TechFlow reports that the Blast community is proposing a new initiative, BLIP, which plans to distribute all fees earned by the foundation treasury (such as gas fees) on a weekly basis to BLAST token holders. The proposal aims to reward token holders, increase the value of BLAST within the ecosystem, and offer competitive advantages over ETH and USDB, thereby enhancing user retention and network appeal. The proposal requires determining the percentage of fees to be distributed each week, ensuring sufficient operational funding for the foundation, and developing a smart contract mechanism to manage fee distributions. This mechanism includes regularly taking snapshots of BLAST holdings and distributing collected fees proportionally.
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