- Blast has announced another round of Gold distribution.
- The latest event features millions of points.
- Eligible dApps can start claiming the points today.
Ethereum Layer 2 network Blast announced on Friday the start of its third Blast Gold Distribution event, featuring millions of points.
The event comes after Blast launched its Ethereum L2 mainnet on February 29, unlocking nearly $2.3 billion in staked cryptocurrencies that were previously locked up in the network. In its latest gold points distribution program, Blast has introduced a new category and “dApp weight,” demonstrating its commitment to supporting more dApps and their communities.
Claiming 15 Million Blast Gold Points
In a statement dated May 10, Blast said that it would distribute 15 million Gold points to decentralized applications across nine categories, including Spot DEX, Perp DEX, Lending, GameFi, SocialFi, GambleFi, Misc, NFT Infra, and the newly added real-world assets (RWA) niche.
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The distribution will follow a specific methodology:
“Dapps live on Mainnet were weighted based on the following formula: Category Weight x Blast-native Weight x Dapp Weight x Incentive Weight.” Blast said. “Dapps will receive a pro-rata portion of the 15 million Gold based on their final weights.”
Per the statement, Blast-native dApps were assigned weights of 1, 1.5, or 2 based on their exclusivity on the network, while applications that demonstrated “effectiveness in distributing gold to users were rated from 0 to 1.
Additionally, unranked dApps were rated 0, while applications under the Bronze, Silver, Gold, and Platinum weight categories were assigned weights of 1, 5, 10, and 15, respectively.
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“Some Dapps did not have enough traction to be weighted this round, but still seemed promising. We allocated an amount of either 2,000 or 10,000 Gold to those Dapps.” The statement read.
Blast clarified that applications that had significant security incidents or negative community feedback “received a weight of 0 this round.”
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