BLIP SUBMISSION - Double the Phase 2 Blast Token Allocation for Gold

BLIP - Submission Forum
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Proposal Title: Double the Phase 2 Blast Token Allocation for Gold

Executive Summary: This proposal aims to increase the total supply of Blast tokens airdropped in Phase 2 from 10% to 15%, with the additional 5% going to the gold portion of the Phase 2 airdrop. This would mean the split between points and gold would go from 50/50 to 33/66 for points and gold, respectively. This would help ensure that the growth achieved from S1 is retained and that phase 2 incentives emphasize economic activity.

Motivation: The main goal of seasonal airdrops is to preserve the growth achieved from the previous season’s incentives and, ideally, continue to grow. Offering more tokens than season 1 ensures that remaining on Blast is lucrative. Weighing the distribution more heavily toward gold means that active users in the Blast ecosystem will rightfully get more tokens than idle points farmers.

A network’s success comes from the success of the applications built on top of it, and the success of applications comes from a large and active user base. Gold addresses this, and offering more tokens for gold will ensure that as much of the value bridged onto Blast is mobilized onto Blast applications.

Proposal Details: Allocate an additional five billion Blast tokens to gold holders during phase 2. Gold is off-chain therefore, audits are not necessary

Implementation:

  • Every one gold a user accumulates entitles them to 100 Blast tokens.
  • A total of 100 million gold should be distributed for the entire duration of phase 2.
  • How much gold is disbursed in every distribution event is at the discretion of the Blast team

Associated Costs: There are no associated costs with this

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Thank you for drafting this Blast Improvement Proposal (BLIP). The Foundation has reviewed, and the submitted BLIP does not fall under Tokenholder purview in accordance with Section 4 of the Governance Bylaws.

Nevertheless, we appreciate the well drafted BLIP, as well as the time and consideration that went into this. However, because this BLIP does not meet certain requirements, or does not fall within Tokenholder purview, a Blast Foundation moderator is going to close this thread and move the thread to an archived channel.

While this BLIP does not fall under Tokenholder purview, community ideas and feedback are actively reviewed by the Foundation, and certain aspects can be implemented by the Foundation directly without the need for governance. We encourage community feedback and appreciate you sharing your thoughts here.