Bloom mainnet beta is now live for everyone on
@Blast_L2
! 🍄
Get started at
Our vision is to build the most fun, simple and unique leverage trading DEX you've ever seen. Ready to experience the Bloom effect? Here's what you can expect from mainnet beta👇
Join us for an exciting alpha-packed space with top-tier teams building Perpetuals on
@Blast_L2
!
Dive into top projects, gold discussions, future plans and a Q&A session. Set reminder 👇
🗓️ 16th April
⏰ 12:30 PM ET
🔗
wen early access? now ! 🍄
Our landing page is now live at .
Are you an active trader or liquidity provider? Register for the Bloom waitlist to be first to get early access and a head start on [REDACTED].
UPDATE: Funds have been recovered !
Out of the total exploited funds ($540K), we've recovered $486K (net of a 10% bug bounty), all of which will be re-distributed to LPs. We have agreed to a 10% bug bounty, in return for not pursuing legal charges against the exploiter.
The
Hello, world.
Perpetual DEXs are boring - we're changing that. Bloom is a
@Blast_L2
native user-friendly perpetuals DEX, purpose-built for rebasing assets.
We're excited to be announce that we'll be competing in the Blast BIG BANG Competition! Get ready to bloom with us 🍄
Sneak peek of our early liquidity provider NFTs! Secure your early access here:
Cool Art ✅ Perpetuals ✅ NFTs ��� Blast Points.
Stay tuned for more details, but following us and engaging with this tweet could be beneficial for you 👀
We are beyond excited to have been selected as a winner in
@Blast_L2
's Big Bang competition!
A huge thank you to the Blast team, judges, & our early supporters - get ready to Bloom on Blast with us! 🤝
Curious about what's next? Join us in our Discord:
We're excited to receive ~275K Blast Gold in the latest distribution.
Our goal is to build the most rewarding, fun and liquid leverage trading DEX for traders and LPs. To achieve that goal and align ourselves even further with
@Blast_L2
's ethos, we've made the following changes
We really do hate gas fees. That's why we've partnered up with
@biconomy
to enable completely gas-less trades.
This makes Bloom one of the first decentralized perp exchanges to offer gas-less trading.
Save on every onchain trade, and enhance your edge - that's the Bloom effect
Bloom 🤝 Blaze
We're thrilled to announce our partnership with
@Blaze0ng
, the creator platform on Blast!
We'll be working together with Blaze to launch our Bloom Early LP NFT collection for LPs who locked capital during our liquidity bootstrapping event.
Last night - our team received reports of an ongoing exploit, involving rebasing yield for traders.
While we were able to act as quickly as possible and have patched the issue, this led to the trader exploiting $600K from the protocol. LP funds are no longer at risk and the
Community is
#1
at Bloom!
We're thrilled to share that 100% of any developer airdrop we receive will go to long-term LPs & traders.
With gasless trading & enhanced yields, we're making it possible for everyone to win - that's the Bloom effect. 🍄
Bloom's liquidity bootstrapping campaign has now ended !
It's been an exhilarating 3 weeks since we first launched Bloom on private mainnet. Today, we have $8M USDB locked up for at-least 30 days, providing traders with steady capital for leverage trading.
Here's a refresher on
🚨 Important announcement: Bloom is entering close-only mode.
Withdraw / close positions here:
This decision was not an easy one. At its peak, Bloom grew to $30M volumes / day with $15M+ in TVL, showcasing our vision of building a friendly perpetuals UX
Update
#2
and Post-Mortem
Yesterday, we distributed all recovered funds ($486K) to affected LP wallets directly. If you were an affected LP, you should see these funds directly in your wallet.
Additionally, we're adding a full technical post-mortem examining the exploit, and
We're thrilled to announce that we've distributed 100% of our Blast Gold to over 3,500 traders and 2,000 LPs!
In just 4 weeks, Bloom has surged from 0 to $200M in volumes with over $10M of onchain capital powering perpetual trades on ETH, BTC, SOL, and BLUR.
We share
1.25x more Blast gold, early access to new features, exclusive alpha and a chance to become part of a Blooming trading community!
Introducing the Bloom TRIPPY TRADERS discord role! 🧵👇
We're live with our free mint, exclusively for our early liquidity providers!
🔗
Remember, minting will entitle you to a boosted referral link of 15% fee rebates & discounts, as well as a special Discord role. Happy minting!
Extremely excited to have reached this milestone in just one week of our public launch.
Bloom is breath of fresh air for traders:
- Zero slippage ⚡️
- Simple UI
- Bloom Points
- Blast Gold
And we're just getting started 🍄
We're excited to share more data around our Blast Gold distribution over the next 4 weeks.
You can find a detailed breakdown of our Gold distribution plan and criteria here:
We're big believers in
@Blast_L2
's ethos of transparency, and ensuring that our
Bloom is leveling up with new assets!
