🏅Points & Gold
Discover how to earn Blitz Points in this tutorial covering the Points Program.
Last updated
Discover how to earn Blitz Points in this tutorial covering the Points Program.
Last updated
The release of the Blitz Points Page enables users to track rewards across the Blitz app and Blast ecosystem.
Blitz Points are the primary reward for in-app user activity, particularly trading, on the Blitz app. Blitz Points are primarily categorized in the following 4 buckets:
Trading Points
Referral Points
Community Points
Blitz Points are the primary incentive available to Blitz users.
In total, a maximum of 100 million Blitz Points are distributed to users per Epoch.
The amount of Blitz Points earned by a user is updated and displayed approximately every 1 hour on the Points Page.
(06/24/2024): Blast Gold distributions concluded with Epoch #5 on Sunday, June 23rd at 15:00 UTC.
The next phase of rewards on Blitz aims to support the launch of Blast Incentives Phase 2, while giving users more opportunities to earn.
Epoch 1: Rewards earned before June 23rd counting towards the BLAST airdrop.
Epoch 2: Rewards earned after June 23rd.
As of July 16th, the Blast Points and Gold displayed on the Blitz Points Page have switched to display Phase 2 stats. You can still view rewards earned in Phase 1 via the Blast App.
1-Month Epochs: Epochs will start and end on the 15th of every month.
Gold Distribution: Take place ~24 hours after each Epoch, pro-rata based on Blitz points.
New Ways to Earn: Market boosts, regular trading competitions, and vaults.
Epoch 1 of Phase 2 finished on July 15th and Blitz distributed the Gold on July 16th.
Timeline: June 23rd — July 15th @ 13:00 GMT
Blast Distribution Date: July 8th
Blitz Gold Received: 399,160
Blitz Distribution Date: August 16th (within 24hrs of epoch ending)
This Epoch started immediately after Phase 1 finished on June 23rd.
Timeline: July 15th — Aug 15th @ 13:00 GMT
Blast Distribution: TBD (according to their Blog this should be the first week of every month).
Blitz Distribution Date: August 16th (within 24hrs of epoch ending)
The rewards for this Epoch will be distributed using the weights below.
To the right of each weighting is how you can earn. Blitz Points are distributed throughout the epoch (every ~1h) and Gold is distributed pro-rata to Blitz Points earned once the Epoch has completed.
25% Taker Volume = Trade using market orders.
15% Maker Volume = Trade using limit orders.
5% Skate Vault = Deposit USDB to earn yield (and now gold).
2.5% Trading Competitions = Top traders by % PnL will win gold.
2.5% LP Positions = Provide liquidity to wETH-USDB and soon BLAST-USDB pools.
50% Market Makers = Eligible participants for the Maker Program -- based on their Q-score.
The Gold allocated for trading competitions is used in the subsequent Epoch. For example, the 2.5% allocated from Epoch 2 will be used for competitions in Epoch 3.
Market boosts are new to Phase 2 and increase the amount of rewards you can earn for trading specific markets. This applies to both Taker and Maker allocations.
The below markets will have the following reward boost multipliers for this Epoch:
BLAST-PERP = 1.5x
wETH-USDB = 3x
BLAST-USDB = 3x (launching soon)
Blitz will aim to host regular trading competitions throughout Phase 2, giving traders more opportunities to win Gold + USDB.
In Epoch 2 we are planning 2 x 5-day competitions. The Gold will consist of the 5% trading competition allocation from Blast Distribution #1.
As mentioned above, trading competition allocations are used for the subsequent Epoch.
5% of Blast Distribution #1 = 0.05 * 399,160 = 19,958 Gold for Epoch 2 competitions.
Below are the tentative dates & prize pools for competitions during Epoch 2. These are subject to change and once confirmed will be announced on X.
Eligibility criteria for earning a portion of the 50% Gold weighting allocated to the Maker Volume (Market Maker Program) is based on a user's Q-score, which prioritizes:
Market Support
Uptime
Fees
Makers will be accounts that contribute in excess of 0.25% of maker volume in a given epoch.
They will have 2 benefits:
Rebates
Points
Rebates will be calculated as 25% of taker fees – 0.5 basis points per trade. The scoring function is as follows:
The minimum depth and maximum spreads per market are as follows:
Depth:
$25K for stables.
$5K for core markets (BTC & ETH).
$2.5K for alt markets (non-BTC & non-ETH).
Spreads:
10 bps for stables.
30 bps for core markets (BTC & ETH).
50 bps for alt markets (non-BTC & non-ETH).
Blitz Points for Makers may take slightly longer to update than Takers on the Blitz Points Page.
Up to 12.5 million Blitz Referral Points are distributed per week.
Referrals earn 25% of the referee’s Taker Points on Blitz.
To refer a user to Blitz, simply copy the unique referral code link on your Points Page and share with your friends and network on socials!
Example:
Joe refers Blitz to Sally using his distinct referral link on the Points Page.
Sally earns 10K Blitz Points trading and referring others over the course of 1 month using Joe's referral link.
As a result, Joe earns 2.5K Blitz Points over the same 1-month period from referring Sally to the Blitz DEX, who used his referral link to onboard into Blitz.
Note: Referrals do NOT include referrals of referees to prevent gaming of the program.
