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wake
@wake.eth
PSA: For a tipping allowance, you need to have at least 10000 $DEGEN in your Farcaster connected wallet (on Base). > If that balance drops below 10000 $DEGEN for any reason, your sent tips will be invalidated. > You must keep the 10000 $DEGEN balance until that claim cycle's snapshot. It's a big responsibility 🎩
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Sam
@samhorine
Keep those keys safe friends - if you get drained, all your tips get drained too
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wake
@wake.eth
The tips you sent OTHERS is what's invalidated. Not what you've received. That only requires a connected wallet.
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Sam
@samhorine
Sorry if that was confusing, was thinking about one of my friends who got hacked and lost his funds this week and how not only did he lose all his DEGEN but everyone he had tipped this month had lost those received tips too. What would happen if he bought a new 10k stack - those first tips are gone forever yeah?
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wake
@wake.eth
Yep, still gone. Need to hold it for the duration, I'm afraid.
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Sam
@samhorine
Yeah that’s what I thought - extra vigilant always
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wake
@wake.eth
It's an imperfect fit: the allowance is required to limit bot overrun. But that puts even more onus on the human participant and their wallet hygiene. For high risk users, I recommend the usual wallet segmentation, as well as a special purpose wallet for Warpcast (and 10k tokens).
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Sam
@samhorine
Yeah I’m (knock on wood) pretty tame when it comes to wallet degeneracy & I def spread it around. I think problem brewing is: more spaces on FC are token gated & as those tokens go up in value, you end up keeping more than you’d like in one place. Maybe solution is to use custodial FC wallet? Is that ever exposed?
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wake
@wake.eth
Oh gosh no. I'm not going to touch my precious FC custody wallet. Nah, just carve out a Farcaster wallet or two, throw your allowance/ gate/ necessary tokens into one and leave it alone. Follow normal practices with the other(s). That said, social fi is creating new, unknowable threat vectors. Judgement day cometh.
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