DeFi

airstack

here’s some Moxie stuff we’re working on pushing this coming week

Rewards for frames will factor in farscores vs being flat rate, and will allow for earning rewards for repeat usage vs just one time 

Releasing an API for apps to issue moxie passes on the fly to farcaster members if they don’t have one

Uniswap LP rewards 

Other DEX’s & LP rewards 

A new Moxie hackathon announcement 

3 new ways to earn Moxie Rewards (shared with fans) beyond casts and frames 

A bunch of other tricks up our sleeves

Farcaster builders really still running the defi summer playbook. 

I pray you all don’t make the same mistakes - liquidity mining is dumb. The data proves it. Please stop the mental illness - you don’t have to do it.

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

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Yeah - first movers in new concepts tend to be the only winners. 

I like the social mining idea but there’s definitely thought missing to the liquidity and functionality. At present, we simply have tokens for tokens sake. 

I’m curious to see if Fan Tokens can actually drive Moxie value.

Usually you‘re right, these LM/Social Mining token distributions are more expensive than growing the project „organically“ and attract certain opportunistic stakeholders, not the users you wish for.

It works though in regards to getting attention, temporary high mcaps & incentives for people to get engaged. (100 projects running it on Farcaster might help warpcast..)

Sometimes firstmovers even have worthwhile underlying ideas.

However, the projects running the same playbooks get worse and ultimately the only thing remaining is a shorter & shorter money game.

4200 $degen

there needs to be a finite ponzi. simple.

or we see a record in daily red candles (7 and counting)

totally agree! liquidity mining is so 2020, let's innovate not repeat the same old mistakes 🙏