PANews reported on July 3 that Blast officially announced the details of the second phase of the rewards plan. 50% of the Phase 2 rewards (5 billion BLAST) are allocated to Blast points holders. Users can earn Blast points based on the balances of ETH, WETH, USDB, and BLAST (pending BLIP-2 Progress Committee vote). EOA and smart contracts earn points at a rate of 0.06504987 points/block/ETH (each block is 2 seconds). USDB and BLAST earn points at the same rate as ETH based on their prices denominated in ETH. For example, if ETH is $3,500, USDB will earn points at a rate of 0.06504987 points/block/3,500 USDB.

50% of the Phase 2 rewards (5 billion BLAST) are distributed to Blast Gold holders. There will be a Gold distribution in the first week of each month (this month will be distributed on July 8th), with separate distributions for new and existing Dapps, who can earn Gold based on their traction on the Blast mainnet and future Big Bang competitions.