phaver

Phaver introduces Social Staking, the first PvE SocialFi

Phaver has always focused on unlocking scalable creator and user rewards with SocialFi. With the $SOCIAL token launch in September, Phaver is ready to introduce a completely new model that offers the fun of daily speculation and supporting your favorite creators, combined with simple and sustainable staking pool mechanics.

Phaver’s new Social Staking model allows users to support creators and earn daily rewards by locking $SOCIAL tokens in a staking pool for at least 30 days. With dynamic yields that reward discovering new creators and a PvE structure, Phaver aims to create a sustainable SocialFi ecosystem where both users and creators benefit.

Read Article:
https://x.com/phaverapp/status/1852022239618842757

Check it out! 🦄💜 Who are you staking on?🫵

Can u explain what this system aims avhieve exactly? @poolboy

An extraterrestrial life form
https://app.phaver.com/1LGiZtTNo7HhTH727

Sure, the main aim is a new growth loop by moving away from points and Seasons and the too complex system with multipliers etc into direct creator staking. 1) Stake Social 2) Get chips to stake on any creators/users in the app 3) Get rewarded daily based on how they do (both in Phaves and how much staked on them) 4) Creator also gets rewarded.

Won't this stop regular accounts from posting? And won’t it just flood the feed with mirrors? How are you going to handle that?