GambleFi

  • User count
  • User retention
  • Volume
  • This is not a requirement, but we are especially keen to reward GambleFi protocols who monetize off of yield instead of charging users a rake |

Other

  • Other categories of Dapps will be evaluated based on metrics that make sense for their respective category (to the best extent possible)