Trade the hottest L2s (outside of
@Blast_L2
, of course) and
@elonmusk
's favorite meme-coin, with up to 25x leverage.
Without LPs, there can be no traders 🫡
This is why we're giving 70% of our Blast Gold and 100% of trading fees to LPs. Our goal is to provide the highest risk-adjusted returns on your USDB.
Our LPs are Blooming 🍄
Join us:
Weekly Gold Drop / Traction Update:
In just one week of public launch, Bloom has:
- Distributed 25,532 Gold (40%) to 797 users
- Reached $6.7M in TVL
- $48.8M+ in total volumes
And we're just getting started ! Come Bloom with us:
As we continue to accept applicants into our Discord, please make sure to keep your DMs open so that we can invite you to our server.
Messages will be sent ONLY from our official handle
@BloomonBlast
. We look forward to seeing you on our private testnet soon!
wen early access? now ! 🍄
Our landing page is now live at .
Are you an active trader or liquidity provider? Register for the Bloom waitlist to be first to get early access and a head start on [REDACTED].
It's the best time to provide liquidity on Bloom !
Get ready for 2x Blast point boosts on all your deposits, on top of some of the highest USDB fee yields, Blast Gold, and Bloom points⚡️
A reminder that our Early LP program will close on 3/31 at 12PM ET! ⌛
After the 31st, LP boosts will be based on lock duration, not USDB amount, with a maximum of 4x Blast Gold + Bloom points on locked capital.
Start earning at .
Early LPs are earning up to 5x in
@Blast_L2
Gold & Bloom Points in addition to our sick NFTs! 🏆
If you signed up for Bloom early access, start earning at .
Get a head start on earning USDB yield and points before public access!
Bloomers are obsessed with UI / UX 🤝
We've overhauled the UI / UX of our Vault page to make it easier for our liquidity providers to:
1) Deposit & withdraw
2) Lock capital for boosted gold and fees
3) Claim rewards
Explore our new Vault page today →
We're excited to announce that we've distributed 100% of our Blast Gold to traders and LPs with protocol activity from 4/19 - 5/24!
As always, we're continuing to prioritize full transparency in distributing Gold to our users. Our backend script has been open-sourced in our
Let's get weird with it 🍄 🤝
Thanks for the shoutout,
@BoDoggosENT
! We're happy to offer zero slippage on all of our blue-chip assets, meaning you can place large orders with no price impact.
We're building the best perps DEX for simplified trading on
@Blast_L2
, come get
Bloom, currently live on mainnet for WL'd users, isn't accounted for in the perps DEX category. At $800K TVL and a 63,380 Gold allocation:
- Our Gold per $: 0.079225
- $ per Gold: $12.62
On top of that, early LPs are earning up to 5x boosts on their Blast Gold!
Be an early
I did the math for you
This is how much 1 Gold costed you (on the right) per category: cheaper is better
Each category is very different though - eg Perps TVL doesnt matter as much as you trading volume.
You can't compare a
@Juice_Finance
to a
@SynFuturesDefi
ty
@DefiLlama
This is what our trading leaderboard looks like ⚡️
Organic, directional trading at its finest.
1. Win or lose, you get Bloom points.
2. If you lose, get Blast Gold.
3. Regardless, you get the simplest UX for onchain leverage trading.
BET MORE:
"so yea it’s called Bloom, the most revolutionary perp dex that
@Blast_L2
has ever seen, w/ ZERO gas fees, first of its kind for rebasing assets, and exponential leverage and earnings. you've got yield on yield on yield - that's the Bloom effect."
Moisturized, nourished, in our lane, Blooming !
$10M in productive capital getting market-making yield, rebasing yield, Bloom points, Blast points and Blast Gold.
Join us as we build out the most unique perp + betting ecosystem on
@Blast_L2
🍄
It's a new day for Bloom 🚀.
With last week's exploit behind us, here's what we're excited about in the coming weeks:
1. Blast Gold: We'll be distributing the second half of our Blast Gold, amounting to 135,000 Gold on May 24th. This will be for activity snapshotted between
Stats on day 2 of our public launch. We may look simple, but we're powerful ⚡️
- Zero slippage
- Blast Gold
- Bloom Points
- Loss reimbursements from protocol treasury
The first gold drop is tomorrow, anon. What are you waiting for?
Bloom traders have been offsetting their funding rates via rebasing yields since the past 2 months 🫡
Practical example:
- 10% rebasing yield currently for USDB (on
@Blast_L2
)
- Avg trader leverage: 5x
- Avg. funding rate offset = 50% (5% * 10x)
A big win for traders, made
Currently there is >20bn of USD collateral being used to margin perpetuals which is capturing no yield
Integrating USDe and allowing users to potentially offset their funding costs with their collateral is a first in crypto history, and will fundamentally reshape trading
Traders are waking up to the power of Bloom:
- The most simple UX for leveraged trading
- Zero slippage on BTC, ETH and SOL
- Only 6 bps open / close fees, one of the lowest in the industry
- Blast Gold allocated for any net losses
- Deep liquidity
See you at $500M, Bloomers!
