On May 2022, BlazeStake Launched in Solana

As the newest Liquidity Staking Protocol, it started its journey in an ecosystem where other big projects such as Marinade Finance and Lido had all the User Retention as being the most popular options for the Solana Community

• Liquidity Staking protocols facilitate the staking activity in the network and here is an example by BlazeStake:

When you stake your Solana, you are locking your tokens to vote for a validator who verifies transactions on the Solana blockchain, and in exchange, both you and the validator get rewarded for helping to keep the network secure. However, when you stake your Solana the normal way, each stake account is specific to only a single validator out of the 1800+ validators. This system leads to a few popular validators having a disproportionally large number of SOL staked to them (more than 33% of staked SOL is used to vote for just 30 of the 1800+ validators). When you stake with BlazeStake, the stake pool spreads your stake across hundreds (and in the future, thousands) of both high performing validators and smaller validators, which greatly increases the security of the Solana blockchain while optimizing your rewards.

An added benefit of using a stake pool such as BlazeStake is that you receive liquid tokens in the form of bSOL, which represents your staked SOL. bSOL automatically increases in value relative to SOL as staking rewards accrue. You can use bSOL tokens in a variety of DeFi applications to further increase your staking rewards.

BlazeStake Understood the Importance of User Reach

BlazeStake being a new Protocol that didn't have the reach of LIDO, had to work harder to be known in the Web2 and Web3 worlds.

But thanks to their constant activity on Twitter, this protocol manages to be really active in crucial times such as the FTX Crash or the $BONK hype leading to an influx of new stakers and expanding the reach of their Liquid Staking Derivative (LSD) token the $bSOL.

Although $bSOL started later than other LSD tokens such as $stSOL from LIDO or $mSOL from marinade, $bSOL pace isn't slow, and when a new trend appears $bSOL is already working to be available in all the DeFi Ecosystem of Solana.

July 2023, BlazeStake Month's

This Month, BlazeStake started to expand its discord reach and announced the Airdrop of its Protocol Token, in a matter of days a lot of members from the Solana Community like @otaku_1996sol Appeared to help this protocol to become known for everyone involved in Solana, achieving incredible numbers in less than half of this month.
Users Who wanted to be part of the airdrop started their journey staking their $SOL, using the $bSOL to provide liquidity in different DeFi and sharing the story with new users in Solana looking for guidance to stake.
 

Website - Twitter - Discord - Docs - Dashboard's Twitter Thread

Otaku.Sol Announcing BlazeStake Airdrop in July 8th

The Tweet - My Response

Tweet Announcing the Launch of BlazeStake

BlazeStake weekly summary tweet