fc-updates
Important updates about things happening in Farcaster
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New: USDC Lending on Farcaster! Earn 5% on USDC by lending on Morpho. Tap "USDC Lending" on your wallet page and deposit to start earning. You can withdraw at any time. Lending powered by Morpho x Steakhouse, the same teams that power Coinbase's lending. It carries risks, read the next post for details.
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Update: USDC Deposit Rewards are coming early! Today's rewards will be twice the amount, covering this week and next week's payouts. Happy holidays from the Farcaster team! We're also launching a new way to earn on USDC balances later today. Stayed tuned for the announcement.
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New: Buy/Sell Improvements We've improved the new buy flow based on your feedback: 1. You can tap the fee icon to see the price impact and token output. 2. If the impact is high, you'll get a big red warning on the buy screen.
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New: Farcaster Pulse, Watchlist & Fast Search We're making three big improvements: 1. Watchlist: Keep track of tokens by tapping the star icon, which automatically sets up price alerts and adds it to a watchlist page. 2. Pulse: A new page to keep track of your watchlist, trending tokens, breaking stories and top traders. This replaces the old search page. 3. Search: there's now a floating button that makes it easy to get to search with a single tap on every page. This change is rolling out later today. You may need to restart a few times to get it.
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New: Simple USDC Buys When you buy or sell a token, you just input the USD amount and hold to swap. No more complex swap uis where you have to select the input and output currencies every time. The default is selling into and out of USDC, but you can tap and use a different currency if you'd like. This is rolling out to all users today, please try it out and let us know if you run into any bugs.
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Buy USDC with Debit Card You can now buy up to $2,500 of USDC every week with your debit card. Go to Wallet -> Deposit -> Buy Crypto to get started. h/t to @pirosb3 for the great work on this!
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New: PnL Stats Find and follow the best traders on Farcaster easily! Token pages now let you see the biggest holders and how profitable their trades are. Tap into any holder and get a detailed breakdown of their trades and profits. Pnl also works for your own portfolio. You can get detailed stats on how much money you've made or lost over time on your positions. Only Base tokens are supported for now, Solana coming soon. Huge shoutout to @deodad @hamdi @gabrielayuso.eth @blockheim for their great work on this!
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New: Token pages load much faster @slokh and @bigolal made a lot of improvements here. tapping into a token should load the chart and page almost instantly now.
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FC Dev Call Update - The next dev call is tomorrow at 10am PT - Future calls will be on on the 1st Thursday of the month at 10am PT Why are we making this change? Dev calls used to be for getting feedback from developers and sharing our long term roadmap. Thanks to @linda and others on the team, we now have channels to get feedback directly from devs on a much faster cadence. Dev calls going forward will be focussed more on long term roadmap, and once a month is likely the right cadence for that.
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Update: Farcaster Rewards are changing Tomorrow will be the last day for current version of creator rewards. This experiment started a year ago and has paid out $1M+ to creators who casted on Farcaster. While this had some success, it's not aligned with our new direction. We will be launching a new experiment soon to replace the current program. A big thank you to everyone who has participated in the creator rewards program for the last year!
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New on Farcaster: πŸ•―οΈπŸ•―οΈπŸ•―οΈπŸ•―οΈ Price charts on Farcaster now support candlesticks with volumes! Tap the button on the bottom right of the graph to turn them on. Candles give you a sense of how much the price went up and down within a period. The volume bars at the bottom tell you how much trading volume happened within the same period. This gives you much more dimensionality when understand why a token price is changing and makes it easier to trade safely on Farcaster.
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New: Deposit with Debit Card Tap Deposit > Debit Card to add funds to your Warplet today. You may need to restart a few times to see this option. Please reply with any bugs you find, I'll send $5 for unique bug reports with helpful screenshots or videos.
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Clanker Update Today, we bought 914 $CLANKER for $121,463 using 2/3 of the clanker protocol fees. This brings our total ownership to 4,122 $CLANKER tokens. https://basescan.org/tx/0x6d302f895822cd3025a9217a2abd4ef9fd7a18a6089d45d88ef79da2c65e7543 https://basescan.org/tx/0xfcc53210d60f6ac9c7bdaa88da0e24ae0b373f9def9c1d2780b268bcd3f0a3fb
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Clanker Update We just bought ~$65,000 of $CLANKER using 2/3 of the protocol fees generated in the last day. The other 1/3 is being reserved as USDC for tax purposes. Transactions below. The buying process is manual and the schedule will be irregular to start. We will announce buys as soon as we've completed them, and will automate this within a few weeks. https://basescan.org/tx/0x76ccc74fe3e36f4ed7547b54c90dbf869c9812335234501fc36d86af77a868ae https://basescan.org/tx/0xf2967f31a34eb02580c378e6fa6fee066878d5054a83ff1462270ae1a32a924b
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A quick update on deposit bonuses: 1. We crossed our 2 week goal in less than 24 hours! 2. We're pausing new enrollment for bonuses at 3pm Pacific, Oct 14th. 3. If you deposited before 3pm Pacific, you're still eligible for rewards. Thank you all for trusting Farcaster with your funds. We hope to bring back a version of deposit bonuses soon. If you're new, we hope you’ll stick around and keeping swapping in our wallet and hanging out with our community!
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