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We are Nearchos

We are embarking on a journey to demonstrate to the entire ecosystem why we believe that people are the center of web3, not protocols! In a tech-heavy industry it is easy to get distracted by the tech and forget that it solely exists to serve people. We will never see mass adoption, however, if the tech and tools are not built to serve the actual needs of the people intended to use them.

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We Are Nearchos!

Nearchos

Nearchos Daily 25/07/18

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Learning of how to use Farcaster 😁 but really. I've spent a day getting my feed better. More what I need and less noise. Not sure if that was successful - we'll see today I guess 😅

And yet they wonder why they can't get users. 

Build for users, not for ideas.

you wouldn't plan the wedding before going on the first date

and yet there's such a strong pull for first time builders to labour for weeks/months on a product before talking to even one potential user

This!!!

This is what Nearchos is about! This is our core of existence. People have to be the center of web3 - not apps.

Focus on people and you won't have to think of how to get users later...

This!!!

This is what Nearchos is about! This is our core of existence. People have to be the center of web3 - not apps.

Focus on people and you won't have to think of how to get users later...

https://farcaster.xyz/nt/0x0f442b01

Found one more attempt on secure cross-chain communications.

CrossDeFi: A modular take on cross-chain DeFi inefficiencies 🔁

Academic proposal by Abdul et al. (2024) introduces CrossDeFi, a protocol designed to improve asset transfers across heterogeneous DeFi systems.

Key components:

⚒️ Miner & Bridge Selection (MBS) – dynamically scores and selects the best route per asset type (based on liquidity, trust, security, etc.).

🔐 Improved Transfer Confirmation (ITC) – introduces two-way confirmation with cryptographic proofs to ensure finality and prevent double-spending.

Noteworthy:

- Real-time scoring of bridges is a shift from most static solutions.

- Attempts to address Sybil resistance, liveness, and bridge centralization.

- Evaluation vs Cosmos and Polkadot showed ⏱️ ~30% faster transfers and ✔️ 96–99.6% accuracy.

Still early:

🧠 Trust assumptions behind MBS aren’t fully unpacked.

🧪 Testbed results are promising but need validation under real-world MEV, spam, and volume stress.

🤝 Bridge composability remains an open challenge — how adaptable is it to non-EVM chains?

Overall, this isn’t a ready-to-use protocol—but it is a relevant academic blueprint for programmable, secure cross-chain coordination in DeFi.

📖 Source:

Found one more attempt on secure cross-chain communications.

CrossDeFi: A modular take on cross-chain DeFi inefficiencies 🔁

Academic proposal by Abdul et al. (2024) introduces CrossDeFi, a protocol designed to improve asset transfers across heterogeneous DeFi systems.

Key components:

⚒️ Miner & Bridge Selection (MBS) – dynamically scores and selects the best route per asset type (based on liquidity, trust, security, etc.).

🔐 Improved Transfer Confirmation (ITC) – introduces two-way confirmation with cryptographic proofs to ensure finality and prevent double-spending.

Noteworthy:

- Real-time scoring of bridges is a shift from most static solutions.

- Attempts to address Sybil resistance, liveness, and bridge centralization.

- Evaluation vs Cosmos and Polkadot showed ⏱️ ~30% faster transfers and ✔️ 96–99.6% accuracy.

Still early:

🧠 Trust assumptions behind MBS aren’t fully unpacked.

🧪 Testbed results are promising but need validation under real-world MEV, spam, and volume stress.

🤝 Bridge composability remains an open challenge — how adaptable is it to non-EVM chains?

Overall, this isn’t a ready-to-use protocol—but it is a relevant academic blueprint for programmable, secure cross-chain coordination in DeFi.

📖 Source: https://doi.org/10.3390/fi16090314

Impact

Great conversation today on the value capture problem space!

some of the topics we covered today: 

- why money is important in the context of public goods (why can't the reward be something else)

- if public goods are non-excludable how can we "close the loop" so that contributors are compensated for their work

- how do we create a sustainable way to fund public goods (effective feedback loops vs "cookie sales")

- how "value capture" and "public goods" are confusing terms for most people and maybe we need new ways of framing the issues we're trying to solve

and much more..

listen to the full discussion here:
https://x.com/i/spaces/1OwxWXLkRYVKQ

thank you for all who came to listen, to those who joined us on stage, and a huge shout-out to @trigs for hosting the space so masterfully!

if you'd like to join in the Public Goods Value Capture Initiative please DC me

Nearchos Daily 25/07/15

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We had out Tuesday call as usual. I love those calls, but I probably already told that... It's just something that keeps me grounded to what has to be done.

Slack is turning on global model training on your data on Thursday.

You can opt out, of course! But it'll require sending an email with no SLO on when it'll be honored

Nearchos Daily 25/07/14

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Monday was as usual. Preparing for the week, doing all the operational work. Nothing exciting, but everything that keeps us moving forward!

