429188
Farther✨

@farther #429188

Building farther.social Join us in /farther
7331 Follower 253 Following
As outlined in the announcement last week, the treasury allocations are now under the control of token holders via FartherDAO (see link below).

The founder/dev fund will remain available to anyone interested in taking over. Please send inquiries to @farther or @gigamesh.

https://basescan.org/token/0x8ad5b9007556749de59e088c88801a3aaa87134b?a=0xfc14c74d0c22d589ad2b0829e11dce2c82c28cfc
429188
Farther✨
@farther·20:54 25/08/2024
FartherDAO: The Next Chapter

- Tipping will pause indefinitely after the current cycle
- The treasury will be turned over to community control via FartherDAO

Please read the blog post for all details and post questions below:

https://paragraph.xyz/@farther/the-next-chapter

Farther (FARTHER) Token Tracker | BaseScan

Farther (FARTHER) Token Tracker on BaseScan shows the price of the Token $0.00, total supply 1,000,000,000, number of holders 9,306 and updated information of the token. The token tracker page also shows the analytics and historical data.

basescan.org
August claims are now live on Sablier. As mentioned earlier, they vest for 30 days. The stream must be initiated by you, which you can access by following the link from your profile page.
Big thank you to @betashop.eth and Moxie for this. ❤️
602
Jason Goldberg Ⓜ️ 💜
@betashop.eth·12:50 26/08/2024
gm

like many of you, the moxie team was sad to learn the news about @farther

to those who participated in farther tipping, we'd like to offer you more than just our sympathies

in a couple hours we'll conduct a special moxie fan token drop just for you; we're coding it right now

and then later this week we'll announce more benefits for artists and their fans

Ⓜ️ 💜 ✨
FartherDAO: The Next Chapter

- Tipping will pause indefinitely after the current cycle
- The treasury will be turned over to community control via FartherDAO

Please read the blog post for all details and post questions below:

https://paragraph.xyz/@farther/the-next-chapter
Currently consolidating the out-of-range positions in the Uniswap 0.03% pool so they're in range.

After that, I'm going to burn the LP tokens so liquidity is permanently locked. Will follow up by replying to this cast with transaction links. 🫡
I've temporarily disabled the restrictions.

New game plan coming soon.
429188
Farther✨
@farther·17:16 16/08/2024
It has become clear some tippers are engaging in short-term extractive behavior. So beginning within the next day, new restrictions will be enforced:

1. Tips to other tippers won't count toward your tipper score.
2. Within a 7 day rolling window...
- a max of 15% of allowance can be given to other tippers
- a max of 15% of allowance can be given to the same user

These changes will benefit honest tippers and hopefully drive more value to underrated users who haven't heard of Farther, which is ultimately the biggest thing that can grow this project over the long term.
The 15% weekly limit to tippers has been made more lenient. It previously was checking if the recipient had tipped during the month. Now it will only check if they currently have an allowance.

Please tip people *outside* of the tipping community. Farther has no chance of growing unless you do.
If Farcaster grows, we all benefit.

Farcaster won't grow if the majority of accounts are bots, spam creators, or people trading tips to farm tokens.

Farther aims to help change that culture, and hopefully create a mutually beneficial relationship with Farcaster as quality users increase.
The scoring system seems to be working!

Tippers who distribute widely to underrated users are rising in the ranks.

Side note: Next month, only tippers who continue to hold at least 100k until the end of the month will qualify for tipper rewards.
https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/be30cd3a-70a3-4ac5-fb82-5e7415941000/original
Server issues seem to be resolved.

If you didn't receive a reply from @fartherbot on any tips, they likely weren't registered. Some were coming through.

Given the reset just happened, we're going to continue this cycle as usual.

Apologies & thank you. 🙏
429188
Farther✨
@farther·15:35 18/08/2024
The Farther servers are experiencing problems. Working on a fix but I would wait to tip for the time being.
The Farther servers are experiencing problems. Working on a fix but I would wait to tip for the time being.
I know some of you are upset about frequent changes, but this is a very nascent system that requires fine tuning. That's much easier now that we have a few weeks of data.

The following fixes will be deployed later today which will significantly benefit authentic, consistent tippers over bots:

1. Significant reduction in variance between scores of tips to new vs established users.

2. Tipper score will now be the *sum* of tip scores (not the average)

3. The website will hide tipper scores in favor of tipper rank, since that is easier to understand. The scores will still be accessible via API.
429188
Farther✨
@farther·21:51 17/08/2024
I've noticed this and am working on a fix.

