What is the profit from Blast coin airdrop? Blast coin airdrop tutorial

The Blast coin airdrop will be launched on June 26. Blast coin is a new currency that everyone is paying attention to. It was previously expected to be airdropped in May 2024. However, due to some reasons, it is now temporarily scheduled for June 2024. However, Blast will increase due to the delay. The airdrop distribution can be considered as compensation for everyone.

What is the current Blast coin income situation? How to get airdrop of Blast coins? Today’s article mainly introduces you to the Blast coin revenue forecast and the steps to obtain the Blast coin airdrop in detail. Friends who need it can take a look!

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Blast: Airdrop will be launched on June 26th

Golden Finance reported that the Ethereum L2 network Blast issued a statement stating that its airdrop activity will be launched on June 26th. , this has exceeded the originally expected May, sorry for the delay, for this reason, the airdrop allocation will be increased. There will be two final Dapp Gold distributions before the airdrop.

Income estimation

1. Blast asset income mainly consists of basic income and airdrop income. Among them, the pledged ETH obtains an annualized return of approximately 4% on LIDO, while U obtains an annualized return of approximately 5% on MakerDAO.

2. Based on the estimated value of Blur’s first two rounds of airdrops (the first round was US$300 million and the second round was US$200 million), the value of this Blast airdrop is approximately US$200 million. The airdrop rewards obtained by Blur and Blast staking will each be half, while Blast staking and developers will each share another half. After distribution, it is expected that approximately US$50 million in airdrop rewards will be given to Blast stakers.

3. The current pledged funds of Blast are US$450 million, and it is expected to be no less than US$1.5 billion by February. US$50 million is allocated to US$1.5 billion, and the average principal return is 3.3%. The 3.3% return in half a year is equivalent to an annualized rate of 6.6%.

4. In summary, the estimated annualized return is 4%+6.6%=10.6%. Users who participate earlier, stake more, and have higher luck will get higher returns.

What is Blast

Blast is a Layer 2, which can provide passive interest generation for the funds in the Layer 2 account, which is very attractive to many idle funds on the Layer 2. In the crypto market, cryptocurrencies can be divided into two categories in terms of token models. One is deflationary cryptocurrencies represented by Bitcoin, which have a fixed upper limit on the number of tokens and no additional issuance; the other is deflationary cryptocurrencies represented by Bitcoin. The total amount of inflationary cryptocurrencies based on Ethereum is increased at a fixed proportion every year, which gives ETH a stable staking yield of 3% -4%, and Blast's interest income comes from this.

Specifically, when a user deposits funds into Blast, Blast will then use the corresponding ETH locked on the Layer 1 network for native pledge of the network (currently mainly on Lido), and use the obtained The ETH staking income is automatically returned to users on Blast. In addition to ETH that can participate in native staking, Blast also supports passive interest generation of stablecoins. The specific operating mechanism is that when users bridge stablecoins (such as USDC, USDT and DAI) to Blast, Blast will then deposit the corresponding stablecoins locked on the Layer 1 network into U.S. debt-based DeFi protocols such as MakerDAO, and use Earnings will be automatically returned to users on Blast in the form of USDB (Blast's native stable currency). According to Pacman, Blast’s vision is not just to serve Blur, but to support all types of Dapps, such as DEX, lending, derivatives trading, NFTFi, and even SocialFi.

Currently, Blast has completed US$20 million in financing co-invested by Paradigm and Standard Crypto.

Airdrops and Points System in Blast

Blast has a very interesting token economics, according to which 50% of the tokens are allocated to developers and 50% are used for airdrops .

The token circulation reached 175,553,096,633,449 tokens!

The airdrop itself is scheduled to be released in May, so such a project with an ecological airdrop deserves attention.

Due to Blast’s own profitability (ETH/WETH is about 4%, USDB is about 5%), the wallet balance will also increase over time, and the ecosystem The points earned in the system will also increase.

To replenish tokens (ETH, WETH, USDB, DAI) you can use a bridge.

Let’s consider the mechanics of Blast:

Blast Referral System: The project has a 2-level referral system where you can earn +16% on any points earned from your referrals, via Earn +8% on any points earned from your referrals - so create an account to farm and actively hunt for drops!

Passive income mechanism: By holding ETH or stablecoins in the Blast network, you can earn passive income at an annual rate of 4% or 5% respectively. This is done without staking or locking the tokens – similar to the liquidity staking we discussed earlier. The project's profits come from the Lido (for ETH) and MakerDAO (for stablecoins) protocols.

