Varun Srinivasan pfp
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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Stephan pfp
Stephan
@stephancill
I think this idea would be interesting if there was slashing and the slashed stake were used to reward clients that onboard high quality users i.e. create a market for onboarding authentic users It’s totally worth it for a an inauthentic farmer to pay a small amount (even more so if they get it back) for an advantage But the value prop for a potential authentic user who isn’t farming rewards is unclear and staking is something that is hard to explain to someone who isn’t familiar with crypto - more confusion
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