Rewards Update: Blast, Staking, Ships & More
Loot ho, pirates! Jump in with multiple ways to get your hands on increased seasonal Captain & Company rewards with Blast!
All of ye pirates just won the biggest mainnet launch contest this year with Blast’s Big Bang! We’ve now added a bunch more juicy loot to our seasonal reward schedule and even more ways for players to get involved and own the ecosystem!
TL;DR: Get $BLAST by 🥩 staking here, ⛵ buying a ship here, 🎮 or playing here!
What is Blast? Airdrop, You Say?
We’ve got some huge news to share. We’re moving. Digitally, of course. From the friendly Arbitrum neighborhood over to the newest Layer 2 blockchain on the block, Blast, a chain built by the same team that took Blur to the top of the NFT marketplace charts over the past two years. It’s a huge project that’s already attracted over $2.5 billion in liquidity, which, in just two weeks of being live, has already skyrocketed it to the same level as Avalanche, Polygon, and other heavyweights.
Why does this matter to me? Because of the loot, of course! As part of our victory in the Blast Big Bang mainnet launch competition, we’ll be allocated a “substantial” quantity of Blast Gold to distribute to our players. Blast Gold will ultimately convert into $BLAST when the Blast team finalizes the airdrop at some point later this year, likely in May.
Captain & Company has dedicated 100% of our winnings from the Big Bang mainnet launch contest back to players, so you all get all the upside!
How to Participate & Farm Loot
Our cabin crew down below spent a ton of time crafting an expertly balanced allocation of rewards to address all player types within the Captain & Company ecosystem. Because Captain & Company is a digital asset-enabled game, we have a ton of different players that we all have to keep in mind:
Traditional free-to-play players
Competitive captains
NFT collectors
DeFi farmers & investors
Given this broad scope of player types, we settled on this distribution:
🎮 65% to in-game rewards
mBLAST is allocated both directly for in-game activity and leaderboards
50% to players directly in-game
15% to players for end-of-season leaderboard positions
⛵ 20% to shipholders
mBLAST is allocated based on a linear pro rata distribution using a user’s # of ships held unlisted out of the total # of ships held unlisted
🥩 15% to stakers
Users can stake any of $KAP, USDB, or ETH
mBLAST is allocated based on a linear pro rata distribution using the $ value of a user’s total staked out of the total $ value of all users staked
$KAP stakes are worth 50% more per point of $ value than USDB or ETH
USDB stakes yield the currently prevailing Blast APR (15%)
ETH stakes yield the currently prevailing Blast APR (4%)
USDB and ETH stakes pass on Blast Points to users (see below for clarity)
This distribution appropriately rewards players with the lion’s share for their participation & support, and allows them to own a huge portion of the ecosystem rewards.
It also appropriately incentivizes Admirals, Captains, and other third-party investors to hold ships and help improve the value of the ecosystem for all involved.
And, finally, it leverages the very unique features of the Blast ecosystem for DeFi farmers and passes through the native yield they would expect elsewhere on Blast, but with even more gameplay bonuses on top!
What is Staking, and Why Should All Pirates Stake?
Staking is done at https://kap.gg/blast on the Blast network. If you aren’t yet on the Blast network, don’t worry, interacting with the site & guide below will take you through all the steps needed!
Staking with Captain & Company gives you the exact same base rewards as you earn for being on Blast (“Blast Points”), plus additional mBLAST (“Blast Gold”) from us and an awesome in-game multiplier!
More specifically, the rewards for staking are:
Blast Points if you’ve staked ETH or stablecoins
mBLAST, a representation of Blast Gold
A higher Pirate Tier which gives you a multiplier on in-game mBLAST earnings
4% APR if you’ve staked ETH
15% APR if you’ve staked stablecoins (Note: This rate changes frequently)
Note: The APR here is generated from Blast itself. We are not a DeFi protocol ourselves — we just pass along the native yield that Blast allows us to, and give you gameplay bonuses on top.
Blast Points are abstract currency distributed by the Blast team themselves for liquidity (ETH or stablecoins) on the Blast chain. When you stake with Captain & Company, we pass those Blast Points on to you, which means that you’re getting as good of a deal with Captain & Company as you would anywhere else on Blast, plus extra goodies!
Blast Gold are an abstract currency distributed by the Blast team themselves to apps on the chain who then redistribute it out to their own users/players as an ecosystem incentive. As a Big Bang mainnet winner, Captain & Company will be receiving a “substantial” quantity of Blast Gold to hand out to players. To begin tracking who will get what, we’ve issued our own mBLAST tracking system so that you can tell where you sit in the airdrop leaderboards.
