How to Deploy a Boost on Boost V2: A High-Level Guide

Deploying a boost on Boost V2 is a straightforward process that allows you to incentivize specific on-chain actions. Follow these steps to create your boost:

Prerequisites

  • A Web3 wallet (e.g., MetaMask)
  • Sufficient tokens for rewards and gas fees
  • A clear understanding of the action you want to incentivize

Steps to Deploy a Boost

  1. Connect Your Wallet

    • Visit the Boost V2 platform (https://boost.xyz)
    • Click on “Connect Wallet” and choose your preferred wallet provider
    • Ensure you’re connected to the correct network (e.g., Ethereum Mainnet, Polygon)
  2. Navigate to the Deploy Flow

    • Once connected, click on “Create Boost” or “Deploy” in the main navigation
  3. Select or Create a Budget Account

    • Choose an existing budget account or create a new one
    • If creating a new account, you’ll be prompted to deposit tokens
    • This step ensures you have funds allocated for your boost rewards
  4. Select or Input Contract Details

    • Choose a pre-existing contract from popular protocols, or
    • Input a custom contract address
    • Select the specific function you want to incentivize
  5. Define the Action

    • Specify the exact on-chain action you want to boost
    • Set any parameter conditions (e.g., minimum transaction amount)
  6. Configure Reward Structure

    • Choose the reward token (e.g., USDC, ETH, or your own token)
    • Set the reward amount per action
    • Define the total budget for the boost from your selected budget account
  7. Set Boost Duration

    • Choose a start date and time
    • Set an end date or total action limit
  8. Review and Confirm

    • Double-check all details of your boost
    • Ensure your budget account has sufficient funds for the total boost budget
  9. Deploy the Boost

    • Click “Deploy Boost”
    • Confirm the transaction in your wallet
  10. Monitor and Manage

    • Once deployed, you can monitor your boost’s performance
    • Adjust parameters or top up the budget account as needed

Key Considerations

  • Ensure you have enough gas tokens (e.g., ETH) to cover deployment costs
  • If you don’t have a budget account, you can create one during the deployment process
  • Consider starting with a smaller budget for testing before scaling up
  • Be precise in defining the action to avoid unintended reward distributions
  • You can deploy multiple boosts from the same budget account
  • Familiarize yourself with the Boost V2 documentation for advanced features

Best Practices

  • Clearly define your goals before creating a boost
  • Align your boost strategy with your project’s overall tokenomics
  • Monitor your boost’s performance and adjust as needed
  • Communicate the boost details clearly to your community
  • Consider the potential impact on your token’s economics and user behavior

Remember, each boost targets a specific, verifiable on-chain action. Design your boost carefully to align with your project’s goals and tokenomics.

For more detailed instructions or to explore boost templates, visit the Boost V2 documentation.