With less than a month left until the conclusion of the Blast launch campaign, whose mainnet officially opened on February 29th last year, many dApps have already been launched on this promising L2 (which I extensively discussed in this article), and others are about to debut. With the airdrop expected between late May and early June, it’s useful to test as many as possible. In this article, after a brief overview of the mechanism that will be used for the airdrop distribution, we’ll explore some of the most promising apps in the ecosystem.
Blast Airdrop
After long testnet sessions, Blast users have started interacting with the numerous applications launched on the mainnet for a couple of months now. As anticipated in the previous article on the topic, the airdrop promoted by this L2 is based on a points campaign, initiated with the opening of the bridge well before the mainnet launch.
The campaign is not reserved only for early adopters. Even those who approached the ecosystem after the main network launch have been able to start accumulating points using the dApps. The airdrop distribution will take into account two factors: points and the Blast Gold gained.
Points are obtained based on several factors:
- The quantity of ETH and USDB (network stablecoin) held on the Blast network;
- Referral score on Blast and users invited by these referrals (16% of points on first-level refs and 8% on second-level ones);
- Funds deposited on the dApps;
- 12 multipliers that users can unlock through their actions.
The distribution of Blast Gold, instead, is made directly by the dApps to the users who use their products. You also get a percentage of the gold obtained from our referrals. Half of the airdrop will be distributed based on the points obtained, while the other half will be based on the Blast Gold held by the user.
Load Wallet on Blast
With the mainnet launch, transferring funds to this Blast has become much more convenient. Among the various options available, I recommend using Rhino.fi, one of the most convenient bridges thanks to the 0 fees applied by the platform (you will only pay the fees required by the destination network, usually slightly higher than a dollar). Alternatively, you can consider Orbiter Finance: fees are very low too and, given the points campaign, in the future, this bridge might (the conditional is necessary) have its token to distribute in an airdrop.
Moving funds to Blast is a straightforward operation:
- Connect your wallet to one of the two indicated bridges.
- Choose the starting network. If, for example, you have ETH on Base, select Base. I advise against bridging from Ethereum because the fees would be significantly higher. The most convenient layer2s at the moment are Base, Op, ZkSync, Linea, and Mode.
- Choose the amount you want to transfer (leaving something to pay the fees) and then select Blast as the destination network.
- Click on “Send” and confirm on your wallet. The ETH will be transferred to the Blast network. If you haven’t yet configured Blast on your Metamask, add the network through https://chainlist.org. I suggest to send ETH to the Blast network so you can pay the gas fees associated with the operations you will carry out.
Among the Many dApps…
Among the numerous applications born on this protocol, I have selected some that, in my opinion, deserve to be tested.
Monoswap
It is one of the main DEXs on Blast. With its clear and linear UI, it is very easy to use. By swapping or providing liquidity on Mono, you can receive rewards in points, Blast GOLD, MUSD (platform stablecoin), and xMONO (future token).
LogX
Multichain perpetual platform. In addition to the leveraged trading section, risky for inexperienced users, it offers an interesting passive income plan in its Earn section. By depositing our USBD, we will obtain an LLP position that we can stake, always in the same section, in exchange for an enticing APR (40% at the time of writing). By staking LLPs, we will also participate in the $LOGX token airdrop, which is distributed every Friday in proportion to our deposit.
Thruster Finance
In terms of available assets, it is probably the most complete DEX in the Blast ecosystem. Perform trades among the dozens of available tokens and provide liquidity in one of the multiple pools available to get points and Blast Gold.
ZeroLend
Multichain lending protocol. On the Blast network, it offers the possibility to deposit ETH, ezETH (Renzo), and USDB. By depositing and borrowing these assets on ZeroLend, users have the opportunity to earn, in addition to deposit rewards, Blast Points, and ZERO Gravity Points. The latter entitles you to rewards in earlyZERO, which will be converted at a 1:1 ratio with ZERO, the future governance token of the protocol.
Pigs Get Blasted
GameFi protocol based on refundable NFTs called PIGGYBOMB NFTs. NFTs have four different levels of power and price. The game offers the user two options: explode the PIGGYBOMB during the game period and thus get a refund of the ETH paid for the NFT (net of a 5% fee), or keep the NFT until the $BLAST token airdrop.
Those who choose the second option will have a guaranteed allocation of Blast Gold (73% of the rewards are reserved for holders) and can still explode the bomb after the airdrop. For those who decide to explode it during the game period, instead, a snapshot will be taken: only those who have exploded the NFT BEFORE the snapshot will participate in the distribution of the 23% of the rewards destined for the “bombers”, the others will only receive back the ETH paid for the NFT net of the commission.
It is a game theory application where timing is crucial. The minting period on the Pig Get Blasted website has ended, but you can find the NFTs for sale on Opensea.
Eesee
Gamified NFT marketplace that allows users to sell their NFTs through lottery. On eesee, you can choose the price at which you want to sell the NFT and the maximum number of participants in the draw. The price of the single ticket will be given by the total price divided by the number of tickets available. In this way, by trying your luck, users of all budgets can try to win, at a modest price, NFTs from the most renowned collections.
The protocol recently launched its token, $ESE, also distributed in an airdrop to participants in the testnet, which can be staked on the platform. Soon Eesee will also host real-world assets (RWA) and offer the opportunity to participate in Launchpads for new projects.
And finally… Fantasy!
Before leaving you to explore Blast, I want to mention one of the latest arrivals in the ecosystem. I’m talking about Fantasy.top (you can use my code to access: ifiwasfrank), a highly addictive blockchain game based on tradable cards representing users of X (the Heroes). By purchasing packs of 5 cards and making trades on the marketplace, users will have to create their own deck (5 required cards) to deploy in the weekly tournaments. Cards have four different rarities, and the score obtained by each hero is based on the activities recorded during the week by the corresponding X profile.
Note-worthy is the pricing mechanism of the packs for sale. Thanks to the VRGDA, given a target price (set at 0.1 ETH per pack), the pack cost will increase in the presence of high purchase frequency and, conversely, decrease when sales decrease. In this context, knowing when to buy is crucial. The pricing of individual cards on the Marketplace, instead, is dictated by the listing price and player offers.
The first tournaments are about to begin. Among the prizes for the top players are Blast Gold, FAN points, ETH, and packs. Considering the points allocation mechanism, even in an apparently weak deck, there might be the hero who will perform best on X in the following week. Despite having landed on Blast only a few days ago, Fantasy has attracted the attention of many enthusiastic users looking for airdrops and Blast gold.
| This is not financial advice. Do your research before making investments. |
Follow me on X and Warpcast: @ifiwasfrank
This post was previously published here.
Sign up to Warpcast and earn 50 $warps
Sign up to Bitget and get bonus for new users
Join ZetaHub Community Program and earn $ZETA
Join StockFC and build your football dream team
Join Pooky, bet on your favourite matches and win $MATIC
