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silly goose
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March 13th dev call summary: 1. CRYPTO UPDATES Wallet Primary Focus: Growing wallet usage and improving security Currently at ~60,000 funded wallets in the ecosystem Running experiments to encourage users to have wallet funded: convert Warps to USDC balance, and more incentives Goal: Enable all active Farcaster users to have funded wallets when interesting frames launch Warps Originally created when L2s were proliferating and cross-chain transfers were expensive Long-term plan (1-3 years) is to phase out Warps as cross-chain infrastructure improves Currently allowing users to cash out Warps to USDC Warps will continue to be used for in-app actions until on-chain payments become more seamless Security Audit scheduled for mobile wallet at month end Planning to launch a bug bounty program Regular security audits planned as wallet usage increases ...more in the thread 👇
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silly goose
@lovejoy
.... Frames Team shifting focus from wallet to frames Prioritizing improving developer experience Planning to unify triggers and merge v1/v2 frames functionality Author verification identified as a top developer frustration Airdrops Working with teams to reach users through targeted airdrops Focused on driving meaningful engagement rather than just distribution Goal is to connect project tokens with interested users who haven't yet engaged
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silly goose
@lovejoy
2. SOCIAL UPDATES Rewards Programs: - Caster Rewards Most mature program, working well Balanced to reward both new users and existing users with large audiences Added cap of 20 best casts per week to prevent gaming - Frame Developer Rewards New program, increasing from $1,000 to $2,000 per week Shifting to more heavily reward on-chain actions rather than just app opens Will drive frame discovery and promotion on platform - Invite Rewards Not working as well as hoped Challenges distinguishing between genuine invites and "invite farming" Not increasing rewards until algorithm improvements are made User Verifications: New system to quickly enable features for legitimate users Methods include connecting phone number, Twitter, and on-chain balances Two-tier verification system (Level 1 and Level 2) Will immediately unlock features like video for verified users Direct Message Search: Working on search functionality for DCs Will allow users to search through all their DM conversations
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silly goose
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3 PROTOCOL UPDATES Snapchain Read nodes have been stabilized Consensus bugs found/patched Mainnet launch targeted for next week Designed to be non-interruptive for users Primary Address Verification Technical issues with FIP implementation identified Creating Warpcast API for devs to identify user addresses Smart defaults will prioritize funded Warpcast wallets Users can override to specify preferred wallets Direct Messaging Protocol Working with Base and Zora on integration Security challenges with multi-client messaging Initial approach will be a whitelisted system with trusted partners Messages encrypted at rest, but client security remains a fundamental challenge Focus on achieving Telegram-like UX over Signal-like encryption Other Protocol Work Sign-Up Costs: Plan to reduce after Snapchain launch Spam Model: Significant improvements made Sign-in with FC: Working with Base on implementation Shifting away from delegate signer model for authentication Focusing on user-controlled keys for security
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