Boost Spins / Points
Last updated
Last updated
The addition of the BOOST element makes farming the Blast airdrop through Boost potentially more attractive than directly farming Blast.
For every 1 ETH lent or bid on Boost, a user qualifies for 1 BOOST spin.
Each boost spin will give users a random number of BOOST points.
Over the epochs, the average payout of a spin (in BOOST points) will decrease. Therefore, participating in earlier epochs will give users the higher chance of qualifying for more BOOST points.
Users that either lend or bid ETH at the beginning of the epoch naturally take the most risk. This is because they have less information on the final lent ETH / bid ETH ratio.
To reward those that are depositing with least information, Boost rewards early depositors in each epoch with Super Spins.
Super spins give multipliers on the average expected payout of a BOOST spin. During the first hour of an epoch, all depositors qualify for super spins.
The maximum super spin multiplier is 10x, while the minimum is 2x.
The multiplier decreases based on how much has already been deposited in the pool a user is entering.
At least 65% of BOOST supply will be allocated to BOOST airdrop points. BOOST will be claimable shortly after Blast L2's mainnet launch, directly on Blast mainnet. All BOOST will be unlocked immediately.
Boost will become an index protocol on Blast that "boosts" the rest of the Blast ecosystem by supporting them with the Boost treasury.
The Boost treasury will be governed by BOOST holders. Voters will decide how the treasury is allocated to various projects on the Blast ecosystem. For example, if the BOOST community decides to all-in the treasury into the first meme token on Blast, the liquid treasury will be fully converted into the token chosen.
Remainder of BOOST will be allocated to liquidity/development. Any excess/unallocated tokens will be added to the airdrop, burned or returned to treasury in the future.
The treasury will include the following:
ETH from the stETH interest generated while Boost lenders' ETH are locked in the Blast airdrop farm.
Blast from any dev airdrop that is awarded to Boost. While 700M+ TVL is competing for Blast's liquidity airdrop, there is significantly less competing for Blast's developer airdrop. Any and all dev airdrop tokens given to Boost will be sent directly to the treasury as soon as they are received.
5% transfer fees generated from BOOST trading. BOOST will enable the fee-on-token-transfer option in order to grow the treasury over time.
