Blast launches governance system and launches first proposal to enable points for BLAST holders

Odaily News Blast announced the launch of Blast governance on X and initiated the first proposal of the Progress Committee to enable points for BLAST holders. Blast governance aims to adjust incentives and provide the BLAST community with influence on the ecosystem. It enables 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 that provides governance rights to BLAST holders while achieving rapid progress, with decisions made at a higher level by the Token Committee and the Progress Committee. Any committee can initiate a proposal, while the other committee can veto it. The Progress Committee aims to achieve rapid development, and the Token Committee has the ability to veto proposals and vote to remove members of the Progress Committee, which gives BLAST holders ultimate control over the system. The Progress Committee has submitted its first proposal to the Blast Foundation, which is related to the Blast Points Program. If approved, the proposal will allow BLAST holders to earn points on the mainnet and is now available for viewing and discussion on the Blast Foundation forum. The official calls on all BLAST community members to participate in the discussion and hopes that this is the first of many proposals to support the development of Blast: The Fullstack Chain.