BlastOff Guide: How to earn $OFF Daily?
In this piece, we delve into the highly awaited inauguration of Blastoff Zone on the Blast Mainnet, signifying a momentous achievement. This manual is dedicated to strategies for accumulating BlastOff points daily.
What is BlastOff ?
BlastOff isnt just your typical launchpad or yield aggregatorits a groundbreaking concept built with the Blast community in mind.
Combining the strengths of Blast Native Yield and YZone, BlastOff ensures users can maximize their yield potential. Additionally, YIDOs add another layer, allowing for increased returns by participating in funding new projects on Blast while idle.
Blast isnt just a passing trendits a platform with enduring growth potential. Its unique infrastructure, particularly its native yield functionality, paves the way for innovative Native Yield-centric products.
BlastOff serves as the gateway to unlocking Blasts full potential, offering the community various avenues for generating even more yield. By fostering a robust community and tailoring products to excel in Total Value Locked (TVL) competition, BlastOff is poised for success.
Behind BlastOffs vision are a dedicated team of individuals, including experts from OG launchpads and strategic advisors from legacy players. Together, theyre driving the mission forward, ensuring BlastOff realizes its full potential.
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What is $OFF?
$OFF serves as the intrinsic utility token within the BlastOff product ecosystem.
Initially introduced on the Ethereum blockchain, it will eventually be transitioned to the Blast network through a bridge mechanism. To facilitate this future transition, the token will be minted according to the Omnichain Fungible Token (OFT) LayerZero standard.
The $OFF utilities are designed to reward the most engaged and committed members of the BlastOff ecosystem. To unlock the benefits of $OFF utility, users are required to stake their tokens, thereby enhancing their Blast Force Score.
Here are the key utilities associated with $OFF:
- YIDOs: Users with staked $OFF tokens enjoy higher allocation and gain the ability to manually participate in YIDOs.
- Native Blast Staking: Staking $OFF tokens leads to reduced fees within the Native Blast Staking feature.
- YZone: Staked $OFF holders benefit from higher yields and enjoy lower fees within the YZone platform.
- Governance: Holders of staked $OFF tokens participate in the governance process, including the curation of YZone Vaults and involvement in decision-making regarding YIDO deal flow.
- Community Incentives: Active participation in the BlastOff community is incentivized through rewards in $OFF tokens.
- Treasury Rev Share: Users with a high Blast Force Score receive a share of the accumulated Treasury growth, incentivizing long-term engagement and commitment within the ecosystem.
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How to earn $OFF Daily??
Here are three methods to earn $OFFxPoints within the BlastOff ecosystem:
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- Method 1: Stake your ETH/USDB: For every $1 worth of assets you stake, youll receive 1 $OFFxPoint per day. Accumulated points contribute towards future $OFF airdrops.
- Method 2: Mint some fyETH/fyUSDB: By minting $1 worth of future yield tokens, youll earn 10 $OFFxPoints daily, provided you maintain an open position.
- Method 3: Go for the long haul: Additional $OFFxPoints are awarded if you hold a diamond-level Minter Vault position or engage in long-term staking.
Want more airdrops? Here is the Blast Airdrop 2024- The Comprehensive Guide for Blast Airdrop
Read more: https://cryptoticker.io/en/blastoff-guide-how-to-earn-off-daily/
Text source: CryptoTicker
