BLIP - Adjusting Farming and S2 Drop Distribution to Triannual or Semi-Annual Intervals

BLIP - Research and Discussion
1

Executive Summary

This proposal aims to modify the current annual farming and S2 drop distribution schedule to more frequent intervals, specifically every 4 months or 6 months. The objective is to reignite farming activities, boost liquidity, and re-engage users in the Blast ecosystem. Frequent incentives will ensure continuous excitement and participation, countering the current inactivity caused by the long wait period.

Motivation

The current annual distribution schedule for farming and S2 drops is too long for the fast-paced nature of the crypto world. Users have become disengaged and lazy to farm due to the extended wait time. By implementing more frequent distributions, we can maintain user interest, increase farming activities, and sustain liquidity and overall ecosystem vitality.

Proposal Details

Current State

Currently, farming and S2 drops are scheduled on an annual basis. This has led to a significant drop in user engagement and farming activities, as the long wait time does not align with the expectations of the crypto community.

Proposed Change

  1. Triannually Drops: Distribute farming and S2 drops every 4 months, resulting in three drops in a year.
  2. Semi-Annual Drops: Alternatively, distribute farming and S2 drops every 6 months, resulting in two drops per year.

Benefits

  • Increased Farming Activity: More frequent drops will incentivize users to farm continuously, boosting overall activity.
  • Enhanced User Engagement: Regular rewards will keep the community engaged and excited about participating in the ecosystem.
  • Improved Liquidity: Frequent incentives will encourage users to maintain and increase liquidity within the ecosystem.
  • Sustained Hype: Regularly scheduled drops will create ongoing anticipation and excitement, sustaining the momentum throughout the year.

Implementation

Technical Adjustments

  • Smart Contract Update: Modify the smart contract to support triannual or semi-annual distribution schedules.
  • Automation: Implement automation for calculating and distributing the drops at the new intervals.

Timeline

  • Week 1: Develop and test the updated smart contract and automation tools.
  • Week 2: Announce the transition to the community and begin the new distribution schedule.
  • Week 3 and onwards: Monitor the new distribution process and make necessary adjustments.

Proposed Distribution Schedule

  • Triannually Drops: Distribute drops in Sept, Feb, and June.
  • Semi-Annual Drops: Distribute drops in December (Christmas) and June.

Prior Proposals

This is the initial submission of this BLIP.

True and Complete

By submitting this BLIP, I represent and warrant to the Progress Council and the Blast Foundation that all the information it contains is true and complete to the best of my knowledge.

Discussions needed for this to bring the farming era great again! I miss the old blast days!

Make Blast Great Again!

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