How DApp works: DApps are monetized in the same way as regular wallets, depending on TVL. When ETH/WETH/USDB is transferred to a DApp, the decentralized application starts to earn as much revenue as the tokens transferred.

Promotion: Promotion can increase the profitability of points. The more ETH/WETH/USDB you hold, the more rewards you receive and the more points you earn.

The main advantage of a large TVL for projects is that Blast may be able to build a blockchain that the community actually uses because it is convenient and has a good ecology due to appropriate incentives for developers system, and ultimately the project will have a very strong community, just like Arbitrum, which ultimately has a very positive impact on the token price.

The main disadvantage is that the larger the TVL, the more intense the competition and the more dilute everyone’s losses will be.

Blast should be considered a very interesting farming opportunity, with the right approach you can achieve 3x+ returns on large sizes with minimal risk.

What is the core gameplay of Blast?

In addition to airdrop self-rewards, another focus of Blast that attracts attention is its positioning as a Layer 2 network that can generate income for users. As shown below.

However, currently most of the ETH in Blast has actually been deposited into Lido for staking. In other words, Blast’s core functionality mainly consists of Ethereum staking and Ether.

To put it simply, the current core gameplay of Blast is: users deposit funds into Blast, and then Blast mainly uses the Lido platform to use these funds for pledge on the Ethereum main network (Layer1). In this way, users can not only get staking benefits, but also Blast rewards. However, in essence, there is no unique difference between this kind of staking and users staking directly on the Lido platform.

Therefore, the fundamental purpose of Blast adopting this strategy seems to be to increase its total locked value (TVL) and attract more users to participate. The reason why users choose to participate seems more to get additional Blast rewards.

Judging from the nature of financial markets, liquidity tends to flow to those places that can provide the highest returns. Blast has captured this key point, and currently Blast L2 seems to be leading this liquidity trend. This is a dual consequence for users, even if crypto assets are transitioned to the Blast chain, stablecoins and other tokens such as ETH will retain their original coal while also receiving additional Blast rewards.

In general, users actually indirectly participate in the pledge of ETH by depositing assets into Blast, and Blast will directly return the pledge proceeds to these users and dapps (developers). At the same time, the asset balance deposited in Blast will be automatically restored, and additional muscles can be obtained from Blast rewards.

In addition, in addition to earning income by depositing ETH, depositing stablecoins is also a way to earn income. Specifically, when you bridge stablecoins such as USDC, USDT, and DAI to Blast, Blast will increase the deposit of these assets into protocols such as MakerDAO, and return the generated revenue to Blast users through Blast's automatic base stablecoin USDB.

It is worth noting that users who participate in depositing assets into Blast will be locked for 3 months until the official launch of the Blast mainnet in February 2024.

No matter how you look at it, the Blast strategy does look quite attractive in the short term right now, as is evident from its rapidly growing TVL numbers. As more and more well-known figures begin to promote it, and early participating users can receive airdrop rewards, it will inevitably continue to cause more users to have a wave of FOMO about Blast. As for the sustainability of Blast’s strategy and gameplay, and whether the platform will face a large number of junk projects in the future, it is still difficult to predict. We will continue to pay attention to the development!

Airdrop Tutorial

Share a few invitation codes, no worries.

http://blast.io/RI5A4

http://blast.io/ATJPE

http://blast.io/JH887

http://blast.io/AD07J

http://blast.io/P555D

http://blast.io/N4LE3

http:// blast.io/8FNTP

http://blast.io/W4PP3

1. Enter in the browser: blast.io/ZK16X, and then click to redeem the invitation code. During the redemption process, a valid invitation code must be provided to complete the registration.

#2. Bind X, connect to DC account, and connect to wallet. Each wallet address needs to be bound to an X and DC account and cannot be used repeatedly.

#3. Complete wallet analysis and obtain initial points and lucky value (10%).

4. Click "Bridge More" to operate and obtain the number of spins by staking ETH. The amount of ETH pledged determines the number of spins per week. For every 1 ETH pledged, you will get one spin opportunity. By spinning, you can earn points, which can be used to earn airdrop rewards.

5. If you want to get full points, you can create three accounts ABC, account C will be used as the main account, and account AB will be used to get invitation rewards.

6, group play, this has nothing to do with directly obtaining points, but it can increase the lucky value. The higher the lucky value, the super spin (2-10 times the normal spin profit) The higher the probability; for every 5e recharge, the recharge account can get 2 flops, and other members of the group (the upline and downline of the recharge account) can get 1 flop, and the flops have a chance to increase the luck value.

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