Activities on Blast mainnet for a potential airdrop

18.04.2024
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Activities on Blast mainnet for a potential airdrop. Заглавный коллаж статьи.

Blast is a L2 blockchain built on Optimistic rollup and fully compatible with EVM. The main idea of the project is to provide a basic return on the contributed ETH and stablecoins. More information can be found on X (Twitter).

The project raised $20 million from Paradigm and other investors, and part of the team is made up of former Blur team.

On February 29, 2024, Blast developers announced the launch of the mainnet. Currently, it is possible not only to make a deposit on the network, but also to withdraw funds. It also made it possible to earn points on the protocols to claim a share of the tokens intended for users. It is worth reminding that this is 50% of the total amount. The distribution will depend on the accumulated points.

Users will continue to receive points depending on the amount transferred to Blast. The main page shows the rate of accumulation per hour:

The main page of the Blast. Data: Blast

Also, when you deposit on any dApp on Blast, points are credited to this protocol, and it redistributes them among users. Thus, we stop receiving points directly from the system, but we are active on other projects that can also potentially distribute airdrops.

In this guide, we’ll do some early Blast activities and look at the available protocols for interaction.

Main activities

Note: you need a Metamask wallet to complete this activity. If you don’t have one, you can use our guide to install and configure it.

Important: the transaction requires payment of a fee. Consider all the risks and do your own research if you decide to buy ETH specifically for the activity.

Making a deposit

You need to transfer Ethereum from the main network to Blast. This can be done using the official bridge. This is better for a potential airdrop, but expensive due to the commission. To save money, you can use other L2 solutions and third-party services for transferring funds between networks.

  1. If you choose the first option, you can transfer a convenient amount through Blast. Anything from 0.1 ETH will be an advantage:
Make a deposit. Step 1
  1. When making a deposit before the mainnet, you can transfer to Blast on the Airdrop tab:
Make a deposit. Step 2
  1. From third-party resources, we can use Orbiter, additionally receiving O-Points on their protocol for the transfer to Blast:
Make a deposit. Step 3

Interaction with dApps

Note: the following screenshots are for illustrative purposes only. The token amounts shown on them do not guarantee an airdrop. Keep this in mind and perform a particular action based on your capabilities.

Ambient Finance

Ambient Finance is a DEX built on Blast, which also supports the Ethereum and Scroll networks. It is the winner of the Big Bang Competition. In addition to the accrual of Blast points, it also has its own loyalty system. The company has invested $6.5 million in the project.

  1. Go to the website and connect your wallet.
  2. Check the correctness of the selected network and go to the Trade section, where you can exchange tokens first:
Ambient Finance. Step 2
  1. Next, in the Pool section, add liquidity in the ETH/USDB pair:
Ambient Finance. Step 3
  1. You can check the progress of points accumulation on the Account section.

It is worth interacting with the platform periodically to increase the chances of a possible airdrop and improve your own results to compete with other users. To avoid repetition, this applies to all subsequent protocols. Although it is possible to receive tokens only through a one-time interaction.

Mangrove

A decentralized exchange that allows liquidity providers to place arbitrary smart contracts. The team raised $7.4 million in investments from Greenfield Capital, Cumberland, and others. It is also the winner of the Big Bang Competition with its own point system.

  1. Trade on the Trade section:
Mangrove. Step 1
  1. Copy your referral link to invite users. The page for displaying the received points is under development at the time of writing:
Mangrove. Step 2
  1. Additionally, we can take part in the ambassador program.

Bebop

A zero-slippage fintech platform that works to simplify trading. Like the previous protocols, it is the winner of the Big Bang Competition.

  1. Go to the website and exchange tokens. The amount does not matter for a transaction on the protocol, but for a swap of $25 or more, you can get a badge:
Bebop. Step 1
  1. If you qualify for ‘Hop on Blast with Bebop’, check your eligibility on the website and mark the badge:
Bebop. Step 2

LogX

A decentralized derivatives exchange. Like its competitors, it has a points system. But, unlike them, not many people use the product at this stage. This can be seen in TVL.

We have previously published a guide to the activities on this project. You can use it.

SynFutures

DEX, which is designed to trade assets, including illiquid and even NFTs. The project developers have launched the V3 platform on Blast network. In addition to the previously raised $14 million, the team managed to close an investment round B worth $22 million.

Important: any trade is associated with risks. Keep this in mind if you are going to be active on this project.

