The second phase of Blast’s “Golden Points” will be issued soon. How can we earn points efficiently?

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Azuma
half a month ago
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Which projects have the best cost-effectiveness? Where are the leverage opportunities? Which tracks are suitable for accelerated rush?

Original|Odaily Planet Daily

Author: Azuma

The second phase of Blast’s “Golden Points” will be issued soon. How can we earn points efficiently?

Last weekend, Blast officially announced the distribution details of the second phase of Gold Points (Blast Gold), and announced that it will distribute a total of 10 million Gold Points to 70 ecological projects this week.

As another major contribution evaluation indicator independent of the ordinary points system that is becoming increasingly inflated, since Blast has previously stated that 50% of the airdrop shares will be allocated to gold points holders, the gold points are also considered to be the most valuable on Blast .

Compared with the first phase of allocation opportunities, the total allocation of Golden Points in this phase (10 million) has not changed, but the number of selected projects has been halved (140 in the first phase), and Blast has used a brand-new algorithm in this phase of allocation - track weight (used to evaluate the importance of the track to the ecosystem) * Native level weight (used to evaluate the depth of binding between the project and the Blast ecosystem) * Application design weight (used to evaluate whether the project design fits the characteristics of Blast) * Incentive effectiveness weight (used to evaluate whether the project has effectively distributed points).

Based on this algorithm, the distribution of Golden Points in this period has also undergone major changes. The more obvious changes are : First, the difference in distribution amounts between head projects and long-tail projects has been further widened; second, the SocialFi project has generally obtained a larger quota due to its higher track weight; third, some projects that have had safety accidents, such as Pac Finance and Munchables, missed all the Golden Points in this period because their application design weight score was 0.

For details on the distribution of Golden Points in this issue, users can refer to the official chart .

The second phase of Blast’s “Golden Points” will be issued soon. How can we earn points efficiently?

So, how can we use funds efficiently in this allocation to earn more gold points? From my personal experience, there are roughly three strategies that can be used to earn points in parallel.

Strategy 1: Large funds seek stability

The first type of strategy is more suitable for large funds. Since the Blast ecosystem has always been known for its chaos, for the sake of fund security, it is recommended that users try to invest large funds in ecological leaders such as Thruster, Juice, Orbit, or projects that have received investment from well-known institutions.

Most of these projects are common DeFi types such as DEX, lending, and derivatives. We will make a simple comparison of the score brushing efficiency (shares/TVL) of these projects in the table below. For security concerns, we only selected a few relatively well-known projects for each sub-sector.

The second phase of Blast’s “Golden Points” will be issued soon. How can we earn points efficiently?

It should be noted that the above table is only our static calculation based on Gold Points/TVL. The actual efficiency situation still needs to refer to the specific rules of major projects.

Strategy 2: Small capital leverage

In addition to the simplest and most stable lending and market making methods, there are also many leverage opportunities for gold points in the Blast ecosystem. These opportunities have greater profit potential, but relatively speaking, the liquidity risk and liquidation risk will also be higher, and are relatively more suitable for trying with a small proportion of funds. Here are a few simple examples.

For example, there are multiple combined income strategies for USDB and WETH between the lending protocols Thruster and Juice and the yield optimization protocol HyperLock. Taking the Renzo V3 LP strategy in the figure below as an example, users can earn multiple incomes such as Renzo points, Eigenlayer points, Thruster points, Juice points, HyperLock points, Blast points, and Blast gold points by leveraged lending in Juice , market making in Thruster, and pledge optimization in HyperLock .

The second phase of Blast’s “Golden Points” will be issued soon. How can we earn points efficiently?

The second phase of Blast’s “Golden Points” will be issued soon. How can we earn points efficiently?

In addition, some protocols will also provide different degrees of incentives to different users through conditions such as locking positions. For example, the derivative project Bloom mentioned in the previous table allows market making on the platform with an optional lock-up period ranging from 30 days to 180 days (you can also choose not to lock positions), thereby obtaining 1.2 to 4 times the points (including gold points) gain compared to ordinary users. However, this gameplay is only suitable for users with low liquidity requirements, and users with large funds are not recommended to participate.

The second phase of Blast’s “Golden Points” will be issued soon. How can we earn points efficiently?

Strategy 3: Accelerate gameplay in unpopular tracks

At the beginning of its creation, Blast mentioned that the chain is positioned as an interest-bearing Layer 2 that mainly serves DeFi. This positioning also makes the Blast ecosystem have the characteristics of a large number of DeFi projects and a huge amount of funds. Based on this background, instead of competing with whales in the DeFi track for the amount of funds, it is better to choose some relatively unpopular tracks to speed up the score. The following are a few simple examples.

In the second phase of the distribution of Gold Points, DistrictOne and Fantasy, two major SocialFi projects, both received more than 730,000 Gold Points, ranking second in share. Among them, Fantasy, as a new project that will soon be launched on the mainnet, has great expectations for point benefits. Currently, Fantasys early airdrop activities are still in progress. Users connect to the X account, verify the wallet, and then deposit money into the smart contract account provided by Fantasy to continue to complete the airdrop task and prepare for the upcoming Gold Points distribution.

The second phase of Blast’s “Golden Points” will be issued soon. How can we earn points efficiently?

In addition, the battle-type blockchain game project Captain Company also received nearly 550,000 gold points this time. Players who like naval battle themes can score points while playing.

The second phase of Blast’s “Golden Points” will be issued soon. How can we earn points efficiently?

For another example, BLASTR, an NFT project that has received 90,000 gold points this time but has a TVL of only a few million dollars, provides a refundable NFT casting mechanism and promises to distribute 100% of the gold points to the community, of which 50% will be distributed to the creators of the NFT, but requires that the NFT series have at least 100 holders and the funds in the casting contract (refundable) must exceed 5 ETH. For ordinary users who cannot reach the creator threshold, they can also choose NFT series that promise to distribute gold points to the casters to form a team to score points.

The second phase of Blast’s “Golden Points” will be issued soon. How can we earn points efficiently?

There are thousands of roads, but safety comes first

In short, due to the official incentives of Blast, the number and categories of projects in the ecosystem are already quite rich, which also allows users to have countless strategies to earn gold points in the ecosystem. The above content is only a brief summary made by the author based on his personal interaction experience over the past period of time. It does not represent the most efficient scoring strategy, but it is enough to help many users who do not know enough about the Blast ecosystem avoid some detours.

It should be noted that the Blast ecosystem has always been known for its “wildness”. Please be sure to do background checks yourself before interacting with various projects, including but not limited to checking financing history and audit information. I personally recommend that ordinary users try to interact with top projects with higher TVL and points shares. After all, safety is the premise of everything.

Original article, author:Azuma。Reprint/Content Collaboration/For Reporting, Please Contact report@odaily.email;Illegal reprinting must be punished by law.

ODAILY reminds readers to establish correct monetary and investment concepts, rationally view blockchain, and effectively improve risk awareness; We can actively report and report any illegal or criminal clues discovered to relevant departments.

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