OpenRank engagement scores are very volatile for newer users compared to older users, and @ayushsinha.eth tipped a user with an extremely low engagement score.

I have a dampener in the scoring algorithm, but it clearly needs to be increased. Thank you for your understanding.
I've noticed this and am working on a fix.

OpenRank engagement scores are very volatile for newer users compared to older users, and @ayushsinha.eth tipped a user with an extremely low engagement score.

I have a dampener in the scoring algorithm, but it clearly needs to be increased. Thank you for your understanding.
https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/0ada36fc-e3db-4c5f-65b3-b170364eb600/original
The poll on gradual claim distribution over two months was rejected.

However, given it was a somewhat close vote, I think a fair compromise is to use a vesting period of one month. This will eliminate any advantage in people strategically selling right before claim day.
429188
Farther✨
@farther·17:35 14/08/2024
Gm Farther fam

Many of you asked how we can prevent selling leading up to the claim day. An option I strongly favor is Sablier Airstreams, which are airdrops that gradually vest over a specified time period. This would remove any benefit to front-running claim day.

I think a continuous linear vesting period of two months for all claims would be ideal, but I don't want to launch this without community support so I'm putting it to a vote.

I encourage you to consider the benefits:

- Smooths price action
- Improves narratives
- Provides time to build things that can make Farther more sustainable

Anyone with at least 100k $farther can vote below. 🙏

https://blog.sablier.com/introducing-airstreams/
For this week's Round, let's highlight the quality, underrated users you're giving tips to.

Write a cast that tags their account and explain why you think they're interesting. They must be from outside the community (no other $farther holders!).

25k will be distributed to my 5 favorites (5k each).
It has become clear some tippers are engaging in short-term extractive behavior. So beginning within the next day, new restrictions will be enforced:

1. Tips to other tippers won't count toward your tipper score.
2. Within a 7 day rolling window...
- a max of 15% of allowance can be given to other tippers
- a max of 15% of allowance can be given to the same user

These changes will benefit honest tippers and hopefully drive more value to underrated users who haven't heard of Farther, which is ultimately the biggest thing that can grow this project over the long term.
Congrats to the winners of the past week's Round!

@pichi
@pelingenc
@deftony
@trillobyte
@fuckcoolpussy.eth
429188
Farther✨
@farther·17:09 09/08/2024
Gm 🌞

Theme for this week's round.wtf rewards:

Write a cast that starts with: "In 2030, Farcaster will be..."

Tag @farther so I see it. I'll select the 5 entries which receive the most likes next thurs afternoon (PDT), 5k $farther each.

Good luck!

https://rounds.wtf/farther/farther-together--1
Don't forget to vote below if you haven't yet.

Strongly encourage you to vote yes. Lets build a culture of hodling over dumping.
429188
Farther✨
@farther·17:35 14/08/2024
Gm Farther fam

Many of you asked how we can prevent selling leading up to the claim day. An option I strongly favor is Sablier Airstreams, which are airdrops that gradually vest over a specified time period. This would remove any benefit to front-running claim day.

I think a continuous linear vesting period of two months for all claims would be ideal, but I don't want to launch this without community support so I'm putting it to a vote.

I encourage you to consider the benefits:

- Smooths price action
- Improves narratives
- Provides time to build things that can make Farther more sustainable

Anyone with at least 100k $farther can vote below. 🙏

https://blog.sablier.com/introducing-airstreams/
💯
3
Dan Romero
@dwr.eth·17:57 15/08/2024
One misconception I see about spam labeling: "I'm a real human. I'm not a bot."

Claiming "I'm not a bot" doesn't change the quality of your content. If you're farming replies and not being thoughtful, that's spam.

And saying "Oh, I was just hoping to make some money, I'll do better in the future" doesn't work. Because every spammer will say the same thing.

It's not hard to not be spammy. Just cast a little less, be a little more thoughtful.
I know many folks aren't feeling great about Farther at the moment, but I think we might just be getting started.

We're only 2 weeks into V2. We'll never achieve perfection but the system is showing signs of life. Recent adjustments have resulted in high-value tippers rising on the leaderboard and getting more daily allowance. Hopefully this creates a positive feedback loop of increasing quality between Farther and Farcaster. 🤝
Gm Farther fam

Many of you asked how we can prevent selling leading up to the claim day. An option I strongly favor is Sablier Airstreams, which are airdrops that gradually vest over a specified time period. This would remove any benefit to front-running claim day.

