Varun Srinivasan pfp
Varun Srinivasan
@v
What's something about Farcaster that you want to understand better? Might try to write something or record a few videos soon.
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Michael Pfister pfp
Michael Pfister
@pfista
What happens to the protocol revenue
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Varun Srinivasan pfp
Varun Srinivasan
@v
The goal is to spend it in a way that helps the protocol grow. Practically, the cost of setting up a foundation doing the legal work etc, will cost a few hundred thousand dollars. So it doens't make sense to do it when the treasury is just ~ $1M. We're going to revisit this when closer to $5-10M.
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Varun Srinivasan pfp
Varun Srinivasan
@v
We're not yet sure exactly what will be most high leverage, but likely some form of retroactive grants for helping grow qDAU.
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