Here's what we've planned for your USDB deposits:
🍄 Native bridge points (as you normally would - so your opportunity cost is preserved)
🍄 Blast developer points (we're giving 100% away to LPs and traders)
🍄 [Redacted]
Wen? Only wen we can securely do so! Stay tuned 👀
Excited to distribute 60% of our winner Blast Gold.
The remaining Gold will be distributed over the next 2 weeks per our distribution schedule:
See you at $10M+ TVL and $200M+ trading volumes Bloomers ⚡️
Zero slippage means you can place large orders with no price impact. See below for a comparison of a $250K SOL long on Bloom vs other platforms. Add to that:
1. Blast Gold
2. Bloom Points
Is there a reason you're not trading perps on Bloom, anon?
🚨Last day to apply for the TRIPPY TRADERS Discord role
Bloom Trippy Traders receive👇
- 1.5x Bloom points
- Access to the Trippy Lounge
- Early Access to new Features
- Priority Support
🔗Apply now
Zero gas fees, stacked yields.
Bet with up to 50x leverage and amplify your gains with low liquidation prices on your positions & rebates on your losses.
It's a win-win for everyone no matter the outcome - that's the Bloom effect. 🍄
YIELD ANNOUNCEMENT
Blast USDB yield has increased following MakerDAO's recent yield update.
USDB holders now earn 15% yield + Blast Points.
This yield is automatic, holders don't need to do anything to receive it.
For traders, Bloom currently offers perpetuals across BTC, ETH, SOL, & BLUR, along with:
- Zero slippage ⚡️
- Up to 25x leverage
- Gasless / 1CT (coming soon)
- Loss rebates for traders (from protocol fees)
- Blast Gold + Bloom points 👀
Traders transacted over $30M in notional volumes today, representing >10% of our entire cumulative volume! Whether you're a directional trader or funding rate arbitrageur, there's a place for you on Bloom:
1. Blast gold for trader losses
2. Zero slippage trading
LPs power these
happy valentine's day from the Bloom team!
send this to your onchain crush for good luck and 6 figure pnls on your next bet 🩷
don't forget to sign up for Bloom early access at to get priority access for our testnet launch!
The Blast Testnet is OFFICIALLY LIVE
With it, the Blast BIG BANG competition officially begins.
Dapps can compete to get in front of 100k users & $1.3B in TVL, connect with top investors, and earn the Blast Airdrop.
Something's brewing...or should we say Bloom-ing! 🍄
Bootstrap Bloom liquidity and look forward to 100% of our
@Blast_L2
airdrop, as well as Bloom █████. Everyone's a winner!
Our unique LP NFTs vary not just in artwork, but also in the point boosts they give to holders.
We're kicking off April by hosting our first-ever Discord AMA! 🍄
We'll be chatting about our updated LP architecture and how you can earn up to 4x Blast Gold & Bloom points by leveraging as an LP. See you there!
📆 4/3/24 at 3:30PM UTC / 11:30AM ET
🔗
Portfolio analytics are now live !
Bloomers have made several good calls on perpetual trades. Now it's time to learn from your history, show off your portfolio and track your market moves even more closely.
Learn more:
Share an image of your overview
We're kicking off April by hosting our first-ever Discord AMA! 🍄
We'll be chatting about our updated LP architecture and how you can earn up to 4x Blast Gold & Bloom points by leveraging as an LP. See you there!
📆 4/3/24 at 3:30PM UTC / 11:30AM ET
🔗
We've started to send Discord invites to our first wave of early access applicants! Please make sure to keep your DMs open on Twitter or Telegram so we can reach you from our official account. Thanks!
We're proud to be
#PoweredbyPyth
on
@Blast_L2
!
Pyth powers competitive, low-latency execution and allows us to provide the best prices for our users.
See you on mainnet soon! 🤝
Join us for an exciting alpha-packed space with top-tier teams building Perpetuals on
@Blast_L2
!
Dive into top projects, gold discussions, future plans and a Q&A session. Set reminder 👇
🗓️ 16th April
⏰ 12:30 PM ET
🔗
Early LPs are earning up to 5x in
@Blast_L2
Gold & Bloom Points in addition to our sick NFTs! 🏆
If you signed up for Bloom early access, start earning at .
Get a head start on earning USDB yield and points before public access!
