The Great Blast Pyramid

As the saying goes, the mainnet hasn’t even started working properly yet, and everyone in Blast is already buzzing. They even managed to distribute a drop to bridge users. You can claim here. Currently, it’s about $60 per bridge account. Animators, rejoice.

Disclaimer: This content is not financial advice. Perform your own research. I am not sponsored or compensated by any mentioned company.

At night, the network officially launched, and now it’s not just a bunch of wallets with money, but a whole blockchain. And what happens with blockchains at launch? Drops happen!
That’s exactly why we are gathering today and will go loot what I’ve found there.

Almost all tips are for those who already put into BLAST before the transition, so if you didn’t throw — you can check, but don’t get your hopes up too high.

The pyramid level, now depicted in the airdrop tab in 4 levels, has increased. What’s new?

Now, in addition to points on your balance, there are also multipliers for activities. So, the main task becomes collecting as many of them as possible while keeping your deposit size as close to the original as possible. This is what I plan to do. By the way, the docs say that you won’t have to risk your deposit much for the multipliers. Just interacting with the specified dapp is enough. The first multipliers are promised to launch on March 13th. This allows at least leveling the playing field between whales and small banks in terms of multipliers.

Points continue to be farmed for holding ETH/WETH/USDB in your wallet, and the native yield accelerates the farming process. But there’s an interesting novelty regarding the ecosystem. The responsibility for calculating points for participation in dapps is placed on the ecosystem applications themselves. All points must be returned to your balance by the time of the drop, and projects need to integrate the corresponding API for accurate counting and redistribution. An even more interesting point — any attempt to make points liquid automatically leads to their annulment… because nobody except the Blast team should determine the price of Blast :) Therefore, where you hold the balance should not matter if the developers did everything right.

Dapps are now mining gold. It is intended to stimulate the growth of dapps and also 100% of the gold obtained by teams must be redistributed to users. That is, it’s a standard proxy program for incentivizing participation in the ecosystem through future distributions of Blast tokens in applications.

I managed to try out Mangrove — the winner of Big Bang with Wintermute on board, drop PUMP on Trustier — good job being the first, and also to leverage ETH in ZeroLend (6% on lending Ether, 26% on USDB deposit). In the latter, points and gold for lending and loans have already been announced and shown in positions. In this multi-chain lending, I am also actively farming drop tokens Manta in Pacific.

In the end, it turns out to be a pyramid that tries in every way to encourage user participation in the ecosystem in any form, as well as to level the playing field in collecting points between whales and low banks (at least at the level of multipliers), making participation in the ecosystem not only for whales but also for multiple farms.

What else is there to note? The network works properly, but the deposit and withdrawal from lending cost me about $5, which is not cheap at all compared to other L2s. And the projects are very raw, and half of the websites are just lying down. So be careful. Although on top projects like ZeroLend, Trustier, Mangrove, Particle, Ambient everything should be okay.

What do you need to know about points in Blast?

So, points can be farmed simply for holding ETH, WETH, and USDB in the Blast network. The more you hold on balance, the more points will drip, which, by the way, will be credited every block.

Also, points can be farmed for interacting with various dApps, and their amount depends on the TVL of the protocols themselves. By the way, the distribution of points will be carried out by the projects themselves.

Points will also be credited for referrals. The system is two-level: 16% from your refs’ points and 8% from the points of those invited by your refs.

Also, a multiplier system was introduced. There will be 12 of them, which will be unlocked in fours: March 13, April 1, and May 1. Plus, they throw a x10 boost to points for early use of Blast before the mainnet.

In addition to all this, they introduced another type of points: Blast Gold. Essentially, the mechanics of farming Gold are the same as with regular points, except for holding tokens. Gold will sprinkle for interacting with protocols and for inviting referrals with the same percentages: 16% and 8% respectively.

50% of the future drop is allocated for both Blast Points and Blast Gold, so it makes sense to farm both. You can read more in the article at the link.

What now?

If you did not participate in Early Access, you can still bring into mainnet through the bridge and participate in this FOMO SAPIENS festival.

To do this, follow the link and enter one of the codes: IZ8CG, MW7V0, 053IA, F77O8, 4ON9D, YHHJ9, HTA6S, G1ODL.

Now we’re in the mainnet. After transferring assets, you will still receive points. Here comes into play a new mechanic, aimed at maximizing user engagement — the multiplier system.

How does this system work?

Points(50% drop on them):
1. You have a basic points counter, which depends on your balance of ETH/WETH/USDB. This is all displayed on the dashboard.
2. You also receive a part of the points from your referrals 16% and 8% for the 1st and 2nd level respectively.
3. Applications (dapps) on Blast also distribute Blast points, but they must integrate the Blast Points API. The list of applications

Multiplier:

You need to interact again with approved applications from the list. You can get a multiplier up to x12. Note: you don’t necessarily have to spend $$$ to get a multiplier, just a transaction interaction with the application contract. Whales have no advantage here.

Gold(and 50% drop for it):

1. Gold is intended for applications operating on Blast. It is not distributed automatically, unlike points, but manually by the Blast team.
2. Applications that received gold for distribution are all listed in the same list.
3. Applications distribute 100% of the gold among users. This is a system for encouraging the use of applications on Blast.
4. The ref system is also applicable to gold. 16% and 8%.

What do we have?

Obviously, we need to max out the multiplier.
We’re exploring applications, some are already distributing drops.
Some are just planning to.
In general, a huge space for action.

Interesting in the list of applications is SynFutures — an old project, collected a lot of money from top funds. Futures garbage.
Judging by the TVL, few people have figured it out at all yet. They are already distributing drops to GMX, dYdX traders, etc.

I’ll be minting NFTs too. I have a few WLs. They also won in Big Bang.

Also charged they also won in big bang and launched their point system. Shouldn’t be skipped either.

I’ll be looking at the rest. That’s it for now

MOST IMPORTANT

To claim drops and NFTs — we need money in Blast. You can transfer it through the Orbiter bridge, I transferred about 10 dollars from ZkSync:
CLICK

All drops and claims are strictly DYOR. I’ll only share what I’ve touched myself. But who knows what they might put in at any moment