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TORMENTIAL 🎩 pfp
TORMENTIAL 🎩
@tormential
As a courtesy to My new subscribers and the community at large, I’m providing the current version of My onboarding intro and overview to @alfafrens. On My channel, I provide optimal staking recommendations twice a day and am helping people get started with /alfafrens. NFA DYOR YMMV Beginner’s Guide ⬇️
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TORMENTIAL 🎩 pfp
TORMENTIAL 🎩
@tormential
To start, AlfaFrens recommends you start with a deposit of 2,000 DEGEN. If you don’t have that, you might not want to try AlfaFrens yet. You could probably start with 1,000, but you need to be careful you don’t burn through that and hit the dreaded $DEGEN 0. More on that below. MORE ⬇️
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@tormential
The most important thing to understand is how @superfluid, the technology that powers AlfaFrens, works. It is real-time crypto steaming. You do not pay or get paid monthly for anything. All of your incoming and outgoing DEGEN is continuously pro-rated by the fractional second. Watch your balance. MORE ⬇️
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@tormential
3 major parts to AlfaFrens: (1) Your channel. You get 30% of subscription revenue. 70% to your stakers. (2) Channels you subscribe to. These cost you DEGEN. 3 price points: 500 or 1,000 or 1,500. Subscribed channels earn you $alfa, which you use for staking. (3) Channels you stake. These make you DEGEN. MORE ⬇️
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@tormential
(1) YOUR CHANNEL Make a channel. Pick subscription fee. 500 or 1,000 or 1,500 DEGEN a month. I say 500 to make it most affordable, but choose what you want. Understand that you are only guaranteed 30% of your subscription revenue. Remaining 70% gets divided among your stakers. MORE ⬇️
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TORMENTIAL 🎩 pfp
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@tormential
(2) SUBSCRIBING Subscribe to channels and get paid every second in $alfa, which you use to stake channels to earn DEGEN. Note: Once you’re earning $alfa, you’ll see daily amount. It’s just a metric. Some think $alfa stops if you don’t claim in 24 hours. I tested. Did not stop. Confirmed w/devs. MORE ⬇️
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@tormential
(3) STAKING You can claim $alfa anytime to immediately stake. But mind the gas fees! Gas fees will chew through your balance quicker than anything. Note: You do not have to subscribe to a channel in order to stake it. I typically stake twice a day. MORE ⬇️
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@tormential
Staking $alfa on a channel earns you DEGEN. This is where what I’m doing for My subscribers has value. I stake twice a day and look for best numbers. The leaderboards are not terribly accurate (not sure why; My guess is lag from how often they’re generated). MORE ⬇️
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TORMENTIAL 🎩 pfp
TORMENTIAL 🎩
@tormential
Note: For the time being, NEVER UNSTAKE. Unstaking is supposed to lock the $alfa you unstaked for 24 hours, but right now it locks your entire ability to stake for 24 hours. So don’t unstake until this is fixed. MORE ⬇️
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@tormential
Conventional wisdom is that your best first stake is @wake (top of the leaderboard; 1,500/month subscription + tons of stakers gets you consistent $alfa). LINGO Over the last week, I’ve developed a metric for assessing staking potential and three special terms for the @superfluid @alfafrens world… MORE ⬇️
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@tormential
I’ve developed a simple metric I call DpA ($DEGEN per $ALFA) which gives you a score to compare one channel to another. I’ve taught My subscribers how to calculate it and we’re using it to evaluate channels for staking. MORE LINGO ⬇️ https://warpcast.com/tormential/0x93d4533c
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@dopemandave.eth
So I have been looking at another metric which is Alfa earned per degen spent per day. ApDpD . Currently this sits around 0.27 for me
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@tormential
Fascinating. How does that metric help you? That’s not a channel stat, right? If so, what do you do with it?
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@dopemandave.eth
I use it to see how the numbers stack up if I was to subscribe to way more channels. Since it’s my daily estimated Alfa earning divided by my daily degen cost(subs plus gas). I posted this in your channel chat on Alfafrens. I may be way off the mark tho. :)
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@tormential
I’ll think on it. An angle I hadn’t considered yet.
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