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The Blast community is proposing a new proposal to support weekly fee distribution to BLAST token holders

The Blast community is proposing a new proposal to support weekly fee distribution to BLAST token holders

CointimeCointime2024/07/04 08:43
By:Cointime

Blast Community plans to launch a new proposal (BLIP-Research and Discussion), which requires that all fees earned by Blast Foundation's treasury (such as USDB/wETH rebase fees and gas fees) be distributed weekly to BLAST token holders. The plan aims to reward BLAST token holders, increase the value of holding BLAST in the ecosystem, and provide a competitive advantage over native earnings of ETH and USDB. The proposal requires determining the percentage of fees allocated each week, while ensuring that there is enough funding to meet the operational needs of finance, and developing smart contract mechanisms to distribute fees to BLAST holders, including the need to take regular snapshots of BLAST holdings and proportionally distribute collected fees.

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