Blast Points and Blast Gold will convert to $BLAST later this year when the Blast team finalizes their airdrop, likely in May.
Pirate Tiers help you farm faster in-game by multiplying the amount of mBLAST you earn during your sessions. The Pirate Tiers go from Tier 1 to Tier 5, and have the following requirements:
Tier 1: 1.25x bonus, requires 200,000 points of value staked
Tier 2: 1.50x bonus, requires 500,000 points of value staked
Tier 3, 1.75x bonus, requires 1,000,000 points of value staked
Tier 4: 2.25x bonus, requires 2,500,000 points of value staked
Tier 5: 3.00x bonus, requires 5,000,000 points of value staked
Stakes are not locked, and you can withdraw at any time. The multiplier applies only to your in-game earnings.
How Do I Stake?
To get started, you’ll need:
Metamask
ETH, USDC, USDT, DAI, USDB, or KAP on Blast or on Ethereum
An adventurous pirate spirit!
The sites you’ll use:
https://www.kap.gg/blast
https://blast.io/en/bridge
https://app.rhino.fi/bridge
https://thruster.finance
Step 1. Determine if you have the right currencies on the right network.
To stake, you’ll require either ETH, KAP, or stablecoins on the Blast network. To get these, you can either bridge them directly or buy them while on Blast. We’ll walk you through both.
Step 2a. Bridge ETH and stablecoins to Blast.
If you’re planning on staking ETH and stablecoins, you can bridge them from mainnet Ethereum using the default Blast Bridge, or, if you’d like to bridge from other Layer 2s, you can use Rhino.fi.
Gas fees on Blast are very low, but you’ll still need a few dollars worth of ETH just to keep yourself covered.
(Note: Rhino.fi is an unaffiliated third-party platform, proceed with caution & acknowledge risks are your own.)
Step 2b. Bridge $KAP to Blast.
If you’re planning on staking $KAP, you can bridge it from mainnet Ethereum using our own KAP Bridge under the “Bridge KAP” tab. We’ll be adding other options to bridge $KAP from other Layer 2s down the road.
(Note: Bridging $KAP is currently one-way from Ethereum to Blast. Bridging from Blast to Ethereum will be enabled soon.)
Step 2c. Buy $KAP on Blast.
If you already have ETH or stablecoins on Blast and want to buy $KAP instead of bridging it, you can use Thruster.finance to swap ETH for $KAP.
(Note: Thruster.finance is an unaffiliated third-party platform, proceed with caution & acknowledge risks are your own.)
Step 3. Stake.
After you’ve acquired the amount of $KAP, ETH, or USDB you’d like to stake, head to https://kap.gg/blast and prepare to level up! Choose your currency, see the number of Pirate Tier points you’ll be generating, and then press Stake to finalize.
Step 4. Use your multiplier to play, reap the rewards passively & actively!
You’ll get mBLAST emissions just for having value in the pool! Rewards are distributed pro rata based on the amount of value you have vs the entire pool’s value. In addition, you can hop directly into Captain & Company and start playing to really make the most of your Pirate Tier multiplier. Best of luck, scallywags!
A Quick Update on Future Developments
With Season 1 well through midway complete, we’ve got a lot to look back on. Launching a live service game on three platforms (PC, browser, and mobile), creating the very first Redeemables (“lootbox”) contracts with OpenSea, and building one of the highest-volume NFT collections on Arbitrum are lofty objectives that we’re proud to have hit with all of you together.
Pair that with another complete chain migration to a new and untested environment, and you can very quickly see how our cabin boys have been manning the ropes day & night to make this work for all ye pirates!
As we look forward to Season 2, we’ll be teasing a number of completely new gameplay features we’ve been working on under the hood, as well as a number of NFT-related releases that players have been asking for since the start (perhaps rhymes with “TFT”…?).
Additionally, during Season 2 we’ll be dramatically revamping the entire Doubloons, Pirate Power, Pirate Tier, mBLAST, Pirate Points, and Nuggies systems… because that’s just too much. It’ll be simpler, easier to understand, and still hit that same balance of fairness across our myriad ecosystem participants, from players to collectors to farmers.
⚓ Hoist yer anchors, mateys! Onward! 🏴☠️
Join the Discord to claim yer holder roles and more private access to the developers!