Token Stack
The Blot economy operates as a five-layer token stack. Each layer serves a distinct purpose and creates demand pressure on the layer below it.
Every fee generated by the protocol flows to participants who commit capital and governance attention. There are no inflationary rewards, no team unlocks diluting holders, and no mercenary yield farming — just protocol revenue distributed to the people running the system.
The Stack
Each layer requires commitment from the layer below. BLOT requires burning FROTH. VOID requires burning BLOT. veVOID requires locking VOID. Every step up the stack is a deeper commitment to the protocol, and every step is rewarded with greater access to protocol revenue and governance power.
FROTH — The Origin
FROTH is the multichain deflationary token at the base of the stack. It was fair launched via the KittyPunch token launchpad on Flow EVM — no VC allocation, no team tokens, fully circulating from day one.
| Property | Value |
|---|---|
| Initial Supply | ~978,835,412 |
| Current Supply | ~967,000,000 (ever-decreasing) |
| Chains | Flow EVM, Abstract, Ethereum |
| Launch Method | Fair launch, bonded with locked LP |
FROTH is the only way to obtain BLOT. To participate in the Blot economy, you burn FROTH permanently. This makes FROTH the entry ticket to every layer of the stack above it. The supply can only go down.
Contract Addresses
| Chain | Address |
|---|---|
| Flow EVM | 0xB73BF8e6A4477a952E0338e6CC00cC0ce5AD04bA |
| Abstract | 0x5e1F9a9BD16DEB2A44C9723A72D99F759A30d907 |
BLOT — The Protocol Token
BLOT is the native token of the Blot Protocol on Ink. It is minted exclusively by burning FROTH on Ethereum at a fixed 10,000:1 ratio. This is a one-way conversion — there is no bridge back. FROTH goes in, BLOT comes out, and the FROTH is gone forever.
| Property | Value |
|---|---|
| Conversion Ratio | 10,000 FROTH : 1 BLOT |
| Maximum Possible Supply | ~96,700 BLOT |
| Direction | One-way burn only |
| Chain | Ink (Kraken L2, OP Stack) |
| Standard | ERC-20, LayerZero OFT |
How to Get BLOT
- Acquire FROTH on any supported chain (Flow, Abstract, or Ethereum)
- Bridge FROTH to Ethereum if not already there (via deBridge)
- Approve and burn FROTH through the FROTHBurner contract
- Receive BLOT on Ink (~4 minutes processing time)
What BLOT Does
Burn fuel for VOID minting. To mint the governance token VOID, users must burn BLOT alongside Drips. This creates persistent demand and deflationary pressure on BLOT supply.
Single-sided staking. Stake BLOT to earn Drips passively. No impermanent loss — just hold and accumulate the points needed to eventually mint VOID.
BLOT is deflationary twice over — the supply is capped by FROTH availability, and existing supply is continuously burned through VOID minting.
Drips — Activity Rewards
Drips are the protocol activity points system. They are non-transferable, non-tradeable points that accrue to users based on their participation in the Blot ecosystem. Think of them as proof of contribution.
How to Earn Drips
| Activity | Drips Earned |
|---|---|
| Staking BLOT (single-sided) | Passive accrual based on amount staked |
| Providing LP on BlotSwap | Accrual based on LP value and gauge weight |
| Minting leveraged tokens | One-time Drips on mint |
| Holding leveraged tokens | Passive accrual while holding |
| Trading on BlotSwap | Small Drips per swap |
| Property | Value |
|---|---|
| Transferable | No |
| Tradeable | No |
| Expiry | None |
| Purpose | Burned alongside BLOT to mint VOID |
Drips Emission & Gauges
Total Drips emission rate is fixed by the protocol. Where those Drips flow is determined by veVOID governance through the gauge system.
veVOID holders vote on which pools, vaults, and activities receive boosted Drip emissions each epoch. Projects and protocols can bribe veVOID holders to direct emissions toward their preferred pools — creating gauge warfare dynamics proven by Curve and Velodrome, applied to leveraged token liquidity.
VOID — Governance Token
VOID is the governance token of the Blot Protocol. It is minted by burning BLOT plus Drips. There is no other way to obtain VOID — no team allocation, no VC supply, no airdrop. You earn it by participating.
Burn BLOT + Burn Drips → Mint VOID
The exact ratio of BLOT and Drips required per VOID is set by governance and may adjust over time. Both inputs are burned permanently — BLOT supply decreases, Drips are consumed, VOID is the output.
| Property | Value |
|---|---|
| Supply Model | Deflationary inputs, no inflation |
| Minting | Burn BLOT + Drips |
| Tradeable | Yes (ERC-20 on Ink) |
| Primary Utility | Lock as veVOID for fees, voting, and bribes |
VOID is the gateway to protocol revenue. Without VOID, you cannot earn fees, vote on gauges, or collect bribes. The entire revenue layer sits behind VOID.
This creates a natural demand cycle: protocol generates fees → users want those fees → they need veVOID → they need VOID → they burn BLOT and Drips → BLOT supply shrinks → FROTH burns accelerate.
veVOID — Vote-Escrowed Governance
veVOID is the final layer of the token stack and where all protocol revenue ultimately flows. veVOID is created by locking VOID-WETH LP tokens on BlotSwap. It is the most committed position in the protocol and is rewarded accordingly.
How to Get veVOID
- Acquire VOID (by burning BLOT + Drips)
- Pair VOID with WETH on BlotSwap to create LP tokens
- Lock the VOID-WETH LP tokens to receive veVOID
What veVOID Earns
| Revenue Source | Description |
|---|---|
| Protocol Fees | 80% of all protocol revenue flows to veVOID holders |
| Gauge Voting | Direct Drip emissions to preferred pools |
| Bribes | Collect payments from projects wanting gauge votes |
veVOID Governance Powers
| Power | Description |
|---|---|
| Gauge Weight Voting | Allocate Drip emissions across pools and products |
| Parameter Governance | Vote on fee rates, leverage caps, new asset listings |
| Bribe Collection | Earn bribes from protocols seeking directed emissions |
Protocol fees are distributed to veVOID holders proportional to their balance. Distributions happen weekly, denominated in USDT0 (the protocol's quote asset).
Supply Dynamics
FROTH Supply Compression
FROTH supply can only decrease. There is no mint function. Every burn is permanent.
| Metric | Value |
|---|---|
| Current FROTH Supply | ~967,000,000 |
| Effective Circulating | ~72% (~696M) |
As Blot demand grows, FROTH burns accelerate. At scale, hundreds of millions of FROTH can be permanently removed from circulation.
BLOT Supply Compression
BLOT itself is deflationary. Minted only from FROTH burns, then continuously burned through VOID minting. Over time, VOID demand exceeds new BLOT minting, creating net deflationary pressure.