The Ultimate Blast.io Guide to farm 1000 Gold
Shortcut to earn 1000 blast gold in a month!
This is one of my longest posts to date. You don’t need to read the entire thing—just scroll down to the table of contents and jump to the section that interests you the most.
Hello ILL readers, I hope you all are doing great. Blast season is in full swing, and everyone is going crazy about it. Blast has just announced the Token Generation Event (TGE) date for Blast, which is set for June 26, 2024. Originally, the launch was scheduled for the last week of May, but it was delayed.
To compensate for this delay, more Blast Points and Gold have been allocated to dApps, which will be distributed 100% among the users.
I bridged my funds to Blast in November,2023 and participated in the pre-launch. I shared this opportunity with all of my then subscribers.
Blast Mainnet was launched a few months back in February 2024, and I have been using it since day one. After grinding a lot and making numerous mistakes in my early days, I believe I have gained enough experience to help you guys farm this Blast airdrop most effectively.
First of all, what you need to know is that we have approximately just a month left now. We need to be smart enough to stay ahead of the crowd and find opportunities that are still worth putting effort into. In this post, I'll filter out all the hyped and overly diluted platforms and will include the less used, easy to farm and highly rewarding dApps.
This is a complete guide on blast, and I can guarantee you that you’ll be a pro blast user after completing this post. I will include literally everything one needs to know in order to farm blast in the fastest, easiest and most efficient way possible. I haven't picked these tips from any documentation or other online content. Everything I’ll share here is unique and comes from my own experience. You might not find this information anywhere else. Let's dive straight in.
Note: You can check the content table below and jump directly to the section you are interested in.
Content:
Important Links and Info
Links:
Blast Dashboard: blast.io/25RBN
My Referral: 25RBN
Blast Docs: https://docs.blast.io/about-blast
X Handle: https://x.com/Blast_L2
Discord: https://discord.com/invite/blast-l2
3rd Blast Gold Distribution: https://blog.blast.io/blast-gold-distribution-3/
Gold per dApp Spreadsheet: [PUBLIC ACCESS] Gold Distribution 3 - Google Sheets
Blast Mainnet Network Details:
Use these details to add Blast Network to your Metamask wallet!
Network Name: Blast
RPC Endpoint: https://rpc.blast.io
Chain ID: 81457
Currency Symbol: ETH
Block Explorer: https://blastscan.io
Things you need to know:
Blast is an Ethereum Layer 2 (L2) blockchain.
Blast provides scaling solutions to ETH and is ultra cheap and super-fast. As it is built on ETH, it maintains the security and decentralization of ETH mainnet.
Main feature of Blast is its Native Yield.
Native yield means you’ll earn some yield by just keeping your funds on the Network. No need to do anything else like staking, lending etc.
You can deposit ETH/WETH/USDB to the blast network.
In very simple words ‘USDB’ is the ‘USDT’ of blast chain. When you bridge your USDT to blast, it automatically gets converted into USDB.
You get ~3.3% Native Yield on ETH and ~10% Native Yield on USDB. This yield percentage keeps changing depending on some factors you don’t need to know. Read the first page of the docs for more info.
Blast Airdrop is coming on 26 June,2024 and we have approximately one more month to farm the Blast Airdrop.
What?
What are Blast Points and Blast Gold?
The total Blast airdrop is divided into 2 categories which are ‘blast points’ and ‘blast gold’ with 50-50 percent allocation for each category.
Blast Points:
Blast points are essentially reward points you earn for keeping funds on the Blast network. These points will later be converted into your Blast Airdrop during the Token Generation Event (TGE) on June 26, 2024.
The more funds you keep on the network in the form of ETH/WETH/USDB, the more points you accumulate accordingly. You can check your points in Realtime on blast dashboard.
These points are accumulated at a rate of around 0.03252493376 Points/second/ETH.
Blast Gold:
50% of the total airdrop is allocated to Blat Gold. Blast allocates various amounts of blast gold to all the dApps and these dApps have to distribute 100% of it to all their users. Blast Gold is distributed manually among the users by these dApps.
So, basically you earn blast gold by using different dApps on Blast.
You can see all the Blast Points and Golds allocated to different dApps on the blast airdrop dashboard as shown in the image attached below.
First Column is the dApp Name, second column is showing the category, third and fourth column is showing the total blast gold and points allocated to the particular dApp respectively and the final column shows the no. of points and gold, you have earned from that dApp.
Airdrop Dashboard:
This is how the airdrop dashboard looks like, you can see the total value bridged, the multiplier which is active, the points you are earning in real time and the blast gold you have accumulated. I am hiding the details for security purposes. But you’ll get the idea!
3rd Blast Gold Distribution
15M Gold has been distributed in the 3rd Blast Gold distribution to all the dApps. A new category (RWA) and a new Dapp weight (Platinum) have been introduced this time.
Total 15m GOLD has been dedicated to 9 categories with the weightage mentioned in the table below:
Read this 👉 webpage here to know more about the distribution and checkout 👉 this spreadsheet to know exactly how much gold is distributed to which dApp.
