According to Foresight News, Blast has launched a governance system and released a proposal to "enable points for BLAST holders". The proposal will enable BLAST holders to earn points on the mainnet and can now be viewed and discussed on the Blast Foundation forum. Blast governance will enable the community to actively contribute to the development of the Blast ecosystem, allowing BLAST holders to propose, debate and vote on protocol upgrades, the composition of USDB support, ETH liquidity staking providers, fees and other factors.
Blast governance is designed as a system of checks and balances, providing governance rights to BLAST holders while enabling rapid progress, with decisions made at a higher level by the Token Committee and the Progress Committee. Either committee can initiate a proposal, while the other can veto it. The Progress Committee aims to achieve rapid development, while the Token Committee has the ability to veto proposals and vote out Progress Committee members, giving BLAST holders ultimate control over the system.
