Buyback & airdrop

Blend’s cut of every trade, 30 bps of volume, buys BLEND on the open market. Of what is bought, 75% is burned. The other 25% is shared among the 500 largest BLEND holders every 6 hours, in proportion to what they hold, and waits on the Claim page until they take it.

every trade     30 bps of volume  →  buyback
buyback         BLEND bought on the open market
split           75% burned · 25% to holders
airdrop round   every 6 hours, top 500 holders, pro rata to balance
claim           any time; one claim collects every round

Why holders are paid in BLEND

Because the whole 30 bps becomes buy pressure. Holders then decide whether to keep or sell; the protocol never sells BLEND.

Rounds

• Every 6 hours, claimable as soon as it is published on chain.
• Only the 500 largest holders take part, each in proportion to what they hold. Liquidity pools, program-held accounts, Blend’s own wallets and the burn address are excluded.
• Rounds add up: one claim collects every round you missed. Nothing expires.