Relation Between Blast Points and Gold
The value of 1 GOLD is estimated to be equal to ~107k points. This estimation is provided by the blast team. Earlier 1 GOLD used to be equal to ~35k points. But after the delay in the launch, blast has decided to allocate more funds to the airdrop which changed these estimates.
Below is a X post by Pacman from blast team with the updated metrics.
Price Estimation of Blast GOLD
Price estimation of Blast GOLD currently varies between 6-8 USD right now. This is not an estimation by the official team but an analysis done by NFTStats. This is not accurate but just an estimation, while exploring and reading this analysis, I realised that there a few variables in the equation which are unknown to us and are just assumed. So, treat this estimation just as a guide and always expect less. What I personally believe is that Blast Gold will launch in the range of $3.5 - $5
What are point Multipliers?
As mentioned in the docs “Multipliers increase your Points balance and earnings rate. For instance, if you have 100 Points, and you are earning 20 Points per hour, after earning a 2x Multiplier, you will now have 200 Points and you will earn 40 Points per hour.”
Blast releases these multipliers on random days without any pre-defined schedule. You can interact with any 1 one of the dApp mentioned in these multipliers to activate it. You don’t need to use all the dapps in order to activate the multiplier. It might take a few minutes in some cases but it mostly happens almost instantly.
In the image attached below, multipliers with red ticks are already available to be activated and you can use the dApps mentioned in these multipliers and provide at least 1 transaction to turn them on. The multipliers with cross are yet to be revealed.
What is Jackpot?
Jackpot is like a raffle/lottery among all the projects on blast. It's like an airdrop of Blast Gold conducted by the Blast team. It happens at every Blast block, where a new token, NFT, or protocol is chosen as the winner of the Blast Gold Jackpot. This gold is then distributed among all holders of the selected token, NFT, or protocol.
Here’s a screenshot of what I’ve chosen for my Jackpot Deck. I keep changing it though.
A General observation:
It has been observed that the token, NFT, or protocol selected by the highest number of users in the deck tends to win the Blast Gold Jackpot.
A Hedging Strategy:
If you notice, when a particular token is highly anticipated by CT to win the Blast Jackpot. Its chart starts to rise and it goes up in price, reason being that more and more people start to accumulate that particular token in order to win the blast jackpot. When that token actually wins the Jackpot, the price drops a lot immediately. It happens because people dump the coin as soon as they are done with it in order to win the Jackpot.
People are leveraging this by shorting the token which has the highest probability to win the jackpot in order to hedge against the drop. This shorting is being done on wasabi protocol. You can also earn blast gold and points by participating in various activities on the wasabi platform.
What are invites?
You get an invite code after joining blast, which you can use to onboard more people and earn some percentage of what they earn.
You will earn +16% on top of any Gold your invites earn, and +8% on top of any Gold your invite’s invites earn. The more your invites use and earn Gold from Dapps, the more you earn!
How?
How to join Blast.io?
To join blast, you need to have an invite code, here is mine if you need one: blast.io/25RBN.
After entering the invite code, connect your twitter and discord and you’ll be able to see your airdrop dashboard!
How to bridge your funds to Blast.io?
In order to earn the Native Yield and the blast reward points/gold, you’ll need some funds on the Blast blockchain. To deposit funds to blast, you need to bridge them from ETH Mainnet or any other ETH L2 you have kept your funds over.
Blast Native Bridge
Blast provides the service to bridge your funds from ETH Mainnet to Blast Blockchain. You can follow the following steps to deposit funds to blast.
Note: I personally never use this option as it costs a lot of gas fees! I’ll tell you better options in the next section!
Go to this link: https://blast.io/en/bridge
Perform bridging using the “Deposit” option, which is as simple as doing any other transaction on blockchain.
You can also withdraw your funds from blast to ETH Mainnet using the withdraw option.
Alternate Options:
There are few other cross chain bridging tools which I use to send funds from one blockchain to another, it doesn’t matter if its ETH Mainnet, Blast, Base or Linea. You can use these tools to sned funds from any one blockchain to another which are supported by these bridges. The 3 bridges which I use extensively are(tap the names for the direct link):
I’d suggest you check which bridging tool provides you with the cheapest bridging service and you should go with that one.
For the sake of just showing you, here’s the settings to send ETH from Base to Blast on Orbiter
Most Efficient ways to Farm 1000 Gold in a month:
In this section, we are going to do the real action of farming blast gold. By now, you should already have some funds over the blast blockchain, we’ll be needing some funds in order to perform transactions on the dApps.
I’ll tell you some platforms which are not used by many and it’s comparatively easy to farm gold on them.
Next section is only available to paid members of our publication as I don’t want the masses to know about these strategies, resulting in the dilution of blast gold on those dApps. Also, I don’t want the platforms to see what’s written next😂.
It’s only for the cabal.
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By pledging to our publication and directly becoming a paid/founding member.
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To read more about the perks of becoming a paid member, check the about page of our website.
Okay enough of this time wasting, let’s dive straight in!
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