Shared Gas Fees

Overview

At Blasted, we believe in community empowerment and rewarding our users for their participation. One of the ways we demonstrate this commitment is through our Gas Fee Sharing program. By leveraging Blast's innovative features like auto rebasing and gas fee sharing, we drastically reduce swap fees, positioning Blasted as one of the most cost-effective decentralized exchanges in the industry.

How it Works

Only the Green Contracts are eligible for Gas Fee Revenue.

1. Gas Fee Collection

• Every transaction on Blasted contributes to the overall gas fees generated by the protocol.

• These fees are collected and pooled within the Blasted ecosystem and then shared with traders by refunding their gas fees.

2. User Rewards

• A percentage of the collected gas fees is distributed back to the traders.

• Users engaged in trading, liquidity provision, and other protocol activities are eligible for gas fee rewards.

3. Fair Distribution

• The gas fee rewards are distributed based on user participation, encouraging active involvement in the Blasted ecosystem.

• Rewards are calculated proportionally, ensuring fair and equitable distribution.

Benefits for Users

1. Cost Offset:

   • Users enjoy a reduction in transaction costs as they receive a share of the gas fees.

2. Community Incentives:

   • Encourages active participation within the Blasted community.

3. Transparency:

   • Gas fee sharing details, including collection and distribution, are transparent and visible to users.

How to Participate

To start benefiting from Gas Fee Sharing on Blasted:

1. Trade on Blasted:

   • Engage in trading activities to contribute to gas fee generation.

2. Provide Liquidity:

   • Contribute liquidity to Blasted pools to be eligible for additional rewards.

3. Stay Active:

   • Regular participation in Blasted activities ensures continuous eligibility for gas fee rewards.

Conclusion

Gas Fee Sharing is a key feature at Blasted, aligning with our commitment to creating a user-centric and rewarding decentralized exchange. As we grow, we look forward to enhancing this program and exploring additional ways to give back to our vibrant community.