Varun Srinivasan on Warpcast

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Varun Srinivasan pfp

Varun Srinivasan

Warpcast is giving out $5 each day to the top 100 casters. Rewards are given based on the amount of engagement your casts get divided by the number of active followers you have. We'll run this experiment through the end of the year to see if it drives people to create more interesting content for Farcaster.

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Varun Srinivasan pfp

Varun Srinivasan

Engagement is not counted if it comes from low quality, spammy or unknown accounts. These classifications are determined through a combination of manual inputs and machine learning. You can read more it here: https://www.notion.so/warpcast/Public-Warpcast-Caster-Rewards-22ef8c4e782846dd88ea11195b1641a1

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Michael Pfister

The modal shows I got $84

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Michail / Opium Hum / Hyper Real

me, posting weird music only

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Chinmay 🎩☀️

Is it based on how well the cast is doing? or does it look for more information? For example, we are seeing 100+ engagement on the frame that we built, but the cast itself has 5-6 engagement.

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alixkun🎩🍡

I'm really looking forward to the moment when someone will come up with an idea that doesn't reward the top accounts of Farcaster. Literally 90% or more of all the ideas we've seen to redistribute value through Farcaster always end up going to the same 100 accounts. It's kinda disheartening to be honest...

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Icetoad 🎩 🍕 🎶 🐈 💚

But how are replies, recasts, quote recasts and likes weighted?

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jesse.base.eth 🔵

incredibly based

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Xen Baynham-Herd pfp

Xen Baynham-Herd

great experiment

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nicholas 🧨 pfp

Do USDC rewards go out at the same time each day?

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Garrett pfp

great experiment

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Erik pfp

this is awesome varun first time a social platform has done this onchain, and without advertising powering it impressive and looking forward to seeing where it goes ✊

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Darryl Yeo 🛠️ pfp

Darryl Yeo 🛠️

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nicholas 🧨 pfp

cool! i'd love to see actual rank and know how many active followers i have.

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McBain pfp

Thanks for the Coffee!

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Venkatesh Rao ☀️

Prediction: You’ll see a suppression effect outside of the 100. I’d monitor the next 100-400 too and the churn in the top 100. Predictions: 1. Consistently top 100 casters will have LinkedIn-like banality to them; a formula unconsciously adapted to the algorithm 2. People who win once will likely get worse in their casting in the next cycle or two whether or not the win against. 3. Top people who are aware of the experiment but don’t win will also worsen slightly due to perception of engagement farming incentives No free lunch theorem will eat this experiment

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I see a flaw in this innovation of yours; unless, of course, we’re only counting those accounts you’ve been shilling since the dawn of time until recently to new users. Who else has enough followers to even dream of making it into the daily top 100? 😄 Can you show me an example of those, if they even exist? 😹

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Icetoad 🎩 🍕 🎶 🐈 💚

Glad you are dividing it by followers. Smart way to even the playing field!

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Cool idea! Out of curiosity, where is the money coming from?

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ciefa 🐌 eth/acc

Love this, let's see where this goes.

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