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Airdrop 2 Season 4 has kicked off as of 30 April 2024 UTC time, and will presumably end 30 May
The link to the latest complete FAQ will always stay the same, but I will post these individual updates to help you navigate what changed more easily. Subscribers will receive an email when new changes are published.
The tip allowance curve has changed, benefiting older and larger accounts
Only reactions to casts that were casted at most 8 days ago will now be considered
Daily tip allowance is now capped at 5 million DEGEN across all eligible donors
Specially guaranteed tips for perl, paybot, casterbites, ethXY have been eliminated - all users now have the same tip allowance rules apply to them
Expanded the section explaining Median Reactions with additional detail
Added a section about the impact of Storage on your allowance (TL;DR it's critical)
Added useful links (see the full FAQ for the links):
@ds8's Degen frame & cast actions
Farmarket: if you're looking for an old account to get that 3x multiplier boost
Degen airdrop analysis: all the airdrop stats you need
Degen tips data status: tells you whether the Dune data is up-to-date or not
The curve has changed. Accounts with a 2x (22 days) and 3x (307 days) retroactive boost and more reactions benefit the most from this change. In this image, the green line is the season 4 curve, and the dotted red line is the season 3 curve.
Tip allowances are now scaled down from this curve, such that the total tip allowance across all users is limited to 5 million DEGEN per day.
This rule change is potentially problematic in light of the newly implemented tip scaling, because the historical tip allowances can now "change" as new reactions come in for older casts:
When one user's allowance increases, because of the new 5 million daily cap rule, the allowance of other users must go down. Since the allowances snapshot is captured once at the end of the month, this means tips that were valid on the day could retroactively end up being invalid. That being said, the tipping logic also includes a 50% safety margin, so perhaps this may not be a problem.
Credit to llamatron.eth for discovering the above.
All comments (28)
Here is an interesting article by @rjs https://paragraph.xyz/@rjs/degen-tips-v7-update It's mostly due to Farcaster's choices to favor big accounts, and let's be honest, big engagement farming accounts
that’s sad! very unlikely to invite my network here at this rate
Yep, extremely disappointing, and the response of most of big farcaster related accounts is " go make money on altafrens" 🤷♂️
i bookmarked this from @benroy whenever i think of criticising what’s happening … so going gentle ha ha fact remains - it’s a socialfi app not necessarily meant for artists but using art and artists as the rest of web3 so far for quote unquote gentrification purposes https://warpcast.com/benroy/0x362aac2f
GM... how many people reading this have: a. Published a book with a traditional press? b. Self-published? (Amazon KDP or other ebook) c. Published an audiobook? d. Published a "literary NFT" / NFT book? Bonus Question: What excites you about publishing in Web3? Looking forward to dropping some $DEGEN on comments!
a. d. For a): Haven't published a book with a traditional press as sole author, but I've done developmental editing for a nonfiction anthology and also contributed an essay to it. It was then published through a traditional press. So... sort of? For d): I've published "literary NFTs" in the form of essays.
In answer to the bonus question: what excites me about publishing in web3 is the prospect that we might finally have viable ways to free the next Hemingway from flipping burgers. https://paragraph.xyz/@danicaswanson/writers-web3-and-earning-a-living/?referrer=danicaswanson.eth
Congratulations on getting an essay in an anthology! Care to share the title? Also, how do you find Paragraph to be in terms of audience/income? 2 $DEGEN 🎩
B and D and a little C for me. Recorded some chapters from my book on SoundCloud. Does that count?
I think it counts! I've recorded audiobooks (still need to upload to Audible) and also used Murf AI to voice audiobook unlocks to one of my NFT short shories... Haven't got a SoundCloud yet - do you find it is either good for profit or audience-building? 3 $DEGEN 🎩
b. Discovery is what excites me about web3 publishing; even though we may still be at the beginning of the premordial big bang stage, if that makes sense. Kinda like those Rocket reader days of yore when few could imagine reading fiction other than on paper.
Great answer, Mark - and that's one of the things that excites me, too! I remember being "in" during the early days of KDP, Smashwords, etc - then having to focus on my military career for the next decade. Now, I'm able to focus on writing / publishing - and we're again at the "dawn of a new medium" 8 $DEGEN 🎩
The answer is here 💁🏼♀️ (ty @wake @marydeer on pointing to that ans @rjs on making that) didnt know we have that huge update! https://paragraph.xyz/@rjs/degen-tips-v7-update
I still don't understand what is happening 😭😭😭
What you did 8 days ago is more important than what you did yesterday (shortly speaking)
There's a lot of smart stuff written there, very interesting. I'm losing some of the gist of it, but it's very interesting
I started with 62 degen and now I'm at 31 😅
thanks a lottt
So just to experiment I’ve been extremely active last 2 days, overall my casts got 300 + reactions However allowance decreased for 40 degen each day So I wonder, how’s degen allowance is working now because decreasing while doing hard work feels unusual 👁️👁️🎩
The answer is here 💁🏼♀️ (ty @wake @marydeer on pointing to that ans @rjs on making that) didnt know we have that huge update! https://paragraph.xyz/@rjs/degen-tips-v7-update
❤️🔥
https://paragraph.xyz/@rjs/degen-tips-ultimate-faq I came across this article with calculations, quite a lot of factors that affect our daily allowances.
As I understood it is important not only the activity of our audience, but also that they should be exclusive people. Also has an influence when were our first casts (which means that we should always keep an eye on our vault) and something else, I need to honor a couple more times
Yeah that is odd.
Yeah I don’t fully understand it either 🤷🏻♂️
owww, mine is decreasing too but i thought it was normal because my average daily reactions decrease as well 🤔
nope, scroll through my page and see how many reactions ive got yesterday and be surprised that allo went from 640 to 601 today hmmm
well yeah so i really think they put some new rules in the allowance and so it decrease little by little no matter what because i checked friends allo on dune and everyone got reduced. there is probably a reason, i would love to know 😆