Maximizing Blast With Limited Capital
Level 2 - Value Investor
Welcome Avatar! We sat on this post a bit since it needs to line up with the latest gold info from Blast. Generally speaking, you already know our strategies for the farm and we’ll have an update on Wednesday if anything has changed. The first gold distro is below: with full info found here (source)
While these are the major winners (with no surprised in the top 10 or so), we note that Peanut Game (a *free* gold farm) was actually a winner of 10,000 Gold. Since this post is focused on people willing to use some time and low capital base, you can check out the summary of how Peanut Game works here (source). Considering it is a small game without controversy, it unlikely gets zero’d out.
Part 1: Example - TreesHoldings
As point of emphasis this section is written entirely by TreesHoldings
Hello Anon, I’m about to share how I not only survived farming on Blast, but how I netted 100%+ returns.
Before farming Blast, I had never even used a Meta Mask wallet. Completely redacted that I even tried to farm, but glad I did. I joined the Blast farm about four days before mainnet launch, with a measly .023 ETH. Yes you read that correctly, $80.00 and a dream. If you remember, pre-mainnet you would earn spins for points based on the amount of ETH held. I never spun the wheel, and lost over 20% of what I originally did bridge due to the fees upon launch, (I remember Bull saying don’t do this lol)
After the mainnet launch, I bridged a few other times. In total we had 0.5763 ETH Bridged to Blast.
Due to the testnet activities and my lack of crypto knowledge, I fell down the rabbit hole of discord rooms and crypto twitter. Very important lesson; DO NOT get stuck in this rabbit hole. If 80% of the general population is [redacted], in crypto, that number is 95%.
It is important to find the people/communities that provide value, and can actually answer your questions. This helped me find “alpha” on projects and learn about crypto overall. This was one of the biggest factors in my success.
With that out of the way, let's get to it.
BLAST GOLD FARMS
My basic farm strategy came down to a few things.
What is Free? (Basically Free is Free)
What has Hype?
What am I doing?
What is Free? (Basically Free is Free)
Part one is simple to understand. When you have no money, you have to do the things that are free, but time consuming. With small funds, you can’t be risking capital left and right, as every particle of dust matters. This leaves the free/nearly free options as low risk high reward plays.
District One was the obvious free winner in the early stages of the farm, but there were a number of other alternative free (or essentially free) Dapps that you could use in order to beef up your Gold allocation. I’ll highlight 3 that I used, and list the remainders.
Gm.app - Was possibly the worst Dapp on blast, but a great gold farm. Stake some ETH in a few NFTs that can’t go down, like some porn on the timeline, get gold. Wasn’t much else to do. Lost about .01 ETH in fees, and earned ~160 gold in the process.
Spacebar was a 100% free option to earn gold. Claim daily points, say good morning, and play a few 1 minute games. Could stake some ETH for no risk to gain extra points. ~105 gold for free minus fees.
Blastr - Another free option, essentially stake ETH in an NFT contract or “boost”, like and repost some tweets, get gold. Earned about 60 Gold here for doing minimal effort everyday.
Remaining Dapps
*Blaze - 151.7 Gold
Sekai Glory - 70 gold
Peanut Games - 16 gold (Thanks BowTiedBrogrammer)
DistrictOne - 21 Gold
Wolf Game - 2 gold
*Blaze is highlighted here because they wouldn’t be a free farm if not for the “social gold” that I earned for creating some content about the project. If you have no funds, you have to do everything free, and this is a good example of it paying off. (People made loads making pacmoon content especially in the early stages, and there are countless examples of content creation paying off).
What has Hype?
The next factor I looked at was what has hype. Again, due to all the testnet activity, my X timeline became full of Blast “crypto gurus”. This annoyed me at first, but allowed me to see what people were talking about within the ecosystem. Pacmoon, Fantasy Top, Blastin Pepes, etc. all of which were obvious plays to me, only because I was living it on X.
I made over 220 Gold from the jackpots due to following the hype, mainly from Pacmoon and fantasy cards, but I hit on 15 of the 23 total jackpot drawings, while losing less than .025 ETH overall following the dumps. (Lots of these coins got airdropped to me for free from holding NFTs)
This strategy isn’t possible for people with no time, but is great for those who have it. You have to be active on X and discord to gain this advantage. This again highlights the importance of finding people/communities to interact with that are not completely braindead.
What am I Doing?
This is the question that you have to ask yourself when you are getting ready to send cryptographically secure tokes to buy…. Trading cards? Animal coins? Birb NFTs? You name it. You need to check yourself. Am I ok if this goes to 0? How do I limit my risk?
This is how I played Fantasy Top, got the 2 testnet packs for .099 ETH, sold cards to get my funds back, and played the rest of the season with what I had left. Helped me gain over 200 gold between the actual game, and from jackpot winnings. I played Blastin Pepes in a similar way, they had a “floor lock” (refundable price) which made it a pretty safe play. Minted 2, sold one to recoup initial investment, staked the other in Wasabi and won the jackpot along the way. Net neutral positions that earn gold are net positive positions.
