💥 Just shipped a huge new experiment to the way Larry works, would appreciate a recast so that we can inform users 💥

1. No more 3 ETH min, *Every Larry launches an ERC-20*, provided at least one round participant
2. No more 3 ETH max
3. Neynar scores > 0.7 can now participate. That's 26K users
4. We have improved the LP position setup, tokens should be less volatile early

Building Larry, FOSS via @frames, @framesfun /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

Here's why we did this.

1. No more 3 Eth min. 

We spoke to users and many with smaller followings couldn't raise rounds. They will go to another tool without this requirement and get sniped. We thought the 3 Eth min would filter for only quality tokens, and it does to some degree, but it mostly filters based on creator's distribution

3. Neynar > 0.7

We still want to protect against users using many wallets to bypass the 0.25 eth limit on the best tokens; having individual participants buy up too much of the supply changes the dynamic. But we don't want to exclude authentic users either, particularly ones active in the creator's community

4. We have improved the LP position setup, tokens should be less volatile early

Our LP positions were not ideal. Should be much better now.

2. No more 3 Eth max

This was temporary because we had some suboptimal liquidity logic. A 3 eth max rewards speed within the 69 mins, which is similar in some ways to snipers having an advantage with speed. It also launches great tokens at a fairly low market cap, meaning the remainder of the community would need to buy in at market, after snipers

they can do that after the token launches as well!

IMHO, it (3 ETH min) could be a great motivation for users with smaller followings to spend a few days creating a presentation or packaging their idea in a way that makes it more appealing from an investor's perspective.