・Clean UI ✅
・Simplified leverage ✅
・Easy to use ✅
・Built on
@Blast_L2
, the only Ethereum L2 with native yield for ETH and stablecoins ✅
You're still early, anon. Earn native yield, Blast points, and Blast Gold on Bloom today! ️
➡️
Bloom LPs made 4% on their capital in just 2 weeks as our bUSDB share price went from 1.00 to 1.04.
That's 100% organic annualized returns in USDB rewards for LPs 🤯
We're now offering the highest organic USDB yields on Blast.
Join us:
Security is one of our utmost priorities.
We've partnered with
@zellic_io
to conduct a comprehensive security audit of Bloom's contracts. As one of crypto's leading security firms, they've also audited protocols such as Pyth, LayerZero, Aptos, and more.
Our early LP mint with
@Blaze0ng
will go live tomorrow, 4/3 at 8PM ET!
NFT holders will receive a boosted referral link of 15% fee rebates/discounts compared to the base 5% as well as a special Bloom Pioneers role.
Check if you're WLed in our Discord:
Entering the next era of bUSDB composability.
Today - we announced an important upgrade to Bloom: the removal of all ve-locking mechanisms.
Locking has allowed Bloom to provide predictable, steady capital to traders, while allowing lockers to accumulate higher fees / Gold, in
We recommend verifying with your most active on-chain wallet in order to get priority access.
Eligible participants will be contacted through DM on a rolling basis by
@bloom_intern
or our official account.
Stay tuned for our Discord and other updates!
Due to the conclusion of our mint, all whitelisted users have been airdropped their new NFTs from Blaze!
The NFT you have received is airdropped from their patched contract, and your new NFTs are safe. No action from you is needed at this time.
Please join our Discord if you
The
@BloomOnBlast
free mint has concluded.
Whitelisted addresses that did not mint have been airdropped the NFTs they were eligible for.
Keep reading for the mint post-mortem 👇
With exposure to 100% of our Blast airdrop and 60% of all trading revenues, Bloom liquidity providers are earning some of the highest organic yields on
@Blast_L2
.
Join our Early LP program and earn up to 5x in Blast gold & Bloom points!
Get started at .
It pays off to be early on Bloom. 👀
Our Early Bloomers on Discord are trading and staking to earn:
+ ██████
+ Blast Points
+ Blast Gold
+ Bloom Points
Check to see if you're whitelisted in our Discord and get started at .
Hello, world.
Perpetual DEXs are boring - we're changing that. Bloom is a
@Blast_L2
native user-friendly perpetuals DEX, purpose-built for rebasing assets.
We're excited to be announce that we'll be competing in the Blast BIG BANG Competition! Get ready to bloom with us 🍄
Trade and Earn 🤝
Our trading page is now live on
@Blast_L2
for our whitelisted early access users at
Bet with up to 25x leverage on BTC, ETH, SOL, and BLUR while earning Blast Gold!
Like, RT, and reply with what assets you'd like to see next. 👀
We expect to be live shortly after Blast mainnet launch, with 100% of our developer airdrop going to our LPs and traders.
Sign-up for our mainnet early-access waitlist below and come experience the Bloom effect!
What is the Trippy Trader Role?
The Trippy Trader is an elite tier Discord role in the Bloom server that grants you access to the "Trippy lounge", 1.25x more gold from the traders allocation 💰, early alpha and exclusive rewards for our top bloomers! 🌟
Paying attention, anon? It's going to be a busy Q1 for our early Bloomers. 👀
Our roadmap and documentation are now live at .
Learn about how we're providing the smoothest perpetuals trading and market-making experience in DeFi!
For liquidity providers, our goal is to offer the highest single-sided stablecoin yields you can get in DeFi:
- 15% base yields (USDB)
- Blast points + Gold
- Leveraged fees via soft-locks
- Bloom Points
Don't miss our early LP program (closing 03/31)!
Scaling securely is one of our top priorities.
We've been audited by
@zellic_io
, one of crypto's leading security firms, and have been rigorously tested by our discord community before our public mainnet beta launch.
How to Earn Your Badge: To secure your spot, you need to:
- Provide Feedback: Fill out our feedback form with your detailed experiences and suggestions on how we can improve Bloom.
Form Link🔗-
So why should you try Bloom, anon? 🤔
Our traders and LPs are earning Blast Gold + Blast points + Bloom points. We're committed to rewarding traders and long-term LPs with 100% of our Blast airdrop!
Read more about points below.
Bloom's liquidity bootstrapping campaign is now live on mainnet alpha 🎊
WLed participants can supply USDB to get a head start on earning up to 5x boosts on Blast Gold & Bloom points!
Here's how you can participate: 👇
Lastly, here's what you can look forward to as we continue to work on Bloom in Q2:
- Gasless, one click trading
- Dark mode
- 50+ crypto pairs
- PWA for ease of use
- Prototyping an onchain casino powered by Bloom LPs 👀
Safe to say, we've got tons up our sleeves.