I think a continuous linear vesting period of two months for all claims would be ideal, but I don't want to launch this without community support so I'm putting it to a vote.

I encourage you to consider the benefits:

- Smooths price action
- Improves narratives
- Provides time to build things that can make Farther more sustainable

Anyone with at least 100k $farther can vote below. 🙏

https://blog.sablier.com/introducing-airstreams/
August tipper rewards pool has been increased to 5 million
https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/1e8b46c8-9910-4848-d4f8-59ddfe70a600/original
The leaderboard just got a makeover. Two new columns are used for the new allowance calculation:

- Following Rank (OpenRank)
- Breadth Ratio

Click the (❔) icon at the top of each for an explanation.
Good candidates for increasing your tipper score:

@charliedbecker
@wilburforce
@hoganthereformed

Found them all from a quick glance at fc.hot100.xyz
I just put $3,000 in the liquidity pool to add some stability.

I've put significant time and money into this project because I faith in it. It will require time & experimentation. I appreciate everyone who is here for the ride. 🫶
If you noticed strange data on your tip score page, it was likely caused by a small bug that was just fixed. 🫡
Allowances have been reset!

Holler if you have any questions about the new amounts. ✨
Still seeing confusion about how the tipper score works.

Each tip is like an investment or bet on the recipient's growth through the rest of the month. So that means tipping users who already have a lot of followers & engagement won't help your score. Tipping *underrated* users will. Each tip score is a measure of the change in the recipient's OpenRank engagement score from the time you made that specific tip.

Unfortunately, bots understand this. They tip each other and give each other engagement. But if honest, human tippers actively tip underrated human users, we can defeat the bots.

If you are still confused, please leave questions below!
Tippers distributing more broadly since the beginning of the month will receive a greater share of the allowance pool at the next reset.

An additional adjustment will be applied based on OpenRank following rank.

This will greatly benefit Farcaster OGs who have been tipping honestly. 🫶
429188
Farther✨
@farther·16:31 12/08/2024
Gm farther friends 🌞

We will soon bring back variable allowance size based on your tip breadth. If you've been repeatedly tipping a narrow set of users I strongly encourage tipping more widely.

This achieves two things:
- Maximizes visibility & distribution
- Mitigates tip trading/farming

The tradeoff is it incentivizes small tips. However, we now have tipper rewards which incentivizes bigger tips to underrated users. My hope is combining both will maximize distribution to underrated users.

I understand its annoying to be changing things frequently, but it's important we minimize extractive, short-term behavior.

More info coming soon. ✨
Gm farther friends 🌞

We will soon bring back variable allowance size based on your tip breadth. If you've been repeatedly tipping a narrow set of users I strongly encourage tipping more widely.

This achieves two things:
- Maximizes visibility & distribution
- Mitigates tip trading/farming

The tradeoff is it incentivizes small tips. However, we now have tipper rewards which incentivizes bigger tips to underrated users. My hope is combining both will maximize distribution to underrated users.

I understand its annoying to be changing things frequently, but it's important we minimize extractive, short-term behavior.

More info coming soon. ✨
I've set up a system for automatically detecting tip allowance farming. 17 accounts were just added to the banned list. 👮
https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/f0ebc817-e5e3-4446-dee5-4899c251d600/original
Farther fam -

The goal with V2 & tipper rewards is to make tips useful for Farcaster, so Farther is adding value to the network. Adding value means drawing attention to and rewarding users most likely to become influential on Farcaster in the future, which hopefully creates a positive flywheel. 🎡📈

We all want to believe our judgement of quality content is better than others. But Farther is attempting to be neutral, which is why we're using OpenRank and nudging everyone to listen to the wisdom of the crowd rather than their own instincts.

Thank you to everyone who supports this vision. ❤
Case study in how to increase your tipper score:

@ehcarpenter is at the top of the leaderboard. This is primarily because he has given several large tips to @thecurioushermit, who has a relatively low number of followers but is followed by several OG accounts and casts original content frequently. This has resulted in their OpenRank score increasing significantly lately.

When you tip users the network starts valuing, your tipper score will increase. It's that simple. ✨

https://warpcast.com/~/conversations/0x45669dfd691b0fe79fd1e884f0895008229a849e
19783
Edward H. Carpenter
@ehcarpenter·04:44 07/08/2024
There are a couple of projects I know of that might be of interest... t2.world is one worth being involved with - they run a couple of writing cooperatitions, next one is in November... short stories and serials can work well there.

