BlockBlend Evolved: Launching Next Week, Get Ready for Infinite Rewards!
We are thrilled to share an exciting update on the progress of the BlockBlend Evolved Upgrade, set to launch next week! The journey towards this milestone has been a testament to the unwavering support of our incredible community. We would like to express our gratitude and keep you informed about the latest developments.
Final Testing and Audit Completion
We are pleased to report that the final testing phase of our new dApp is progressing exceptionally well and will conclude shortly. This meticulous process ensures a seamless user experience and a secure platform. In parallel, work is ongoing to complete the audit of the new token contract prior to launch.
Infinity Pools: Maximizing Rewards and Minimizing Hassles
Based on invaluable feedback from our community and thorough internal discussions, we have made some exciting adjustments to the new staking pools. In order to minimize any potential impact on the project chart and maximize rewards for our dedicated holders, we have decided to exclusively offer Ethereum (ETH) rewards in the staking pools. While we had initially planned to include $BBL token rewards as an option, this ETH-only setup ensures the greatest benefits for both stakers and the project as a whole.
One particularly noteworthy enhancement is that the Infinity Pools will have no expiry date. Stakers will no longer need to incur unnecessary gas fees to unstake and restake into new pools. Simply relax and watch your ETH rewards accumulate until you’re ready to harvest them — a hassle-free and effortless experience.
Sustainability: Powering Rewards with Trading and Bridge Fees
At BlockBlend, sustainability is a key pillar of our platform’s future. To achieve this, the rewards in our staking pools will be fueled by trading fees on the $BBL token and bridge fees. While the volume of accumulated fees on the new system will be zero at launch, we are dedicated to ensuring our stakers are rewarded from the outset. The APR (Annual Percentage Rate) for the first month will be set at a moderate percentage covered by project funds. Subsequent months will see the APR adjusted based on the accumulation of platform fees. We are thrilled to witness the growth of APR alongside the bridge volume, which recently reached an all-time high!
Locking in Deals and Sustaining Growth
As we approach the highly anticipated launch week, our team is actively securing partnerships and deals. At the time of writing, we have confirmed a large number deals with many more in the pipeline. The launch and post-launch periods will witness a flurry of activities, as BlockBlend is committed to sustainability and long-term growth. Our marketing campaign will extend well beyond the launch, providing continuous exposure and awareness as we embark on this exciting journey together.
To our loyal community members who have supported BlockBlend over the past year, we extend our heartfelt appreciation. We also extend a warm welcome to all our new community members. We are all set for an exhilarating ride, so fasten your seatbelts and get ready to experience the next chapter in the BlockBlend evolution!
Thank you for being an integral part of the BlockBlend community.
Sincerely,
The BlockBlend Team
