GateLive AMA Recap-Blastoff

2024-06-12, 09:17

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## Q1: Please tell our community about BlastOff!
BlastOff is a revolutionary idle-yield-based launchpad and yield aggregator built on Blast.

The platform offers a unique combination of features that make it ideal for the Blast network. By combining Blast's native yield with YZone, our yield aggregator, we generate maximum yield for our users. In addition, YIDOs—the core function of our risk-averse, yield-based launchpad—act, may act as a layer on top to generate even more returns via idle participation in funding new projects on Blast.

## Q2: Could you elaborate on the unique features of the BlastOff launchpad that set it apart from other launchpads?
Simple - Risk-free IDOs! Thanks to Blast and leveraging the native yield made available by the network, we have developed and provided the first virtually risk-free IDO platform. This is made possible due to the fact that users do not invest their own capital; they stake and lock it (ETH / USDB) within YZone or on YPad itself and invest the yield generated while their initial capital investment remains safe and secure and is returned to the investor once their lock period ends.

Another feature that, combined with the above, really pushes this new type of IDO - or YIDO - even further into the spotlight is one of our YZone vaults: the Future YIeld Minter Vault. This vault can provide instant access to future yield, providing users instant access to larger allocations into YIDOs. YOu can, for example, lock 100 ETH in the vault for, let's say, 2 years. and have instant access to the yield that would be generated in 2 years, which can then, in turn, be used to invest in promising upcoming projects on the BlastOff launchpad. As the native yield is generated by your locked ETH, the kind of debt created pays itself off, and your 100 ETH is again safe and secure and returned to you once your lock period ends.
## Q3: The $OFF token will be listed on Gate later today. Please give us an overview of its value and utility.
Sure, there are so many details here, so I'll try to keep it simple! The key utilities of $OFF cover a number of areas:

**YIDOs (Yield-Based Initial Decentralized Offerings)：**
·Higher Allocation: Stake $OFF for a higher allocation in project launches, ensuring you get a bigger slice of the pie.
·Manual Participation: Increase your $OFF stake to manually participate in YIDOs, giving you greater control over your investments.
·Native Blast Staking: Lower Fees: Benefit from reduced fees when staking within the BlastOff ecosystem, making your investments more cost-effective.

**YZone Yield Aggregator:**
·Enhanced Yields: Staking $OFF grants access to higher yields and lower fees within YZone, the BlastOff yield aggregator, ensuring your investment returns are maximized.

**Governance:**
·Voting on the curation of new vaults within YZone.
·Have your say on future YIDO deal <a href="/price/flow-flow" target="_blank" class="blog_inner_link">Flow</a>, shaping the ecosystem's future.

**Community Incentives:**
·Engage and Earn: Active participation and engagement is rewarded with $OFF tokens, incentivising continued involvement and contribution.

**Treasury Revenue Share:**
·Revenue Distribution: The growth of the $OFF treasury is shared with users, with distributions favoring those with higher Blast Force Scores.

There are many more details I can go into, but I think that I will do it for now!

## Q4: You mentioned YZone in questions 1 and 3. What exactly is YZone, and what value does it provide?
Great question! YZone is the yield aggregator platform within BlastOff, aiming to provide higher yield opportunities than Blast itself. While Blast native yield is an amazing innovation within blockchain, when used correctly, it is actually a springboard from which to propel yield opportunities. YZone focuses on executing strategies around yield opportunities within the Blast ecosystem. Its mission is to provide a simple and secure way to access higher earnings on Blast.

Most opportunities should fall into the following categories.
-Zero-risk - Native yield rebasing provided by Blast, likely to be followed by Blur and potentially Blast staking.

-Low-risk - ETH blue-chip projects like <a href="/price/aave-aave" target="_blank" class="blog_inner_link">Aave</a>, MakerDAO, <a href="/price/uniswap-uni" target="_blank" class="blog_inner_link">Uniswap</a>, Yearn, and more are moving to Blast. Their infrastructure will also generate yield opportunities.

-Mid-high risk - New protocols and projects are coming out on Blast. These will likely have the highest yield potential but hold the most risk.

Our thesis for YZone is to deploy multiple yield-generating vaults centered around different risk profiles. Initially, the larger focus will be on zero- and low-risk opportunities.

In short, YZone is on a mission to become one of the core places for yield generation on Blast. Providing multiple vaults of different levels of risk.
-Effortless Yield Optimization: YZone simplifies the yield optimization process, eliminating the need for users to spend time researching and managing individual protocols.

-Enhanced Yield Generation: YZone's intelligent selection of protocols ensures that users consistently earn the highest possible yield, maximizing their returns on their crypto assets.

-Reduced Risks: YZone carefully evaluates the security and reputation of each protocol it aggregates, minimizing the risk of exposure to scams or unreliable platforms.

-Diversified Yield Portfolio: YZone's aggregation of multiple protocols allows users to diversify their yield-generating strategies, reducing the overall risk of relying on a single protocol.

-Transparent Yield Tracking: YZone provides users with a clear and transparent overview of their yield performance, allowing them to track their earnings and make informed investment decisions.

## Q5: As a project, you want the crypto world to buy and hold your token; please tell our audience why they should do that!
Well, I hope the previous answers will provide enough info for that, but I'll touch on a couple of those points and add more!

So $OFF staking, which will offer some quite lucrative APY, will also be the gateway to higher tiers within the YPad, the BlastOff launchpad. Higher tiers, of course, mean greater allocation into upcoming YIDOs. I will mention at this point that for those out there unable to invest enough to gain access to high tiers, tier one will be accessible by simply holding $OFF, and will provide lottery access to win an allocation into YIDOs.

In addition to this, as mentioned in the token utilities question, holding and staking $OFF will provide higher yield and lower fees in YZone, lower fees for native Blast staking, treasury revenue share, and the ability to participate in any and all campaigns, LPs etc that we launch with protocols across our network of 50+ Blast partners. Hopefully that should do it!

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<div>Author:** GateLive**, Gate.io Team
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
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