Purple

Purple’s goal is to proliferate and expand the Farcaster protocol and ecosystem.

splits

Here is an example of how we could use a /splits contract to reward a Revenue Chair at /purple

Setup a Waterfall to split the proceeds from the daily auction w the following tiers:
- Tier 1: The 3-month average auction price to treasury 
- Tier 2: 10% of the average to the Revenue Chair
- Tier 3: Remaining to treasury

Elevating onchain creators 

@nodefoundation @brightmoments 
@ampsfun

Doesn't seem like we can only compensate the chair for the *increase* in price with this setup?

So if the increase doesn't manifest we're at risk of giving 10% of the treasury over the epoch?

That doesn't sound like no downsides for /purple

No, maybe I wasn't clear enough. 

In this scenario, Purple would receive the first tranche of any daily auction, equal to 100% of the 3-month average price

If there are funds left over, the remaining ETH would be split between the Revenue Chair and the treasury 

Here is an example:

Looking at this, I would go so far as to encourage a 50/50 upside split

If we're going to run the experiment, we want to results to be conclusive 

The amount should be high enough for someone to earn a significant monthly ETH income if the job is done well

Ah pictures, man's communication layer since cave times. Appreciate the explanation. Would be a slick setup.