Currently, vested $BLAST tokens do not earn points for Blast S2 or yield for the wallets to which they are vested. This is surprising and concerning, as it feels like a missed opportunity for fairness and engagement.
Proposal:
I propose that yield and points be awarded to the accounts where $BLAST tokens are being vested.
Rationale:
- Fairness: It is only fair that vested $BLAST tokens earn yield and points, as these tokens belong to the account holders. The lack of these earnings is unexpected and should be rectified.
- Incentivization: In addition to awarding yield and points to vested tokens, we could further incentivize holders to keep their tokens post-vesting. This can be achieved by offering a points multiplier when the tokens are claimed.
Incentive Example:
- Person A holds 1 million $BLAST, with 500,000 $BLAST vested.
- While vested, the 500,000 tokens earn regular points and yield.
- Upon unlocking, the holder has three options:
- Sell: Selling stops the accumulation of points and yield for those specific tokens.
- Hold: Holding allows the tokens to continue earning points and yield at a standard rate.
- Lock: Locking the tokens adds a percentage-based multiplier to the points earned, based on the time they remain locked.
Why This Matters:
By incentivizing holders to retain their tokens after vesting, we create a healthier community and reward those who choose not to immediately sell. This not only stabilizes the token but ensures vested token holders are fairly compensated for their long-term commitment.
