Agree with @toly

~$5-10 airdrops don’t incentivize people who want to use apps with a utility token, they incentivize farmers who dilute the quality of discourse in the network

The degradation to content quality is not worth the DAU bump imo (empty calories)

First Solana token airdrop to @farcaster_xyz users (using zk compression!). We've got 4 more Solana token airdrops lined up totaling $80k. DM me if you're interested in running an airdrop

While it’s awesome to see solana infra used, I think airdrops for growth model isn’t what socialFI should be. You end up with a bunch of airdrop farmers at best, and bots on average.  

Imho, figure out a way to surface DAO asset management into groups and social and charge bips

toly 🇺🇸

Agree with @toly

~$5-10 airdrops don’t incentivize people who want to use apps with a utility token, they incentivize farmers who dilute the quality of discourse in the network

The degradation to content quality is not worth the DAU bump imo (empty calories)

https://x.com/aeyakovenko/status/1928829488043098226?s=46

friendly neighborhood shitcaster // working on @pinetree

Honestly don’t really buy toly’s premise.  That you end up with farmers/low quality users depends completely on the way you target.

Also - building for DAO treasuries sounds nice, but DAOs rarely have the ability or willingness to pay, and I think 0% of people who are willing to start an onchain treasury will accept bips on AUM.  Bips on yield like Splits does is way more acceptable.

Solana sure would benefit from more DAO tooling but I don’t think it’s the way forward for FC right now.

Startup artist seeking inspiration.  Champion of /bcard

Yeah I also did not agree with the solution (DAOs are kind of a dead meta tbh) 

But I agreed with the problem. How does targeting improve the fundamental problem of a bad market?

They went through all the trouble to get these people here.  They have to test it.

If what the app offers becomes a top-of-mind problem for the targets, it could work.

Also CAC going to user instead of platform is actually pretty sick.

That’s the key question then — do those non-natives care / get energized by these tokens?

My gut says no

I don’t think anything can « solve » a bad market.

And FC has more than just crypto natives on it.  It also has artists, journalists, newbies, etc.  If your airdrop activates one of those people, that’s a huge potential benefit.