Why is Blast a feast for big households and the end of small households?

Why is Blast a feast for big households and the end of small households?

The whole network is milking Blast, and I’m only talking about Balst for small households. The essence of TVL mining in Blast is similar to that of LSD projects like EigenLayer. Your TVL contribution is directly proportional to your score. Then there’s the ability to pull heads and the number of cards drawn by the team’s luck.

In terms of the number of TVL and airdrops alone, I don’t think Blast is a kind of Defi Farming. Not friendly to small households.

First of all, in terms of TVL, Blast now has 250 million TVL, and it can reach 1 billion by sight. Assuming that the total value of Blast’s final airdrop is close to ARB, calculate the total value of his airdrop of 1 billion.

ARB’s TVL was over 2 billion at the time, and the final airdrop value was about 1.3 billion.

OK, first of all, we know that Blast is going to give a big share to Blur this time, and we’re counting 30% here. Then the remaining 70% is divided equally between the developer and the user who provides TVL. Of course, it may also be that the developer directly takes 50% of the total share. Not sure here. However, no matter how it is calculated, the total share of the airdrop received by the depositor is 30%, that is, about 300 million shares.

Here I still count Blast’s share as close to the top L2 of the ARB level. After all, ARB is a very powerful ecosystem, and there are many users. Blast is currently a bridge, and it will be three months from the opening of the mainnet in February to the issuance of coins, and the ecological construction is unknown.

That is to say, Blast you may only get 30%+ airdrop income for 1 billion TVL in the end, and if you issue coins in May, you can save it for half a year, and from the perspective of Defi, an annualized 70%+ is indeed possible.

But in terms of cost performance, I can only say that it is very low.

The reward model of the traditional public chain is to limit the income of the top large investors, for example, if you provide 1 million TVL, 10,000 transactions, and the maximum single account is about 20,000 yuan, while in Blast you can get 600,000+.

Retail investors can provide 100U TVL, 30 TX, and can also get thousands of U.

The TVL is 10,000 times worse, and the income is only 20X worse, so it’s fair!

Therefore, the distribution logic of the traditional public chain is conducive to small households, restricting large households, and making it easier to get rich.

Blast, on the other hand, is to release a large number of airdrops to large households (no cap). After I studied the rules, it is difficult for small traders to have any big opportunities to achieve excess returns. Many KOLs are also influential, and can form a stronger team and attract more people, so as to occupy more points. Because the right to speak is also the Matthew effect.

All I can say is that this is the game of the Matthew effect, where the rich get richer and the poor can’t cross classes.

As for why I don’t participate? I don’t like to lock up liquidity for too long, and I’m holding this APY I’m not sure if the market will crash.

On top of that, I’m a betting dog and I love Alpha earnings.