Blast

The split was 7 billion tokens to users who provided initial liquidity in ETH or USDB (Blast Points), 7 billion to users who earned Gold by using applications on the network, and 3 billion to the Blur Foundation, which was to distribute them to the Blur community for retroactive and future airdrops. An early community post described a 50-50 split between Points and Gold, which contradicts the official 7% and 7% most outlets reported.

The claim process opened on 26 June 2024, and trading began about an hour later on exchanges including Bybit, Gate.io, Uniswap v3 on Blast, KuCoin and Bitfinex. Users had 30 days to claim from the first phase. One source says the top 0.1% of users, around 1,000 wallets, faced a six-month vesting period, and that distributed coins were released in parts based on monthly activity points.

The design had a weakness the sources do not hide: Blast Points rewarded depositing, so the network attracted large sums of capital that left after the airdrop. Locking capital in a new chain for months, for points of uncertain value, exposed depositors to smart-contract risk and opportunity cost.

A first phase implies later phases. The remaining distribution would be announced by the foundation, so check its official channels for what comes next.

A last point concerns the money that moved. Blast attracted a very large amount of deposits during its points phase, and much of it left once the airdrop was paid, which shows how much of the early value locked was driven by the reward and not by use. When you read a headline figure for a chain's total value locked during a points programme, ask how much of it would stay without the incentive.