Twigg.xyz is focused on building very much the kind of platform you described; they're currently in a funding round, but are worth watching/getting into early.

3275 $farther for raising a topic near and dear to my heart!
Gm 🌞

Theme for this week's round.wtf rewards:

Write a cast that starts with: "In 2030, Farcaster will be..."

Tag @farther so I see it. I'll select the 5 entries which receive the most likes next thurs afternoon (PDT), 5k $farther each.

Good luck!

https://rounds.wtf/farther/farther-together--1
Congrats to everyone who earned rewards from last week's round!

It runs weekly, so keep the good casts coming.

Here is this week's page:

https://rounds.wtf/farther/farther-together--1
About Warpcast retiring the power badge:

1. We're going to reallocate the remaining tokens reserved for power badge airdrops to the tipping program. Power badge recipients are mostly disinterested, so it's much more beneficial to retire this program and use its tokens to reward actively invested Farther community members.

2. Pending rewards for evangelists who made their first $farther tweet over 3 months ago and still don't have a power badge will start being invalidated today. Note: the original deadline was 2 months but was extended out of generosity. ❤️

3. A plan for replacing the power badge as a requirement for liquidity provider bonus rewards will be forthcoming. The PB is still available via Neynar's API, so this isn't extremely time critical.
The Farther community has made over 250k tips in the two months since tipping launched. 🤯
Starting tomorrow, only users who have an OpenRank following rank below 100k will be eligible for a tip allowance.

You can check your rank here:

https://genyleap.xyz/farcaster/openrank/frame

This will result in about ~40 current tippers losing eligibility (~8%).

Generally speaking, the lower this rank, the more likely the account is controlled by a person aligned with Farcaster's long-term vision. So this requirement should help maintain high quality and reward genuine community members.
429188
Farther✨
@farther·16:28 07/08/2024
It's becoming clear we need a higher bar for tipper eligibility. Too many tippers are bots or very low-quality users.

I'm doing some research to determine the best way to address this, but requiring every tipper meet an OpenRank threshold is the likely the most straightforward solution. Feedback welcome.
It's becoming clear we need a higher bar for tipper eligibility. Too many tippers are bots or very low-quality users.

I'm doing some research to determine the best way to address this, but requiring every tipper meet an OpenRank threshold is the likely the most straightforward solution. Feedback welcome.
We're going to make a small tweak to the tipper score/rewards eligibility to benefit veteran tippers:

Before becoming eligible and appearing on the leaderboard, you'll need to have tipped on at least 5 days during the current month.

This will only impact tippers who haven't met that requirement within 5 days after the change goes live.
Reminder:

Tipping underrated users is how to increase your tipper score.

What that means in practice: If you only tip users who have less than 1000 followers and those users are posting interesting content or have an existing audience outside of Farcaster, it is extremely likely your tipper score will increase.
The Farther tip bot is live!: @fartherbot

Let me know if you notice any bugs.
Given market conditions and to help with sustainability, base total allowance will decrease by 30% at the next reset.

Reminder: If you're trying to maximize your tipper score & rewards, less allowance is not detrimental. ✨
Gm ☕

Some have pointed out that in Farther V2, the number of times you tip has little bearing on your tipper score.

That's correct. This is beneficial, because it:
1. promotes high-value tips & engagement
2. constrains total distribution (more sustainability)
3. which hopefully makes $farther a premium token
Add a "Potential Rewards" column to the leaderboard.

This is your pending portion of the tipper rewards pool based on your current tipper score.
https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/c0b41920-433e-45fb-30d7-774f5df73a00/original
I'm seeing some confusion about the tipper score.

Hoping I can help clarify... 🧵
Tipper scores have been corrected. 🫡

Advice for increasing your score:

✨ Tip new accounts that are likely to be followed by OG farcasters
✨ Watch @hot100 to see who is trending
✨ Continue to engage with who you tipped (it's unclear how big of an impact this can have, but it can't hurt).

https://farther.social/tips/leaderboard
Mea culpa...

There is a bug in the tipper score algo. Fortunately the openrank data & tip scores are correct, making it a very simple fix. But tipper scores & the leaderboard need to be corrected.

I'll post again when the fix is live (next ~24 hours).

Deepest apologies! 🙏
I've decided to personally curate the main feed in /farther for awhile.

If you're confident your cast is a banger, feel free to @ me. 🫶✨