Tipping Algorithm Update Announced
Tipping Algorithm Update Announced
🔄 Algorithm Shake-Up Incoming...
Jacek, a prominent figure in the Farcaster ecosystem, announced today that the tipping algorithm will undergo an update. Instead of relying on engagement data, the new algorithm will utilize social graph data to determine how often users tip each other. This change aims to provide a more accurate representation of the value users place on content within the community.
Degen Foundation Treasury Management & VC Relations Update
The Degen Foundation reveals its treasury strategy of writing out-of-money call options (~$3M notional) to generate sustainable income. This approach only triggers if $DEGEN price increases. Key updates: - Binance Alpha drop funded from Airdrop 3 pool - Reducing airdrops; tip allowances ending with Degen App launch - Treasury remains strong despite challenging market Notable VC dynamics: - Some VCs attempted discount purchases before dumping - 1confirmation highlighted as aligned long-term partner The foundation emphasizes long-term building without relying on VC funding or token dumps. Tokenomics page update pending.
Degen App v1 Announcement: A Minimalist Farcaster Client
Degen announces v1 of their Farcaster client, focusing on Reddit-style channel discussions. Key features: - Clean, lightweight interface - Embedded wallet functionality - Direct tipping from user funds - No messaging or frames - Streamlined onboarding process The app aims to attract new users to Farcaster with its minimalist approach, prioritizing genuine discussions over engagement mechanics. Launch planned for FarCon. Previous development updates revealed plans for thread bumping and default anonymity features, positioning the app as a hybrid between 4chan and HackerNews.
Lightweight Farcaster Client Announcement
A new minimalist Farcaster client combining elements of 4chan and HackerNews is in development. The platform emphasizes simplicity with: - Thread bumping functionality - Built-in tipping system - Anonymous posting by default - Focus on text and image content only The client strips away common social features like profiles, direct messages, frames, and recasts. Launch is scheduled for FarCon. This development follows Farcaster's recent integration with Coinbase Wallet's social feed, marking significant mainstream expansion.
Advent of Degen - Day 18 Highlights
**@kaspotz**, creator of @poidhxyz, receives community recognition for building one of Degen chain's most engaging platforms. The platform enables users to: - Post bounties - Verify completion with photos - Earn rewards **Bridge Updates:** - bridge.degen.tips preparing to implement Stargate routes - Currently users can bridge directly via Stargate - Trading available on @CamelotDEX after bridging *Notable Achievement:* @poidhxyz recently celebrated 2,000 DEGEN bounties milestone.
DEGEN Implements Anti-Farming Measures and Plans Vault Upgrade
DEGEN is cracking down on tip-for-tip farming: - Users caught trading tips excessively will lose their allowance - Daily tip allowances total 5M DEGEN ($1.2M/month at current prices) - Planned vault upgrade: longer locks = larger share of tip pool DEGEN aims to discourage low-tier farmers and maintain system integrity. Users are advised to consider these changes when locking DEGEN. **Reminder:** To receive tip allowances, extend your lock or re-lock withdrawable LDEGEN.