How it works
Deploying Boosts
Step-by-step guide on how to deploy new Boost incentive programs
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
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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)
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Navigate to the Deploy Flow
- Once connected, click on “Create Boost” or “Deploy” in the main navigation
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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
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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
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Define the Action
- Specify the exact on-chain action you want to boost
- Set any parameter conditions (e.g., minimum transaction amount)
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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
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Set Boost Duration
- Choose a start date and time
- Set an end date or total action limit
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Review and Confirm
- Double-check all details of your boost
- Ensure your budget account has sufficient funds for the total boost budget
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Deploy the Boost
- Click “Deploy Boost”
- Confirm the transaction in your wallet
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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.