Blast, a Layer 2 network created by the founder of the NFT market Blur, officially launched on March 1st, also revealing more detailed information about the Blast token airdrop. How can you maximize your airdrop benefits? And how do you get more Blast Points & Gold? This article will tell you everything you need to know!
(Know More About Blast Network Before Reading: What is L2 Blast? 3 Steps to Increase Blast Airdrop Points!)
What are Blast Points and Gold?
For an emerging blockchain, offering users the expectation of airdrop rewards is often the best marketing strategy. It not only encourages users to actively cross-chain their assets, but also helps the growth of Dapps in the ecosystem.
Blast has done an excellent job in its airdrop mechanism, making it the third largest L2 in terms of TVL shortly after its launch. This is mainly due to the two quantifiable airdrop point accumulation methods, Blast Points and Blast Gold, which increase users’ willingness to explore the Blast ecosystem.
Then, what is the difference between Blast Points and Blast Gold?
- Blast Points are awarded to users for participating in Blast ecosystem activities, such as borrowing, providing liquidity, and trading.
- Blast Gold is distributed to dapps based on their TVL and user activity. Dapps can keep Blast Gold for themselves, or they can distribute it to their users.
In terms of allocation, 50% of the Blast Airdrop is allocated to Blast Points (users), and 50% to Blast Gold (dapps). Blast Gold is distributed to dapps every 2 weeks.
Here is a table summarizing the key differences between Blast Points and Blast Gold:
| Feature | Blast Points | Blast Gold |
| Recipient | Users | Dapps |
| Allocation | 50% of Blast Airdrop | 50% of Blast Airdrop |
| Distribution | Awarded to users for participating in Blast ecosystem activities | Distributed to dapps every 2 weeks based on TVL and user activity |
| Use | Can be used to claim airdrops | Can be kept by dapps or distributed to users |
What are the benefits of earning Blast Points and Gold?
As we can see from the above introduction, accumulating Blast Points & Gold will increase the number of future Blast Airdrops. The most important thing for users about these airdrops is their economic value. Judging from the experience of previous Layer2 airdrops (such as Arbitrum and Optimism), airdrops have the potential to reach thousands or even tens of thousands.
In addition, after the airdrop is distributed, the tokens can also be used in a variety of Dapps in the Blast ecosystem, or used to participate in governance proposals.
Now that we have covered the basics, let’s take a look at how to earn Blast Points and Blast Gold!
How can you earn Blast Points?
There are two main ways to earn Blast Points:
- Bridge assets to Blast (ETH, stablecoins)
- Invite friends to Bridge assets to Blast
In short, if you have idle ETH or stablecoins, you can cross-chain to Blast to accumulate points and invite your friends to join Blast.
There are currently 6 tokens that can be used to accumulate Blast Points, namely:
- ETH
- WETH
- stETH
- USDC
- USDT
- Dai
Simply bridge these tokens to Blast, and Blast Points will be accumulated based on wallet balance. Additionally, point earnings will grow over time as wallet balance increases due to the native yield on Blast (~4% for ETH/WETH and 5% for USDB) as well.
As for inviting users, users will earn +16% on top of any points their invites earn, and +8% on top of any points their invite’s invites earn. This means that the more users you invite to bridge, the more points you can earn!
It is important to note that Dapps earn points at the same rate as wallets based on their TVL. When users transfer ETH/WETH/USDB from their wallet to Dapps, the Dapps will start earning points based on what users transferred over.
This will cause the user’s point earning rate to decrease, so it is important to make sure that the Dapps you use will distribute the points they earn back to users.
Earn Blast Points through XY Finance
In addition to the methods mentioned above, additional Blast Points can also be earned by interacting with specific Dapps. XY Finance is one such example.
XY Finance is the only bridge & DEX aggregator that distributes extra Blast Points to its loyal users. Currently, simply bridging or cross-chain swapping any amount of any token to Blast via yBridge allows you to share over 30 million Blast Points!
How can you earn Blast Gold?
