The Secret Impact Alpha Master Plan
TL;DR: Impact Alpha starts as a small project that rewards quality content on Farcaster, but it has plans to operate at the scale of network economies, and allow people to prosper based on the impact they create in the world. This article outlines how it can be done. For more in-depth discussion check out the Abundance Protocol Whitepaper or The Abundance Economy book.Impact Alpha is the very humble beginnings of something much greater. So let me explain what it is. The two biggest issues we ...
Why Farcaster needs Extended Reactions
Extended Reactions will enable stronger value signals on Farcaster, which would promote high quality content (instead of farming), and create new primitives for communities and developers to leverage for growth.
What is /impact?
/impact aims to accelerate Farcaster’s transition from a DAUs & engagement-focused protocol to one that captures the value of real-world impact.
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The Secret Impact Alpha Master Plan
TL;DR: Impact Alpha starts as a small project that rewards quality content on Farcaster, but it has plans to operate at the scale of network economies, and allow people to prosper based on the impact they create in the world. This article outlines how it can be done. For more in-depth discussion check out the Abundance Protocol Whitepaper or The Abundance Economy book.Impact Alpha is the very humble beginnings of something much greater. So let me explain what it is. The two biggest issues we ...
Why Farcaster needs Extended Reactions
Extended Reactions will enable stronger value signals on Farcaster, which would promote high quality content (instead of farming), and create new primitives for communities and developers to leverage for growth.
What is /impact?
/impact aims to accelerate Farcaster’s transition from a DAUs & engagement-focused protocol to one that captures the value of real-world impact.
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Share Dialog
The meta right now on social media (including Farcaster) is that users create content, art, or ship products, and then have to create distribution channels for their work by driving engagement to it. This creates a perverse incentive to create things that drive engagement instead of things that are actually valuable to people.
With Impact Alpha creators and builders can focus on making the most impactful work for the Farcaster community, while curators are incentivized to proactively look for great content and drive discovery (and tips) to it.
As a creator or builder all you need to do is focus on creating things that benefit the Farcaster community. If you have tip allowances you can auto-tip specific curators or the ecosystem at large. 90% of tips go to creators and 10% to curators for their effort.
As a curator you get a daily allowance of $IMPACT points. When your staked casts are upvoted, your daily allowance increases (and vise versa). The best strategy then is to stake points based on the value of casts to the Farcaster ecosystem. Doing so will increase your allowance over time and allow you to stake more points – the more points you have staked on quality casts the more tips you're likely to get. You get 10% of tips that go to your staked casts thru Impact Alpha
Login to Impact Alpha at impact.abundance.id (see demo)
Install the $IMPACT Console Cast Action on your Farcaster client (see demo)
Stake $IMPACT points – use the Cast Action to stake $IMPACT points on great content – the more valuable the content to the ecosystem the more points you should stake (see demo)
Up/downvote (qDAU) – the system depends on curators staking points based on the impact of the cast. If you see inappropriate staking or overvalued casts downvote those. Upvote quality staking. These votes affect the future allowance of curators, so they have an incentive to stake points based on the impact of casts
Unstaking – if you accidently staked too many points on a cast you can unstake the extra points from the cast, as long as no one else up/downvoted on it. A downvote will result in lower future allowance
Multi-tip – you can multi-tip any tip allowances you have thru Impact Alpha frames. If you multi-tip thru the frame of another curator the system would distribute 90% of the tip to a random sample of 10 of their picks (proportionally to points staked), while curator will get 10% of the tip) (see demo)
Auto-tip – before allowances reset Impact Alpha can distribute your remaining $degen, $ham & $hunt tip allowances. You can choose specific curators (to distribute allowances to their picks) or ecosystem-wide (see demo)
Share custom multi-tip frame – you can use Composer Actions to share the picks based on specific curators, channels, and timeframes (make sure your custom selection has curated casts)
Explore – you can explore curated content in the app or by tapping on Explore in frames (see demo)
The meta right now on social media (including Farcaster) is that users create content, art, or ship products, and then have to create distribution channels for their work by driving engagement to it. This creates a perverse incentive to create things that drive engagement instead of things that are actually valuable to people.
With Impact Alpha creators and builders can focus on making the most impactful work for the Farcaster community, while curators are incentivized to proactively look for great content and drive discovery (and tips) to it.
As a creator or builder all you need to do is focus on creating things that benefit the Farcaster community. If you have tip allowances you can auto-tip specific curators or the ecosystem at large. 90% of tips go to creators and 10% to curators for their effort.
