Blast Mobile Launch Q&A

What’s happening to Points and Gold

Points and Gold have been phased out in favor of liquid $BLAST incentives. This is necessary as there will be future apps within Blast Mobile that use $BLAST as the native payment currency. We believe liquid incentives are more user-friendly as well. 

Is Season 2 over?

Season 2 isn’t over per se. 5% is getting airdropped to existing Points and Gold holders today. Moving forward we’re switching from Points and Gold to liquid $BLAST incentives. These liquid incentives will be utilized on an ongoing basis to grow the network, with no set end date or amount. You can earn future $BLAST incentives by using Blast Mobile.

What about incentives for dapps and Big Bang teams?

Big Bang teams will receive an amount of $BLAST equivalent to 1M Gold once their apps go live on Blast Mobile. We will distribute $BLAST grants to other teams that launch on Blast Mobile on a case-by-case basis. We will focus on dapps that achieve product-market fit without $BLAST incentives that utilize $USDB or $BLAST as payment currencies.

Where does the yield in Blast Mobile come from?

Blast Mobile has a simple Earn app that lets you deposit USD for high yield. You can deposit USDC on Ethereum, USDT on Ethereum, or USDB on Blast. Under the hood, all funds are converted to USDB, which is backed by MakerDAO’s DAI. The yield comes from MakerDAO’s baseline yield rate (currently 11.5%) and liquid $BLAST incentives. All yield is paid in $BLAST so APY rates will fluctuate based on market prices.

What are the risks of earning yield on Blast Mobile?

USD on Blast Mobile is held as USDB under the hood. USDB is backed by MakerDAO’s DAI, so holding USD on Blast Mobile means you are exposed to DAI. USD on Blast Mobile earns Blast’s native yield rate, which is 11.5% by default. You can deposit into the Earn app for a higher yield rate. Once you deposit, yield is paid out in $BLAST. This means your yield rate in the Earn app is exposed to $BLAST market prices. 

How long will incentives for depositing USD to Blast Mobile last for?

There is no set amount of time for how long deposit incentives will last. Incentives will be indefinite until further notice.

When can we expect more apps to come to Blast Mobile?

You can expect a combination of first party apps and third party apps to come to Blast Mobile. Blast Mobile is a new paradigm for building mobile crypto apps, so we’re taking a whitelist approach for safety. The first apps will come from whitelisted teams. Eventually, we will open up Blast Mobile to any team that wants to build on it via a built-in app store. We are working as fast as we can to roll out apps and open up the whitelist but there is no set eta as our top priority is ensuring a safe rollout.