In addition to the user airdrop, Blast also allocates 50% of the airdrop pool to Dapp teams in the form of “Blast Gold.” Blast Gold distribution is manual. Every 2-3 weeks, the Blast incentives committee will distribute Gold and make a public announcement.
Dapps are expected to use Blast Gold as an incentive for their own growth. This means they should ideally pass on 100% of the Gold they receive to their users.
Therefore, by actively using Dapps that share Blast Gold with their users, you can increase your chances of receiving Blast Gold in the future!
How to earn Blast Points & Gold at the lowest efforts?
In short, to earn Blast Points & Gold in the most efficient way, make sure that the Dapps you use distribute 100% of their Points & Gold to users. These Dapps are usually the most popular and have the highest TVL on Blast (you can check the list of Dapps on the Blast website).
(If you don’t know what interesting Dapps are on Blast, this article will take you to explore the Blast ecosystem: Exploring the Blast Ecosystem: Top 6 Dapps Introduction )
However, each Dapp has its own way of distributing Blast Points and Blast Gold. Before using a Dapp, be sure to understand the rules on its official website or X.
Here are 3 examples of Dapps:
Orbit
Orbit is the lending protocol with the highest TVL on Blast. According to its official website, 100% of Points and Gold are distributed to users.
To earn Blast Points, users simply need to lend assets on Orbit. The amount of Blast Points earned will be proportional to the amount of assets lent.
The requirements for earning Blast Gold are more stringent. Most of the Gold will be distributed to users who stake $ORBIT.
Baseline
Baseline is an automated tokenomics engine for ERC20 tokens. According to its rules published on X, users can earn Blast Points in proportion to the amount of WETH they use to purchase $YES.
The requirements for earning Blast Gold are more complex. Users need to add liquidity to $YES pairs on the Spot DEX Thruster, and then stake the LP tokens on the yield protocol Hyperloc to earn Blast Gold as a reward.
SynFutures
SynFutures, a decentralized derivatives protocol, currently supports trading in 8 perpetual futures pairs with leverage of up to 100x.
According to the rules published on its website, the amount of Blast Points that a user earns is based on their Margin Deposit & LP TVL, while Blast Gold is based on Trading Volume.
Specifically, to earn more Blast Gold, users need to trade more on SynFutures. This will cause users to spend more trading costs and also bear greater risks.
From the above examples, we can see that the requirements for earning Blast Gold are usually more stringent. However, we can also infer that the value of Gold is much higher than that of Points. Therefore, if you want to earn high returns through the Blast airdrop, targeting Blast Gold may be able to get more airdrop rewards in the future.
$Blast Phase1 Airdrop Started
Blast started the $BLAST Phase 1 Airdrop on June 26th, distributing a total of 17 billion $BLAST tokens. The total supply of $BLAST tokens is 100 billion, of which 7% will be allocated to users holding Blast Points, and another 7% to users holding Blast Golds.
The Blast team has stated that 50% of the total $BLAST supply is reserved for the community and will be distributed through incentive campaigns. 100% of this allocation will go directly to the community. The community allocation unlocks linearly over 3 years from the date of the TGE, and any distributions will follow schedules determined by the Blast Foundation.
According to data from CoinMarketCap, the price of $BLAST has stabilized at around $0.022 after more than a week since the airdrop.
How to Bridge to Blast?
After fully understanding the Blast airdrop mechanism, the final step is to transfer your assets to Blast and explore its rich Dapps!
XY Finance provides a seamless and efficient method for bridging assets to Blast. Don’t waste your time! You can now bridge tokens to Blast with this simple guide:
- Visit XY Finance and connect your Wallet.
- Select the network you want to transfer tokens from (Ethereum, Polygon, Arbitrum, Avalanche, Optimism + 15 others).
- Select the token you want to bridge from your network to Blast and input the amount.
- Review and confirm the transaction. Your tokens will arrive in under 5 minutes.
(Encountering any problems while bridging? Check out our comprehensive tutorial.)
Everything is ready! Wish you all the best in your journey to earn Blast Points & Gold!