Content pfp
Content
@
https://warpcast.com/~/channel/alfafrens
0 reply
0 recast
0 reaction
Vincent Chee (fun arc) pfp
Vincent Chee (fun arc)
@0xdavinchee.eth
gm! Want to deeply understand AlfaFrens mechanics in less than the time (6-8 mins) it takes to take a 💩? We also introduce Le Blue Elefant Strategy™️ Check it out: https://paragraph.xyz/@0x688390820b57cd65c1f76b5509ba28f79a343343/alfafrens-mechanics-101 tl;dr in 🧵 format below
31 replies
17 recasts
92 reactions
Vincent Chee (fun arc) pfp
Vincent Chee (fun arc)
@0xdavinchee.eth
AlfaFrens First Principles 2 tokens - $DEGEN: input for subs/output as cashback - $ALFA: output for subbing to channels 5 actions - sub: get channel access + accrue $ALFA - unsub: opposite of sub - stake: get portion of cashback - unstake: opposite of stake - claim: receive accrued $ALFA
1 reply
0 recast
5 reactions
Vincent Chee (fun arc) pfp
Vincent Chee (fun arc)
@0xdavinchee.eth
Global Level $ALFA Distribution "Global $ALFA rewards are a 1-to-1 relationship with the sum of all Channel inflow rates." This is fairly straightforward and so is the equation: Global $ALFA rewards = Sum of all Channel inflow rates e.g. if the sum of all sub flows is 420,690, then daily $ALFA emissions = 420,690
1 reply
0 recast
3 reactions
Vincent Chee (fun arc) pfp
Vincent Chee (fun arc)
@0xdavinchee.eth
Channel Level $ALFA Distribution "Channel $ALFA rewards are a function of three things: 1. Global $ALFA rewards 2. the Channels share of staked $ALFA vs. all Channels and 3. the Channels share of subscription flows vs. all Channels." A slightly less straightforward equation...
1 reply
0 recast
3 reactions
Vincent Chee (fun arc) pfp
Vincent Chee (fun arc)
@0xdavinchee.eth
Channel $ALFA rewards = (GR * 0.31 * CFRP) + (GR * 0.69 * CSP) WTF dis? Let’s break this down…
2 replies
0 recast
3 reactions
Vincent Chee (fun arc) pfp
Vincent Chee (fun arc)
@0xdavinchee.eth
Well GR = Global $ALFA rewards as deciphered above Channel Flow Rate Proportion (CFRP) = Channel inflow rate / Sum of all Channel inflow rates This is the sum of all users subs to the channel divided by the global flow rate What about "CSP"?
1 reply
0 recast
3 reactions
Vincent Chee (fun arc) pfp
Vincent Chee (fun arc)
@0xdavinchee.eth
Channel Stake Proportion (CSP) = Channel staked amount / Sum of all Channel stake amounts This is the sum of all users stake to the channel divided by the global staked amount
1 reply
0 recast
3 reactions
Vincent Chee (fun arc) pfp
Vincent Chee (fun arc)
@0xdavinchee.eth
Hopefully, that cleared some things up. If not, ask, I won’t bite, I promise ;) You should be feeling like this guy now if you've gotten this far. Let’s look at and break down the main equation again: Channel $ALFA rewards = (GR * 0.31 * CFRP) + (GR * 0.69 * CSP)
1 reply
0 recast
4 reactions
Vincent Chee (fun arc) pfp
Vincent Chee (fun arc)
@0xdavinchee.eth
Now that we know what GR, CFRP and CSP are, we can see that 31% of $ALFA allocated is determined by channel sub flow rate and 69% is determined by channel staked amount, act accordingly. But how is cashback distributed? - 70% cashback to channel stakers - 25% to the channel creator - 5% protocol fee
1 reply
0 recast
3 reactions
Vincent Chee (fun arc) pfp
Vincent Chee (fun arc)
@0xdavinchee.eth
User Level $ALFA Distribution "User $ALFA rewards are a function of the Channel $ALFA rewards divided by the number of subscribers." Simple AF, here’s the equation: User $ALFA rewards = Channel $ALFA rewards / Number of subscribers That’s it. But what about user cashback allocation?
1 reply
0 recast
2 reactions
Vincent Chee (fun arc) pfp
Vincent Chee (fun arc)
@0xdavinchee.eth
User Level Cashback "The amount of cashback a User receives is determined by their share of the staked amount vs. the total staked amount in the Channel." Here’s the equation: User cashback allocation = Channel cashback * (User staked amount / Channel staked amount) Also simple!
1 reply
0 recast
3 reactions
Vincent Chee (fun arc) pfp
Vincent Chee (fun arc)
@0xdavinchee.eth
Implications, Flywheels and Le Blue Elefant Strategy Well, you’ll have to click through if you’re curious: https://paragraph.xyz/@0x688390820b57cd65c1f76b5509ba28f79a343343/alfafrens-mechanics-101 ;)
2 replies
0 recast
3 reactions
Siman pfp
Siman
@siman
Hey - nice write up! This is also the way I understood cashback to work. However, my cashback rate is far lower than I've calculated it should be. Any idea if the stats are up to date on AlfaFrens? (channel subscribers, total staked etc.)
0 reply
0 recast
0 reaction