Help with blisters on hands - peel the flappy skin off or leave it on?

i know some gynmasts use honey with chalk. anyway about the blister, all the serious elite gymnasts I've known(I worked at a training gym) cut off the blister. It actually hurts more at first, but then skin grows a callus in it's place so you won't get it again. Just keep it clean and covered while working out and then let it air out(especially at night) until it clears up