As a curator you get a daily allowance of $IMPACT points. When your staked casts are upvoted, your daily allowance increases (and vise versa). The best strategy then is to stake points based on the value of casts to the Farcaster ecosystem. Doing so will increase your allowance over time and allow you to stake more points – the more points you have staked on quality casts the more tips you're likely to get. You get 10% of tips that go to your staked casts thru Impact Alpha
Login to Impact Alpha at impact.abundance.id (see demo)
Install the $IMPACT Console Cast Action on your Farcaster client (see demo)
Stake $IMPACT points – use the Cast Action to stake $IMPACT points on great content – the more valuable the content to the ecosystem the more points you should stake (see demo)
Up/downvote (qDAU) – the system depends on curators staking points based on the impact of the cast. If you see inappropriate staking or overvalued casts downvote those. Upvote quality staking. These votes affect the future allowance of curators, so they have an incentive to stake points based on the impact of casts
Unstaking – if you accidently staked too many points on a cast you can unstake the extra points from the cast, as long as no one else up/downvoted on it. A downvote will result in lower future allowance
Multi-tip – you can multi-tip any tip allowances you have thru Impact Alpha frames. If you multi-tip thru the frame of another curator the system would distribute 90% of the tip to a random sample of 10 of their picks (proportionally to points staked), while curator will get 10% of the tip) (see demo)
Auto-tip – before allowances reset Impact Alpha can distribute your remaining $degen, $ham & $hunt tip allowances. You can choose specific curators (to distribute allowances to their picks) or ecosystem-wide (see demo)
Share custom multi-tip frame – you can use Composer Actions to share the picks based on specific curators, channels, and timeframes (make sure your custom selection has curated casts)
Explore – you can explore curated content in the app or by tapping on Explore in frames (see demo)
99 comments
https://paragraph.com/@abundance/impact-guide?referrer=0x55BAF79137628AaD1c502A8cABa7D67dF38cD7dC
Need some help before reset later today, where should the $betr tips go?
auto-funding creators on /impact :) https://impact.abundance.id/~/auto-fund
sure looks great, you have a paragraph how everything works?
sure. a bit outdated, as in the progress of building Impact 2.0, but covers the main points: https://paragraph.com/@abundance/impact-guide
36969 $betr arttip
💪🙏💜
0xD70C771F337a8493ba6FB6EEC4Ba9d08cf9a1d0C 👀
does this work 16969 $betr arttip
Tysm bro 🫡
5000 $BETR
https://farcaster.xyz/koolkheart.eth/0xa4a22a66 Put some here
Have betr art thread?
would prefer betr arttip 6969 $betr
I’ll have to figure that out, in yr app right?
6700 $BETR
i am here 😉 Arttip
👀 👀 👀
to @dosir he is super active ^^
lol yes… Trying to keep thangs up 🥵 Thx Mynimal. You deserve some too.. mvr already betrd me some
6887 $BETR 10900 👏 369 $degen
u're super keep going fren! ^^
As the spirits leads, tip as you like
Still try to understand how it really works here, which other way can I contribute if I don have degen to auto-tip
please check the impact guide: https://paragraph.com/@abundance/impact-guide
Okay thanks fam I'll check it out
Buy degen 😂😂😂
Buy for me my friend I love you
😂😂😂 soon my friend
Happy Degen Claim Day everyone! /impact just had its best season yet and will be giving out 100,000(!) $degen to curators and @impactfund contributors How to claim? - Reward is based on your 30-day Impact Score - Claim your reward in the frame below (you have 4 days to claim) - Once claimed, reward will be airdropped to your wallet after the 4-day period - Unclaimed rewards are distributed to creators and curators thru the Creator Fund https://impact.abundance.id/~/ecosystems/abundance/daily-v1?start=11
Wow wow, it looks like I got 936 $degen 💜💜💜
I don’t know , did I claim or not?
check on impact.abundance.id
Wish Neymar had a working link redirecting me impact, tunecaster and o guessing a few others I’ve yet to engage with. 😶
👍
Is it possible to explain how can I participate in impact weekly campaign?
sure. here's a quick how to: https://farcaster.xyz/abundance/0xd5df6e8e check the /impact guide for more: https://paragraph.com/@abundance/impact-guide
Tnx sir
celestial tea party 💜
like it!!! good 40 $degen
Wow, thank you so much for your words and tips!
a pleasure
20 $degen Awesome
TYSM 🥰
/impact multi-tip: 99 $DEGEN /impact rewards you for your impact
thank you! No idea how this impact thing works though
https://paragraph.com/@abundance/impact-guide
I posted a guide below. People vote on what casts have impact on the ecosystem. People can tip their own curations, other people’s curations, or all nominated casters with anything tippable. There are daily rewards and seasonal rewards. @abundance , who created the app, has a lot of great thought and writing about value based economies. It’s worth checking out. Though I’m not sure what’s next for /impact as all the tipping coins from this ecosystem are disappearing.
