# BLIP - Staking $BLAST for Native dApp Token Rewards

BLIP - Research and Discussion
1

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 introduces a mechanism for staking or locking $BLAST tokens to receive native tokens of new dApps launching on the Blast Chain. Inspired by models like TIA and DYM, this initiative ensures that $BLAST holders are continuously rewarded with tokens from new projects within the ecosystem. This approach aims to increase the value proposition of holding $BLAST, boost ecosystem activity, and incentivize long-term staking.

Motivation

The success of the Blast Chain relies on maintaining high user engagement and offering attractive incentives for holding and staking $BLAST. By rewarding $BLAST holders with native tokens from new dApps, we create a continuous cycle of value and interest. This model leverages the growth and innovation within the ecosystem to benefit $BLAST holders, ensuring they remain invested in the platform’s success.

Proposal Details

Staking Mechanism

Users will be able to stake or lock their $BLAST tokens in a dedicated smart contract. In return, they will receive native tokens from newly launched dApps on the Blast Chain. The allocation of these rewards will be proportional to the amount and duration of $BLAST staked.

Reward Distribution

  • New dApps Participation: Every new dApp launching on the Blast Chain will allocate a percentage of their native tokens to a rewards pool.
  • Proportional Distribution: Rewards will be distributed proportionally based on the amount and duration of $BLAST staked by each user.
  • Regular Payouts: Token rewards will be distributed at regular intervals (e.g., monthly), providing consistent incentives for staking.

Example Models

  • TIA Model: Users staking TIA tokens receive airdrops of native tokens from new projects.
  • DYM Model: DYM stakers are rewarded with a share of tokens from new ecosystem projects.

Implementation

Smart Contract Development

  • Staking Contract: Develop and deploy a smart contract that allows users to stake or lock $BLAST tokens.
  • Reward Distribution: Implement logic to distribute native dApp tokens proportionally to stakers.

Timeline

  • Week 1-2: Develop and audit the staking smart contract.
  • Week 3: Launch the staking mechanism and begin onboarding new dApps for participation.
  • Week 4 onwards: Regularly distribute rewards to $BLAST stakers.

Contingency Plans

  • Audits: Conduct thorough audits of the staking smart contract and reward distribution mechanism.
  • Feedback Loop: Collect community feedback to refine and improve the staking program.

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.

4 Likes
2

Could this simply be done by allowing existing Blast native launchpads to distribute a portion of their tokens to Blast stakers within their app? For instance Blastoff as an example.

Or are you aiming for a core team protocol to be integrated into Blast itself to ensure it comes from a reputable team and is audited to reduce protocol risk?

1 Like
3

launchpool with $blast token sounds based, however the project needs to be good otherwise its gonna set a bad precedent that blast is incubating bunch of shit pajeets

4

Great idea and good incentive to hold Blast.

1 Like