Varun Srinivasan
@v
Should Farcaster add a "staking" verification system? Please reply! Users can get "verified" badge by staking $10 USDC in a contract. The stake can be reclaimed at any time, but will only release after a delay (maybe 4-8 weeks). Verified users will get the following benefits: - Badge on profile. - Access to video uploads. - Show up higher in conversations. - A small boost in the rewards program. The goal is to make it harder for spammers to verify so that good humans on Farcaster have a better experience!
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floar.eth ツ🎩🔵⚪️
@floar.eth
Feels like 10 $ with the only cost being the delayed withdrawal will not have any significant effect, while increasing complexity and friction. Cost could be increased by a slashing mechanism, but that would most likely require a higher stake.
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