Deploy, refer, and complete boost to earn rewards

Participation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Boost Protocol, making it easy for anyone to deploy a conditional airdrop for an onchain action. Since then, over boost issuers have driven 1.2M onchain actions across 2000 boosts via the RabbitHole platform.

We've seen firsthand the power of incentivizing participation and its profound impact on growing networks like Base, Uniswap and more. Our journey doesn't stop here. To continue our mission to promote crypto participation, we are expanding our rewards system to be more inclusive and equitable for all.

Introducing Protocol Rewards

Boost Protocol relies on the contributions of several onchain individuals to function and grow. We need a network of participants to deploy boosts, complete them and spread the word–but each relies on the other to thrive and succeed. To strengthen alignment, Protocol Rewards is designed to distribute value equitably to all Boost Protocol contributors.When a participant successfully completes a boosts on the Boost Client apps and unlocks their reward, a portion of each boost reward is shared with the community and contributors.

Here is a breakdown of the shared rewards:

• Protocol Fee: A dynamic fee that amounts to 20% of the total reward per boost completion.
• Claim Fee: A standard fee that amounts to 0.000075 ETH per boost completion.

How Boost Protocol Rewards are distributed among all participants.

Here are the key contributors within the Boost Protocol ecosystem and their portion of the shared rewards.

Boost Issuers

The individuals deploying boosts are the visionary architects and strategists shaping the landscape of token distribution strategies. They are typically independent contributors or entities that represent an online community, DAO, protocol or agency.

For instance, SixDegree is an analytics agency that works with crypto clients to analyze onchain user behavior. To assist clients like ParaSwap in achieving their business objectives, SixDegree utilizes Boost Manager, an application built on Boost Protocol, to programmatically deploy boosts.

Designing and deploying boosts is a crucial but challenging role. It requires strategically distributing tokens in a way that attracts participants, encourages engagement, and drives meaningful results specific to the network. That’s why incentivizing Boost Issuers like SixDegree is important to encourage innovation and drive demand for protocol participation.

For each successful completion of a boost, the original Boost Issuer is rewarded 10% of the total quest reward (originating from the protocol fee), plus a standard 0.000025 ETH (originating from the claim fee).

Boost Recipients

While Boost Issuers are the masterminds enabling crypto participation, the individuals completing the boosts are the driving force behind protocol growth. Once boosts are deployed, they can be found on Boost Client apps like Boost Inbox. This is where participants can easily explore, engage with, and contribute to a wide range of active quests.

Upon the successful completion and verification of a boost, recipients are rewarded with the protocol tokens or assets associated with the boost incentive. The reward amount and type differ and is specified within the details of each boost.

However, distributing rewards is more than just about driving short-term growth metrics. Offering token incentives is a strategy for protocols to find and attract potential evangelists. This is the true path to creating a sustainable network: invested participants working collectively towards network expansion.

Boost Affiliates

To spread the widespread adoption of boosts, our network of referrers is vital to promoting and expanding distribution. These individuals or entities may be publishers, affiliates, developers or independent referrers.

QuestBot is an example of a referral partner that promotes and drives participants to Boost Client apps. Their Twitter bot notifies followers when a new quest has been created and refers them to the platform to complete them.

As a reward, referral partners like QuestBot receive a portion of each quest reward completed through their referral link or platform. For each successful completion of a quest, the referrer is rewarded a standard 0.000025 ETH (originating from the claim fee).

Any individual and entity can create new passive earning opportunities by connecting the best crypto participants to quests. This ensures that Quest Protocol maintains a wide and robust distribution network.

A Self-Sustained Cycle of Growth

Together, these reward mechanisms power a virtuous cycle of growth and engagement. Rewarding Boost Issuers will encourage the creation of more innovative token distribution strategies, which will attract more participants and promote the growth of protocols.

This marks a departure from popular growth tactics like airdrops that have notoriously failed many protocols. While they are great hacks to generate immediate excitement and boost user activity, engagement is often short-lived and unsustainable.

The flywheel effect of the Protocol Rewards tackles the long-standing challenge of maintaining and nurturing engagement in crypto. By distributing a share of the quest reward to all contributors—including the quest creator, participant and referrer—every role in the ecosystem is incentivized to continuously engage with networks.

What’s Next for Boost Protocol

As Boost Protocol evolves, we aim to progressively transition governance into the hands of the community members. This means that those who are actively engaged and invested in the protocol’s growth will also become its decision-makers. This will bring us closer to becoming a self-sustained, decentralized protocol most aligned with the collective interests of our contributors.

Protocol Rewards marks a significant stride towards realizing this vision. Rewarding every participant within the Boost Protocol ecosystem supports collaboration, inclusivity, and, most importantly, sustainable growth.

Our next step will be to grant developers access to Boost SDK and API to create their own Boost Client applications like Boost Inbox. This will expand distribution and allow Boost Protocol to flourish into a vibrant ecosystem of applications. Developers will also join in earning Protocol Rewards, opening up new economic opportunities.

Start Earning Rewards

To learn more about the Protocol Rewards, read our documentation. If you’d like to become a participant within Boost Protocol and earn rewards, head to Boost Inbox to sign up for the waitlist or deploy your own boost on Boost Manager. If you are a creator, share boosts to earn passive rewards.

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