First Draft Club

The Algo’s Just Not That Into You

Something weird is happening on Farcaster, and it’s time we talk about it openly. This isn’t just “home feed doing home feed things.” It’s much deeper and more concerning. 

Some casts are skyrocketing with 10k+ views from accounts that have 1k followers. Meanwhile, longtime casters with 100k+ followers are seeing reach crater by 50%. The math doesn’t add up…unless something’s being boosted.

We’re watching artificial amplification play out in real time and this experiment needs to end now before more trust is lost. 

The algorithm cares more about engagement quality than raw follower numbers. There are several Dune queries who show the most popular casters by the numbers, but they do NOT align with the Farcaster Leaderboard. We know that not everyone’s engagement is weighted equally, and most of us have come to begrudgingly accept this fact. 

The home and trending feed have always favored certain accounts, and as little as two engagements with those accounts can amplify a cast to trending.  We see it and have come to terms with it. 

But recently, we’ve seen a new trend emerge: artificial algorithmic boosting…to levels never before seen on Farcaster…and we need to stop dancing around the subject and talk about it. 

A user with 1,000 followers might have a highly active niche audience, while someone with 250,000 might have a large but disengaged base…but we have Dune queries to show us how “active” each account’s followers have been over the last 7 and 30 days. 

Very large accounts (6-figure followings) tend to have about 50% of their followers be considered “active” under this metric (active=have casted, liked, or recasted).

Newer accounts skew higher because many are only a few weeks old, so most of their followers are obviously active. 

If the algorithm is boosting based on more active followers, it could explain the great discrepancies we are seeing in reach, so we need to look deeper. 

A new tool has emerged that lets us look into the number of unique accounts that interacted with a user's content in the last 30 days, and the data is very telling. This data counts everyone on the protocol, not just those with good spam labels. 

If you think your engagement has gone down a lot over the past few weeks, you aren’t imagining it. Usually, if 2-3% of your followers interact with your casts, you are doing great.  But what if most of the people who follow you never even see your casts in the latest version of the algorithm? Spoiler alert: they don’t. 

Let’s compare some of the biggest, most established accounts on the network to newer accounts who I believe are being artificially amplified. 

These accounts all have well over 100,000 followers each (even more on the protocol!), cast daily, and consistently engage back with the network. Their content and casting patterns have not changed noticeably over the last 30 days. 

The number of unique accounts they have reached in the last 30 days and how much their engagement is down is as follows:

15,400 (down 67%)
7,500 (down 49%)
1,500 (down 29%)
2,700 (down 36%)
6,500 (down 55%)
4,200 (down 54%)

Now let’s compare this to one of the new accounts that I believe are being purposely placed into many users’ home feeds (note that these accounts have 1,000-3,000 followers). 

10,500

The number of views on many of their casts are also between 10,000 and 18,000 views. Remember, the data above shows interactions, but even more people have seen these casts!

A user with 1,000 followers getting seen by 10,000+ people requires external amplification.

That reach doesn’t emerge organically. The algorithm chose to show them beyond their organic social graph. 

Observing a few examples of weird reach/follower ratios doesn’t necessarily prove systemic bias.  Visibility is complex and can swing based on timing, interaction graphs, and reposts by top casters, but the math doesn’t add up without boosting.

The people getting boosted didn’t necessarily ask to be. Now they’re targets of backlash; they are victims as well. 

Meanwhile, those who have not had this type of algorithmic boost feel invisible and demoralized, even if they’ve consistently added value to the community.

It’s creating a toxic imbalance that erodes trust across the board. We can politely say “vibes are off” and tell people to just mute what they don’t want to see, but that’s not going to solve the issue at hand. This is deeper than engagement FOMO.
We are watching something we’ve invested time into start to resemble the very platforms we came here to escape.

The algorithm may be silent, but its choices are loud. If it is hand picking winners, the rest of us should stop pretending we’re playing the same game. Invest your time here accordingly.

Black boxes breed these kinds of problems.

Open algorithms don't work cuz they get gamed.

But how to run an open protocol based on an algorithmic feed?

Problems that don't have great solutions. But watchdogging is definitely the way to deal with it in the current state.

Whatever you do, you do for your real life self. Don't neglect it.

Hey, Nearchos fam!

How's your weekend? 
I hope things are going well! 👊

Nearchos Daily 25/07/11

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Incredibly intense week ended with the fireworks. A lot of interesting new perspectives and ideas about further evolution of Nearchos. All in all, heading to the weekend to chill and relax. Fun days ahead 😁

Nearchos Daily 25/07/10

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Oh it was such a productive day!
It was dedicated to automations... I guess that's my new passion. Automations for everything! 😁

Farcaster

YES! We are starting a movement with mode! 

WHO IS JOINING OUR 9999 DAYS STREAK CHALLENGE and then party!?

Recast with the channel you will streak-in and let's start! 
LOVE IT! (OG amplification welcome - maybe @ted @bfg ?)

What once looked like a fun game, already went quite a way!

Nearchos Daily 25/07/09

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It was a very intense day. Hopefully it's just the beginning of something better! 👀