deodad
7mo
⌨💸 we increased the Developer Rewards weekly payout from $3 to $5k!
algo also got a tweak with a focus on daily and transacting users and a boost for higher signal users (e.g. Farcaster Pro) that interact with your mini app instead of strictly how many interactions or transactions
Are you tracking off chain interactions too or just onchain transactions? I know the overall North Star is transactions, but I’ve got a miniapp that people seem to like but the main use case is not crypto (will be adding more crypto stuff in the future but only when it adds value to users, don’t want to add it just to add)
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gotcha, thx!
have you seen the one I built yet? miniapp.gmfarcaster.com
Its main purpose is for watching our live stream (when we are live) or the most recent recorded episode (when we aren't). Open to all feedback and critique and suggestions for how to improve it!
Any official plans on 7702 with the farcaster app wallet
I know technically we could let users do that now but it wouldn't necessarily align with plans you might have
Getting nixxed from the leaderboard makes it damn tempting to just do it though
We do 1000s of TX per day with embedded wallets rn
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how often do users do a txn with the farcaster wallet? one of the changes is to not look at raw tx volume since approval / embedded don’t show up there and they are hard to value anyway and instead a simpler “are users at least doing some transactions”
re 7702 are you thinking of a session key or something else?
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Right now they don't have to do much once they have funds in the app but there are plenty of value bearing txs after that (using embedded at this point in the flow)
We use embedded 4337 wallets to batch everything so it's not a million clicks
If we can do that with farcasters wallet we would + probably use session keys here
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Sure np, it's probably for a good reason they are no longer in if other apps score better with the new algo. But I did notice an app (in top 10) in the rewards leaderboard is not in top 100 trending. Thought that was a bit odd
The apps:
Tipopolis.hamst.art
And
Airdrop.ham.cooking
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FWIW I hope you are looking at esoteric activity too.
Not to be too dramatic, but we had a really sour experience with Optimism's retroactive grants fundamentally mis-allocating rewards due to how they were calculating things.
Here are some examples:
1. If you count number of transactions, then miniapps like Streme.fun where all staking operations can be batched will be at a disadvantage
2. If you only count user-driven operations, but not rewards paid out, then apps like PromoLeague by DegenFans or our own Yoink app would be at a disadvantage, since they are streaming rewards back to everyone (but users themselves don't make transactions AFAIK)
3. If you only look at token transfers, you'll miss all the token rewards being streamed every block by Superfluid powered apps (for example all the tokens on streme.fun, promoleague, astroblock, Sup? frame)
I don't envy you, but hope you don't cut too many corners. Perceived fairness is important!
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all good points and agree
this is one of the reasons we simplified things so that the two biggest drivers are:
- how many unique users are using the app daily
- are those users transacting?
note for the second one it's not about how many txs they do since this is hard to capture fairly for the reasons you outlined, so long as you have users and they occasionally do things in our wallet you'll score well
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