According to Odaily, Blast has announced the launch of Blast Governance and the initiation of the first proposal by the Progress Committee, titled 'Point Enabling for BLAST Holders'. The aim of Blast Governance is to adjust incentive measures and provide the BLAST community with influence over the ecosystem. This allows the community to actively contribute to the development of the Blast ecosystem, permitting BLAST holders to propose, debate, and vote on protocol upgrades, USDB-supported components, ETH liquidity pledges, fees, and other factors.
Blast Governance is designed as a system of checks and balances, providing governance rights to BLAST holders while facilitating rapid progress. Decisions are made at a higher level by the Token Committee and the Progress Committee. Either committee can initiate proposals, and the other can veto them. The goal of the Progress Committee is to achieve rapid development, while the Token Committee has the power to veto proposals and vote to remove members of the Progress Committee, giving BLAST holders ultimate control over the system.
The Progress Committee has submitted its first proposal to the Blast Foundation, related to the Blast Points Plan. If approved, this proposal will enable BLAST holders to earn points on the main network, which can now be viewed and discussed on the Blast Foundation forum. The official call is for all BLAST community members to participate in the discussion, expressing hope that this is the first of many proposals supporting the development of Blast: The Fullstack Chain.
