# TLDR: Blasting Thru Docs

## **Value Prop**

**Blastex** is a disruptive Ethereum staking protocol that leverages the **Blast** native ETH yield, gas sharing, and **Blast Points** to lead the passive income revolution along with its community.\
\
Make your ETH work for you on multiple levels while farming **Blast** **Points** yields and **Blast Points**.

## Engage for Even More Blast Points

Use your high ETH yields on **Blastex** to boost your **Blast Points** allocation.

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**Blastex** explicitly commits to sharing all **Blast Points** the platform generates.
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### Gas Fee Sharing

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**Blastex** allocates all **Blast** gas fees from user activities to its community, as defined and verified in the protocol’s code.
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### Native Yield Sharing

{% hint style="success" %}
**Blastex** allocates all **Blast** native ETH yields on Ethereum within the protocol to its community, as defined and verified in the protocol’s code.
{% endhint %}

## **Key Takeaways**

**Enhanced Bonding Mechanisms**\
Secure and sustainable investment opportunities through unique Bonding and Liquidity Staking strategies.

**Yield-Bearing Treasury**\
Lock in ETH for additional rewards, supporting the stability of both **Blastex** and **Blast**.

**Transparency & Growth**\
Committed to open communication for trust and scalability.

**Liquidity & Price Management**\
Community-driven liquidity within the **Blastex** smart contracts ensures efficient market operations.

**Decentralized Governance**\
**Blastex** aims to become a community-governed protocol, transitioning from developer-led to stakeholder-led when the time is right.

## **BLASTX Technical Specs**

* Ticker: **BLASTX**
* Network: **Blast**
* Token Standard: **ERC-20**
* Bond Pair: **BLASTX-ETH**
* Bonding Mechanics: **30**, **20**, **10**, and **5**-day Deferred Token Purchase Plans

## **Blastex Smart Contracts**

### [**Main Contract**](https://blastscan.io/address/0x8c1dbb14c012bccdb3477bc1625a3dcfd0f61ac2#code)

### [**BLASTX Token**](https://blastscan.io/address/0x5c598e410de1214d77ebb166102471065e7b2596#code)

### [**LP**](https://blastscan.io/address/0xdaE375F817B465f3a226284Af0Ad5Fa2387274EA)

## Security Audit

### **SpyWolf**

**Passed** ✅\
[**Audit Report**](https://github.com/SpyWolfNetwork/Smart_Contract_Audits/blob/main/March_2024/Blastex_0x8C1DBB14c012bCCdB3477bc1625A3DCfD0F61ac2.pdf)

## BLASTX Bonding

**Bonding**\
Refers to a deferred purchase of BLASTX with ETH. These tokens are locked for a period you choose, adding a time aspect to your investment strategy.

{% hint style="success" %}
Min. Bonding amount is just 0.001 ETH.
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**Maturity**\
Once the lock-in ends, you get rewards on the ETH invested:

* **+30%** after **30 days**
* **+20%** after **20 days**
* **+10%** after **10 days**
* **+5%** after **5 days**

## BLASTX Liquidity Staking

The Liquidity Staking system lets you stake BLASTX tokens from Bonds, including both available and future tokens based on lock-in time. You need to match your Bond with an equal ETH amount to stake.

{% hint style="info" %}
Example:\
If you have a 1 ETH Bond, you need to add another 1 ETH. This collective approach increases the pool’s size and value.
{% endhint %}

* **Base Yield**\
  BLASTX stakers start with a daily yield of **1%**.
* **Hold Bonus**\
  Earn an extra **0.05%** if you don’t claim or sell for **36 hours**. Capped at 2%.
* **Personal Bonus**\
  Get **0.1%** to your daily yield for every **1 ETH** you add, rewarding your liquidity contribution. Capped at 1%.
* **Liquidity Bonus**\
  Adds another **0.1%** to your daily yield for every **25** **ETH** in the **Blastex** liquidity pool, encouraging more liquidity. Capped at 100%.

{% hint style="info" %}
Example:\
At 100 ETH TVL, the Liquidity Bonus will add 1% to your daily yield. At 250,000 ETH TVL –100%.
{% endhint %}

* **Maximum Profit:**\
  Earnings stop at **150%** of the original value to prevent imbalance and speculative excess.

## Incentive Program

Boost your earnings further with the Blastex **Incentive Program** rewards that you can increase depending on your activity.

Incentives on **Blastex** are implemented through referral mechanics and start at a 5% reward rate for LVL 1, going up to 20% at LVL 8 as you and your referrals contribute more to the protocol TVL.\
\
This tier system fairly distributes rewards and prevents misuse by carefully calculating the reward differences between user levels.

> Disclaimer
>
> The Blastex content is not financial advice. Engage with our products at your own risk, and perform due diligence. There’s no performance guarantee.


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