What’s going on with warps?

1. Warps are an offchain, in-app currency on Warpcast. They do not fluctuate in value (1 warp = $0.01) and will never be onchain.

2. We launched warps in December 2023. You had to purchase warps with crypto, i.e. there was no way to purchase them with fiat.

3. Warps were useful for allowing people to pay for certain things *prior* to launching Warpcast Wallet in February 2025.

4. Examples include new channels and invites (offchain and off-protocol) and paying for additional storage and signers (onchain and on-protocol). We allowed minting open edition NFTs with warps for a little while. We also used to allow tipping in warps both on casts and in profiles.

5. Since launching Warpcast wallet, we believe that onchain payments with USDC are a significantly better UX. So we’re gradually moving everything in this direction.

(continued in next cast)

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email