@liturgy just staked $impact on @squishna's cast. Support @liturgy's nominees by subscribing to auto-fund their curation. Opt out of /impact nominations in frame
Cute!
thank you!
How cute!!! Love it! 100 $degen
cheers, and thank you for the chance to play!! such a fun idea
Oooh may I join 😁?
yes, the challenge is still open, follow @calledtosayily page for all the info. it was super fun to play!
So glad you enjoyed it! And @wordstobepoetry you have until Friday Midnight UTC time to submit your pieces. You'll find the visual element to use in /sayily-art channel! Welcome! <3
1300 $degen 🎊🫶🎉🥳✨️🥳✨️🥳🎉🫶🎊
wow thank you so much!! though i have yet to figure out how to redeem degen tips...
As long as your wallet is connected, you just have to wait until the next claim window and use the degen official mini app (directly on Farcaster)! Congratulations again!!
lovely 🫖 🌟 🌻 🌻 🎤
thank you, it was a lot of fun
So cute 🥰 😁
Haha, thanks my friend. It was great to just get pretty silly with this one!
Totally, Loved the silliness 😁
<3
also gif version!
Question to Impact curators & users: which current functionality of Impact v1 frames do you believe would be improved if we used a v2 frame instead? Or, what functionality that currently doesn't exist in the system could be made possible thanks to a v2 frame?
I'm supporting great builders & creators on /impact by @abundance. 💞 My latest picks feature @ogebaeby, @reinasalti, @avauniverse111, @awkquarian & @jacque Explore my curation and support the nominees here: https://impact.abundance.id/~/ecosystems/abundance/curation-v1?id=67b334789e04d91f67f6114f
I don’t get how this works
same im still exploring but @jacque put me on hehe. allows me to multi tip all my nominees in degen in 1 go but I don’t really understand staking the IMPACT on casts yet
Welcome onboard! :) Check out the guide or the first part of the community call where I go over how to use Impact. Would love to help out if you have any questions https://paragraph.xyz/@abundance/impact-guide https://warpcast.com/abundance/0xdb0d3a2d
This is amazing!!!💕 I need to use this
Thank you for the support, gorgeous ✨💗
alwaysssss!!!<3
What is your top feature request for Impact Alpha?
Ahh what is that? :)
well, since you asked.. https://paragraph.xyz/@abundance/impact-guide
Thanks! Will read later 🫡 Very much interested in diving deeper to what you’ve been building, will put a lot more thought into it after my vacation :)
Giving gives back! Have you joined /impact yet‽ I just claimed 426 $degen in Impact Rewards for contributing to /impact (frame by @abundance) /impact gives out daily rewards to those who curate, auto-fund or invite contributors to use Impact Alpha. Check your reward here 👇 https://www.sound.xyz/jacquec/kintsugi?referral_source=link
Is there a quick start guide or video for new folks?
@abundance‽
Sure ~ Guide: https://paragraph.xyz/@abundance/what-is-impact Video walkthrough (first part of the community call) https://youtu.be/klGxuzWiQDs?si=KEqtZ65PRMQ6m4jN
TY
sorry, here's the guide: https://paragraph.xyz/@abundance/impact-guide
THANK YOU!!!
Congrats
Wow, well done 💐
Awesome to see Impact Rewards driving contributions. Incentive models FTW! 💸 121.20 $TIP_DEGEN gigbot.xyz/claim
“alligator” (demo version) is here 🐊 i worked with the /yellow community at the end of 2024 to create 5 songs based on traits from their NFT collection revenue will directly support production & marketing costs toward a streaming release listen to the full song & mint on zora! https://bit.ly/4ayckAn
huuuuuuge thanks to @toadyhawk.eth for bringing this all together, @sloppy for making this awesome animation, and everyone in the @basedandyellow community for being the inspiration behind this song!
/microsub tip: 457 $DEGEN
Okay EPIC
thank you!!!
I'm tipping: 15 $DEGEN 18 $HUNT via Abundance Ecosystem on /impact /impact lets you earn curator rewards while supporting your favorite creators & builders on Farcaster
✅ 15 tipped ∙ 1 038 remaining 200 / 1 238 (16%) 🟩🟩⬜⬜⬜⬜⬜⬜⬜⬜
Great work!
Amazig work!!!! 👌💛💛
thank you! 🌟
I'm tipping: 3 $HUNT via Abundance Ecosystem on /impact /impact lets you earn curator rewards while supporting your favorite creators & builders on Farcaster