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A Beginner's Guide to Boost: The Distributed Incentives Network

BOOST STUDIOS

02.06.2024

Introduction

Boost is the distributed incentives network of Ethereum. Anyone can target and incentivize any wallet with any token reward to complete an onchain action. As a highly neutral and permissionless protocol, anyone can use Boost for any use case or objective, such as driving sequencer fees, mint collections, voter participation and more. Boost is on the path of progressive decentralization and is currently governed by the Boost Guild, a coalition of community stakeholders that drive treasury spending and other protocol decisions.

Why Boost?

Incentives are the driving force behind crypto networks. Popular models like grants, airdrops, quests or trading programs have been used to incentivize activity, but they are often complex and require significant time, resources and skills to implement.

Boost provides the most simple and efficient solution for token distribution that is transparent and scalable.

  • Incentive aligned: Every participant in Boost is incentivized to contribute and grow the ecosystem continuously. Through the Protocol Rewards, incentives are distributed fairly between the Boost issuer, affiliate and user to drive sustainable growth.
  • Flexible: Boost is permissionless and highly neutral. Any wallet can deploy boosts for any project and for any use case. Boosts are also highly configurable smart contracts that allow you to define the exact details of the incentive offer, including the required onchain action, eligible addresses and reward token.
  • Onchain: Every boost is a smart contract logged onchain, making it easy for anyone to publicly audit, verify and analyze the results. This builds trust with crypto users and allows projects or analysts to measure results in real time to iterate and optimize for the best results.

How Boost Works

Boost currently supports issuing token rewards for over 60+ projects across the 3 major L2 networks: Optimism, Arbitrum, Base. The following are onchain actions that can be incentivized: mint, swap, delegate, bridge, deposit, options, lend and stake.

To help understand how Boost works, the ecosystem can be broken into three parts, each supported by different contributors that play a specific role in how Boost operates.

Screenshot 2024-02-06 at 11.58.25 AM

Issuers

An issuer is any wallet address that deploys a boost to incentivize other wallet addresses to complete an onchain action. This can be projects, DAOs or individual users interested in driving growth or engaging users.

Boost Issuers will primarily use Boost Manager, the main interface to configure, deploy and track boosts. The platform provides access to powerful customization and allowlist targeting features so every boost can be customized to meet your objectives. Performance analytics are also built into the platform to provide an easy real-time monitoring of results.

Learn more about Boost Manager.

Affiliates

Once boosts are deployed by the issuer, they are distributed by the network of Boost Affiliates. Boost Clients are the main affiliate drivers, which are front-end applications built on Boost Protocol, such as Boost Inbox, RabbitHole and Daylight. Crypto users can discover and receive boost offers on any of these platforms, providing wider audience distribution and reach. Affiliates can also be individuals who share their boost referral links.

Boost Affiliates earn on every successful boost transaction driven by their platform or link.

Learn more about Boost Clients.

Users

A Boost user is any wallet address that receives the targeted incentive offer through a Boost Client and completes the onchain action to earn token rewards. When the user completes the transaction, a portion of the rewards and fees is distributed back to the original Boost Issuer and Boost Affiliate. This is to drive aligned growth and incentivize continuous participation in the ecosystem. A portion of the rewards are also distributed to the Boost Guild to drive more boosts deployed through the Treasury.

Learn more about Protocol Rewards.

What can Boost be used for?

While there is no permission required or rules on how to use the protocol, here are just some of the most common boost use cases:

  • Increase minting by incentivizing mints of specific NFTs
  • Increase delegation power by incentivizing delegation to any address
  • Increase holders by incentivizing swapping to any token
  • Increase bridge deposits by incentivizing bridging from any network
  • Increase voting participation by incentivizing voting on specific proposals

How to get started on Boost

For issuers interested in incentivizing users

If the project you’d like to deploy boosts for is already supported on Boost Protocol, you can head to Boost Manager to start deploying incentives.

If your project is not currently supported, you will need to register the project to the protocol by building a Boost Plugin. Start by reading this introduction to Boost Plugins: What, Why and How to Integrate to Boost Protocol.

For affiliates interested in building a distribution platform

Get in touch with the Boost Studios team to learn more about how to build your own custom Boost Client.

For crypto users interested in earning rewards

Head to RabbitHole or Boost Inbox, the main Boost Client applications to start earning rewards on your transactions.

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