Add more BLIP type process to section 4 so there is more flexibility in proposals

BLIP - Research and Discussion
1

BLIP Research and Discussion Proposal

Proposal Type

Governance proposals must fall under one of the categories set forth in Section 4 of the Blast Foundation’s Governance Bylaws.

Executive Summary

This proposal addresses the need to expand Section 4 to incorporate more processes and enhance the utility of the $Blast token. The impacted stakeholders include $Blast token holders, protocol partners, and the broader DeFi community. The expected outcome is a more valuable and dynamic $Blast token with increased utility.

Motivation

The motivation behind this proposal is to ensure that the $Blast token does not become a mere governance token with limited utility. By expanding Section 4, we can introduce more processes that align with the vision of Blast DAO, incentivizing long-term holding and active participation from the community and external protocols.

Proposal Details

Current Processes

  • ETH
  • USDB
  • Reserve fund
  • Controlling DAO proposal members

Need for Expansion

To ensure the $Blast token becomes more than just a governance token and gains broader utility, we propose expanding Section 4 to include more diverse processes.

Proposed New Processes

  1. Protocol Integrations

    • Enable protocols’ tokens (e.g. Juice Finance’s $Juice) to generate Blast points, giving users more reasons to hold their tokens and aligning with Blast’s vision of incentivizing long-term holding for jackpots.

  2. Utility Proposals

    • Allow community members to propose new utilities for the $Blast token, ensuring it remains dynamic and valuable.

  3. Delegation and Competition Model

    • Develop a delegation model where users can delegate their $Blast tokens to projects. This would create competition similar to Curve wars, where projects compete for $Blast delegation to access Blast gold.

Endgame Vision

By expanding Section 4 to include these new processes, we can create an ecosystem where the $Blast token’s value and utility are continually enhanced. The ultimate goal is to have $Blast tokens highly sought after, with protocols and users actively participating in the ecosystem.

Implementation

  • Protocol Integrations: Partnerships with DeFi projects like Juice Finance.
  • Community Utility Proposals: Establishing a platform for community members to submit and vote on utility proposals.
  • Delegation Model Development: Creating and testing the delegation and competition model.

Associated Costs

The total anticipated costs to implement the BLIP include:

  • Fixed Costs: Development and integration expenses, estimated at $50,000.

Prior Proposals

NA

Conclusion

Expanding Section 4 to incorporate more diverse processes will significantly enhance the utility of the $Blast token, ensuring it remains valuable and central to the Blast ecosystem. This will align all stakeholders and drive the long-term success of Blast DAO.