  1. Go to the exchange. On the Trade section, select the desired token pair, specify the characteristics of the transaction, and click Buy/Sell:
SynFutures. Step 1
  1. Close the trade. Repeat the steps to accumulate trading volume on the platform.
  2. If you want to participate in the SynFutures loyalty program, you can add liquidity in pairs marked with points on the Earn section. DYOR:
SynFutures. Step 3

ZeroLend

A decentralized protocol focused on DeFi lending against real assets and raising funds for Web3 banking through account abstraction and gasless transactions.

Earlier, we published a guide to the activities on this project. You can use it.

Blaster

Another project launched during the Blast network meetup. According to the team, the platform will combine the functions of a launchpad and DEX. You can use the guide to the activities on this project.

Of course, these are not all the protocols on which we can be active. The guide describes the most popular ones or representatives of a particular class of platforms. The rest of the projects can be found on the main page of the Blast website and interact with them following the example of the previous options.

Activity with NFTs

  1. Go to the Element marketplace. Choose the desired collection on Blast network for further purchase:
Activity with NFT. Step 1
  1. Click Buy Now on the selected NFT and confirm the transaction:
Activity with NFT. Step 2
  1. Put the NFT for sale on your personal profile:
Activity with NFT. Step 3
  1. Mint CUBE on the Layer3 platform.

Getting extra points

The project team has implemented a functionality that allows you to boost earned points using various multipliers.

There will be 12 multipliers in total, of which only 2 are available at the time of writing.

  1. Go to the website, connect your wallet and open the MULTIPLIERS tab:
  1. Next, you can choose dApps on different sections or follow our example.

How to get thr boost by the example

  1. Go to the website and connect your wallet.
  2. Exchange ETH to WETH:
  1. Go to the next website and connect your wallet.
  2. Set up and open a position, after which it can be immediately closed by clicking Close on the lower right part.

Note: be careful when setting leverage so that your position is not liquidated.

  1. On the Portfolio tab, withdraw funds from the protocol:
  1. Return to the Thruster platform and exchange back WETH to ETH.

Getting the third multiplier

The Blast project team announced in their X (formerly Twitter) channel about the possibility of getting a new point multiplier. This time, the badge is dedicated to NFTs and protocols that focus on working with them.

Note: to complete the activity, you need to make a deposit to the Blast network. Instructions and all the details about points can be found above in the same guide.

  1. Go to the site and click on the Earn Multiplier button:
We get the multiplier. Step 1
  1. Choose one of the protocols, go to it, and interact with NFT. In this guide, you can find instructions with Element on the section Activity with NFT:
We get the multiplier. Step 2

Also, for example, let’s consider NFTperp, which has a separate guide. You can use it to familiarize yourself with the project in detail.

  1. Wrapped ETH is used for trading. You can get WETH using the proposed protocol from the platform Thruster.
  2. Go to the platform and connect your wallet.
  3. In the ‘Trade’ section, select the collection, specify the position details and open it.

Important: trading is accompanied by risks. Consider everything and do your own research.

We get the multiplier. Step 5
  1. Close the position and return to Blast portal to receive the badge.

Getting new multipliers

We continue to interact with Blast and increase the accumulation of points through multipliers. This time, the team has introduced three new badges aimed at SocialFi interaction, NFT ownership, and tokens other than ETH, WETH, and USDB. Let’s take a look at one of the ways to get them.

  1. Go to the site and connect your wallet (you may need a VPN).
  2. Agree to the terms and conditions and click on the ‘Mint Protoship to enter’ button, then ‘Play without NFT’:
The page of the Protoship mine. Data Spacebar
  1. Click on claim today’s points and confirm the transaction:
The page of the daily points stamp. Data Spacebar
  1. On Thruster buy any token except ETH, WETH, and USDB:
Token exchange. Data by Thruster
  1. Go to Blast website and pick up badges in the Multipliers section.

Conclusion

Due to the extensive list of protocols, the guide is time-consuming to complete. Given the constant need to use real money, it is worth remembering the risks and participating after detailed research. Being active on the network and some protocols, we accumulate two types of points. Thus, we qualify for an airdrop not only from Blast but also from projects we interact with.

Highlights:

  • completing the activities is costly;
  • mainnet was launched on February 29;
  • investments of $20 million;
  • the risk of losing money should be taken into account.

Useful links: Website | X | Discord

If you have any questions while completing the activities, you can ask them on our Telegram chat.

All information is provided for informational purposes only and should not be used as a basis for making investment decisions, nor should it be considered as a recommendation or advice to participate in investment transactions. Do Your Own Research.

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