Welcome back! In our previous piece, we explored the concept of native yield, a key feature of Blast and its ability to heavily impact sectors across Web3. We aimed to help you understand the immense benefits it brings to you and projects in the ecosystem.

If you haven’t read our previous article, follow the link here.

Today, we're broadening our horizons to explore more areas of Blast. While native yield is a significant aspect, we're eager to delve into numerous other benefits and sectors of Web3 to ensure you have a comprehensive understanding of the ecosystem.

So read on, further your Blast knowledge and prime yourself to take advantage of all its fantastic features!

Features

As mentioned in the last edition, we focused primarily on native yield. This time, we wanted to introduce three other features Blast offers that can be used to benefit users.

These are:

• Low/Free Transaction Fees
• Gas Revenue Refunds
• Reward Stacking

Transaction Fees

This feature is still related to Blast’s native yield; however, it uses the yield separately from just increasing your wallet balance – which, don’t get me wrong, is a wonderful thing anyway. 

The yield generated from USDB and ETH is repurposed into the ecosystem and used to subsidise transaction fees. This results in users paying low or even no transaction fees when using the Blast Network.

This feature is incredibly beneficial, especially for those who make the most of Blast, which we’ll touch on later.

This also creates greater value for projects. Low transaction fees mean users are more likely to interact with dApps continuously, helping build, support and grow on the Blast ecosystem.

Gas Revenue Refunds

Unlike traditional Layer 2 Networks, Blast offers gas revenue refunds to dApps. This is another way that dApps and users are incentivised by reducing transaction fees and helping them develop further.

In a nutshell, Blast calculates the revenue generated through gas fees. After taking into account its operational costs, it then distributes a proportion of that revenue back to dApps.

Projects then have a choice: They can keep that revenue to help fund further development, improve features and UX, and support marketing initiatives such as giveaways. Alternatively, they can distribute that revenue back to users to incentivise ongoing use and support of the platform.

Reward Stacking

Finally, we come to reward stacking. Now, if used correctly, this can snowball the benefits you receive exponentially. Although not an official feature, it is a way of using the Blast ecosystem to your maximum advantage.

Basically, reward stacking refers to obtaining benefits through one of Blast's many pathways and then using those rewards differently to create further rewards, thereby increasing the overall payout.

Example One

If that last feature sounds confusing, let’s explain it with an example. For this, let's refer back to a sector we explored in the previous article: DeFi.

DeFi is a sector of Web3 that heavily benefits from Blast's features, especially its native yield. However, every successful exchange requires liquidity. 

Without liquidity, exchanges cannot promise easy exit strategies to investors when selling tokens, and without that, users lack confidence in investing on that platform. To combat this, exchanges will incentivise users to provide liquidity by staking on the platform.

On Blast, DeFi exchanges can offer yield, Blast gold, points, and liquidity pool (LP) tokens. The first three are pretty straightforward in their respective benefits. However, LP tokens can then be staked again on other platforms for further yield, points, gold, etc.

This is reward stacking. Make your rewards work for you.

Example Two

In the second example, we’ll touch back on transaction fees, although this time, we’ll look at a sector we haven’t yet explored. SocialFi

SocialFi combines social media and DeFi in a Web3 hybrid platform, allowing creators to control and own their content entirely. It allows them to monetise their engagement and followers while giving them freedom of speech and control of their data that Web2 platforms don’t offer.

Due to the ability to monetise engagement, there is a more significant focus on interactions and transactions as they translate directly to revenue. If users want to engage with a creator, they use their tokens to create a transaction for likes, comments, etc.

On Blast, the native yield creating low or free transaction fees incentivises users to engage with creators more often, making it cheaper for them to do so. In addition, it supports creators on Blast by helping them boost engagement and revenue.

Due to these features, Blast is becoming one of the most desirable networks for SocialFi platforms and content creators to establish themselves on.

The Wrap Up

Congratulations if you’ve made it this far! Between the native yield covered in Part One and the litany of other features we explored here, we hope you’ve gained a broader understanding of the opportunities presented within the Blast ecosystem.

Remember, as one of the dApps built on the Blast ecosystem, BlastOff benefits from all of these features as well, such as the native yield, the gas revenue refunds and the transaction fees. The nature of these features means you will also benefit from them all by being a part of our community and interacting with the launchpad.

After the token launch, we’re ramping up our platform ready for IDOs, and there’s no better time to get involved. Buy $OFF, stake, earn yield, points and gold, benefit from Blast features and position yourself to take advantage of BlastOff!

Keep checking back! We’ll post new articles weekly to keep you informed and educated on all things BlastOff! We’ll see you soon… 

What is BlastOff?

BlastOff, built on Blast, is a game-changing platform combining a launchpad and yield aggregator.

It maximises user yields using Blast Native Yield and YZone, plus YIDOs, for extra returns by funding new Blast projects. Unlike other blockchains, Blast's unique infrastructure and native yield potential enable innovative, yield-focused products.

BlastOff taps into this, aiming to grow the Blast community and lead in Total Value Locked (TVL) by developing community-focused products. Our team includes experienced launchpad developers and veteran strategists to propel our mission.

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