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Supply, Issuance, & Rewards

The main token for reward distribution of generated yields, is the native BST token. Users earn BST tokens in three ways:
  • staking in Oceanpoint's Governance pool,
  • providing liquidity on community selected liquidity pools or stable pools,
  • staking a tokenized real estate property in Oceanpoint's Asset pool,
BST tokens are dropped to pools (on unscheduled times), and held by the rewarded pool smart contract until the user withdraws from that pool, which triggers the contract to deliver the BST to their address.

BST Rewards

40% out of the 100M BST total supply have been allocated for liquidity mining. Although this initially set amount to incentivise the early community could be changed through a governance vote, the distribution schedule is currently set to:
  • 1,000,000 BST / month for the initial 3 months after launch
  • 500,000 BST / month until the 40M BST is reached (approx. 6 years)
Liquidity mining is a mechanism or process in which participants supply cryptocurrencies into liquidity pools, and are rewarded with fees and tokens based on their share.
Rewards will initially be directed 100% to the Governance pool. Once real estate staking is introduced with v0.2, the monthly reward will be split 50/50 between Governance pool and the first Asset pool. With v0.3, when Liquidity pools are introduced, the BST:ETH liquidity pool deployed on Uniswap v2 will receive 50% of monthly BST rewards, while the Governance pool and Asset pool shall split 50/50 the remaining 50%. The split between pools shall from that point on be governed by the community through voting, however, the team encourages a split as depicted in the graphic below.

BST buybacks

Once real estate owners start staking in the Asset pool, their real estate asset tokens i.e. BSPT become part of Oceanpoint, and after the 6 months lock-up period, Blocksquare shall exercise the legal right to revenues generated by these real estate assets. BSPT tokens owned by Oceanpoint will thus accrue DAI used to buy BST on the market to be distributed to active users of Oceanpoint.

BST token metrics

  • Token ticker symbol: BST
  • Total supply: 100,000,000 BST
  • Team BST vesting: 24 months after launch of v0.1 (22.2.2024)
  • Mentors BST vesting: 12 months after launch of v0.1 (22.2.2023)

Allocation chart for native BST token: