August claims are now live on Sablier. As mentioned earlier, they vest for 30 days. The stream must be initiated by you, which you can access by following the link from your profile page.
FartherDAO: The Next Chapter
- Tipping will pause indefinitely after the current cycle
- The treasury will be turned over to community control via FartherDAO
Please read the blog post for all details and post questions below:
https://paragraph.xyz/@farther/the-next-chapter
Currently consolidating the out-of-range positions in the Uniswap 0.03% pool so they're in range.
After that, I'm going to burn the LP tokens so liquidity is permanently locked. Will follow up by replying to this cast with transaction links. 🫡
The 15% weekly limit to tippers has been made more lenient. It previously was checking if the recipient had tipped during the month. Now it will only check if they currently have an allowance.
Please tip people *outside* of the tipping community. Farther has no chance of growing unless you do.
If Farcaster grows, we all benefit.
Farcaster won't grow if the majority of accounts are bots, spam creators, or people trading tips to farm tokens.
Farther aims to help change that culture, and hopefully create a mutually beneficial relationship with Farcaster as quality users increase.
The scoring system seems to be working!
Tippers who distribute widely to underrated users are rising in the ranks.
Side note: Next month, only tippers who continue to hold at least 100k until the end of the month will qualify for tipper rewards.
Server issues seem to be resolved.
If you didn't receive a reply from @fartherbot on any tips, they likely weren't registered. Some were coming through.
Given the reset just happened, we're going to continue this cycle as usual.
Apologies & thank you. 🙏
I know some of you are upset about frequent changes, but this is a very nascent system that requires fine tuning. That's much easier now that we have a few weeks of data.
The following fixes will be deployed later today which will significantly benefit authentic, consistent tippers over bots:
1. Significant reduction in variance between scores of tips to new vs established users.
2. Tipper score will now be the *sum* of tip scores (not the average)
3. The website will hide tipper scores in favor of tipper rank, since that is easier to understand. The scores will still be accessible via API.
I've noticed this and am working on a fix.
OpenRank engagement scores are very volatile for newer users compared to older users, and @ayushsinha.eth tipped a user with an extremely low engagement score.
I have a dampener in the scoring algorithm, but it clearly needs to be increased. Thank you for your understanding.
The poll on gradual claim distribution over two months was rejected.
However, given it was a somewhat close vote, I think a fair compromise is to use a vesting period of one month. This will eliminate any advantage in people strategically selling right before claim day.
For this week's Round, let's highlight the quality, underrated users you're giving tips to.
Write a cast that tags their account and explain why you think they're interesting. They must be from outside the community (no other $farther holders!).
25k will be distributed to my 5 favorites (5k each).
It has become clear some tippers are engaging in short-term extractive behavior. So beginning within the next day, new restrictions will be enforced:
1. Tips to other tippers won't count toward your tipper score.
2. Within a 7 day rolling window...
- a max of 15% of allowance can be given to other tippers
- a max of 15% of allowance can be given to the same user
These changes will benefit honest tippers and hopefully drive more value to underrated users who haven't heard of Farther, which is ultimately the biggest thing that can grow this project over the long term.