Non-Gold Plays
Although it was easy to get caught up in the grind for gold, there were definitely ways to make money while not playing the gold game.
For example, blastoadz was minting for .025 ETH, and selling on Blur for .08 ETH. I was on the WL so an obvious mint and instant sell for .055 ETH gain. (Literally ~$200 for a few clicks)
The first noticeable thing that I ever did was mint the most useless NFT (BlastBirbs) for free. Then another for .0069 ETH…. then bought more and more and was able to get some for free via airdrops. I bought it because I could get some for free, they had first on the scene advantage, and because they were cheap. Remember that there were about 15 total NFT collections on Blast in the early stages, and Blur was not live.
Luckily, when Blur went live on Blast, NFT prices had their day. Originally I had bought, and was airdroped a total of 24 birbs for 0.1406 ETH in total. I ended up buying and selling a few for speculation.
Total cost was 0.3611 ETH and sold majority for 0.5585 ETH, 0.1974 ETH gain! Not to mention free drops and WL that we gained as a result of holding these useless things. I still hold a few as this is my very first NFT!
I Wasn’t Perfect…
I did not farm blast correctly the whole way through, and I think it is wrong to act as if I had no losers. If I had farmed perfectly, I would have made 500% on what I started with. I had many cases where I did dumb things, and I’ll share some of them with you here.
Didn’t sell Fantasy Top Cards when portfolio value was 1 ETH (Now 0.12 ETH)
Didn’t sell Blastopians after Blur Launch ( The top was ~.40 ETH per, now .017 ETH per. Accidentally sold one for 0.032 when floor was 0.32)
Didn’t sell ANY Pacmoon when I was over 5x (Bought 0.05 ETH worth on token launch)
Got scammed on Blastroids NFT for .02 ETH
Bought Cappy Bera NFT for .03 ETH, now worthless
In the end, I earned a 103k $Blast Drop. This alone gave me 100% gain. I sold about 35k right away and am waiting to see how the $Blast will factor into S2 farming before making any further moves. Additionally, current safe money of roughly ~0.7 eth (refundable NFTs, ETH holdings, Staked positions, etc.), and will be looking to move some riskier assets to ETH after writing this.
Current Portfolio Value if I were to liquidate everything to ETH ~1.50 ETH
The biggest takeaways from farming Blast with minimal funds and loads of time;
You need to be up to date. Find people/communities that are helpful and active, and turn notifications on.
Take some profits/ Don’t fall in love
Learn everything you can
I will 100% be farming season 2, but with much lower risk and time commitment. The plan for me is to take some funds off the chain (~50%) and start something sustainable for myself for the future.
BTB Notes
The trend we saw from this strategy was a emphasis on being involved early on any new product. You can see a lot of the gains were from the free products and this even allowed the anon to flip for a profit. This allowed him to get the rough 3x on initial amount put in.
The second thing we noticed is that this probably is limited to around $10,000 worth of assets. If you were to go down the rabbit hole and focus you could probably flip $10K to $30K by following promo offers/free stuff and qualifying for all the basic NFTs/memecoin drops.
Part 2: Some Other Notes - BTB
If you have a small base to start with we’ve got a few notes we took down from the prior season.
Don’t Chase Jackpots: The strategy of throwing in free tokens/airdrops into the slots is likely your best bet. If you try to buy certain tokens or NFTs in advance of them hitting the jackpot, the value of the gold and the price decline after winning ends up being negative EV.
For season 2 (now), we’d say this is probably 10x bigger. Do the math and realize that 120M gold is likely the total number for the year (just assume 10M per month), calculate the value of that entire 120M equaling 5% of BLAST… You get the idea. The math doesn’t math out.
The returns on gold should be lower and if you want to avoid taking any losses, only throw tokens into the jackpot that you received for free (Pacmoon socials, airdrops from NFTs etc).
Fantasy: We’re now seeing a big bifurcation of winners/losers in Fantasy. If you have already figured out how to make money trading the cards *go for it*. For the vast majority, this won’t be worth your time. We also can’t talk about it because it would certainly influence the card price and create a PvP environment. Luckily, we don’t have time to mess with it.
In short, this one is high risk high reward. If you have a system that works and you’re *certain* then it’s worth it. If you don’t have time or a high hit rate system, best to avoid the noise entirely.
Cave Game: You can do this one for free. Since activity is lower post TGE you don’t need to invest any money at all. We checked it out earlier this week just to diligence and you can do it 1-2x a day whenever you wake up/get home from work. Just walk in one direction, pick up the items and repeat. It takes less than about 3 minutes or so and requires *no* money. We’re going to say a prayer (again) that people listen to this and simply do all the free games instead of investing into them (negative expected value)
Summary
If you stick to the following: 1) free activities, 2) following socials related to Blast and 3) not chasing points/gold/investing into negative EV games… You’re probably going to do better than us. We hit 20% return (40% APY) roughly in 6 months but on a much larger amount. If you have a minimal amount (5ETH or under), it’s possible to double it.
Emphasis on the word possible, since most get greedy. Don’t get greedy. Play the positive EV and you should do well.
Stay Toon’d!
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