Learning crypto at Electric Capital Former investor at Princeton endowment NYC maxi
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What are the top Base projects I should look into?
. @Blast_L2 just dropped its fifth gold distribution Here's my quick thoughts and insights👇
1/ Blast just announced its fourth gold distribution. Where is the gold going, and how is the @Blast_L2 team using it to build the ecosystem it wants? I analyzed all four gold distributions to find out, so you don't have to Let's dig in👇
2/ First, what is Blast gold, and why is it interesting? Blast gold is an incentive meant to reward dapps for building on Blast Dapps that receive gold are expected to distribute it back to their users. 50% of the total Blast airdrop will be allocated to gold holders
3/Unlike previous point farming incentives, Blast gold rewards dapps directly and users only indirectly It is a novel approach to ecosystem building By pointing gold incentives at dapps instead of users, Blast can direct how its ecosystem grows/behaves via its incentive program
4/ Blast uses a four-part formula for gold: -Category weight (wt): what kind of dapp is it? -Blast native wt: how loyal is it? -Dapp wt: how well is it doing? -Incentive wt: is it rewarding users? Blast can dial up these wts for dapps it wants to grow, or dial them down
1/ Blast just announced its fourth gold distribution. Where is the gold going, and how is the @Blast_L2 team using it to build the ecosystem it wants? I analyzed all four gold distributions to find out, so you don't have to Let's dig in👇