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