A sufficiently decentralized social network. farcaster.xyz

create autonomous memecoins for free, if you post bangers with me I'll pay you

quick update

1292 @farcaster users just received a total of 53.6 ETH from @clanker

@clanker is completely free to use, if the market decides your post is a banger, we actually pay you

next up: distribution of tokens from LP fees

founder /openventures | /proxyswap | tokenbot @clanker

Word up so that was like the eth half and now token half ?

few notes:  distributing WETH fees is much easier than distributing 1292 different tokens to 1292 Farcaster users. We'll get them out as soon as we can. 

No more than 1% of supply will be distributed in this batch, no matter how much was earned in LP fees

when token fee distribution 1 is complete, we'll publish all the data, along with docs on fees and timeline for the launch of user-claims

we know you want your rewards, so we are prioritizing building claims into @clanker natively. you should be able to ask "clanker, please distribute unclaimed fees" and receive WETH + Tokens earned immediately. 

thank you for the support! and for trusting our little guy clanker

here is the @clanker rewards spreadsheet used for this one time manual distribution: 

https://docs.google.com/spreadsheets/d/1t784_stpEHwSRT3MsP1Lr4IDJxQ2oxJj5jWgHYza2Lo/edit?usp=sharing

please note: pools earn fees on each swap, fees accumulate in perpetuity, fees must be claimed. many of you have large, unclaimed rewards we are working hard to make available ASAP

finally: after launch, fee share was adjusted. We keep our word, so we followed exactly what was stated at time of launch.

I know this is all complicated and imperfect, we weren't prepared for our experiment to be quite so successfully. We're hiring, and moving full steam ahead to grow Farcaster and Base

WETH half of tokens/weth claimed. Token's were claimed on Nov. 19th, and rewards have continued to accumulate. Focusing on  shipping user claims because the ops lift of manual claim/distribution isn't practical given the enormous growth & volume we've seen.

the USD value of fees is far too significant to handle this with a spreadsheet beyond this one time distro. 

base apes are getting after it

WETH half of tokens/weth claimed. Token's were claimed on Nov. 19th, and rewards have continued to accumulate. Focusing on  shipping user claims because the ops lift of manual claim/distribution isn't practical given the enormous growth & volume we've seen.

the USD value of fees is far too significant to handle this with a spreadsheet beyond this one time distro. 

base apes are getting after it

https://warpcast.com/proxystudio.eth/0x73af644b

https://warpcast.com/proxystudio.eth/0x642206d1

Word okay thanks brother so just being clear 50% of fees have been sent out rest still being worked on but pain in the ass?

yes basically. 50% is the wrong way to think of it though

fees = weth + tokens

we sent weth, tokens to follow

and if winnie keeps getting volume, winnie keeps eating good on fees

Haha all good I’m less concerned with amount and just trying to understand
How it works thanks

its kind of a mess because we launched thinking "hahah fun bot" and then 350m vol, 2.5k coins

we're catching up, will make very simple and easy very soon

just know we'll always get users paid