Farcaster Rewards
Last updated
Last updated
FARCASTER REWARDS FROM ENGAGEMENT
Since 29 July 2024 Farcaster users have been able to earn $moxie rewards with every engagement on their casts and frames.
100% of Rewards are automatically shared with Fans by buying and burning the earner's Creator Coin (there are no direct emissions: all rewards go to burn tokens, increasing the price.)
MOXIE is rewarded based on the Far Score of the person who engages, at the rates of
0.5x FarScore per like
1x FarScore per reply (max 5 on any one cast)
2x per recast/quote cast
Users have individual daily Engagement Allowances, which are dynamic based on the user's quality of engagement in the prior week, which factors in the diversity of their interactions and the quality of their interactions. Allowances are available via API and also This table shows the current week's allowances
FARSCORES
Every Farcaster Member earns a Far Score based on their influence in the Farcaster network. Far Scores are dynamic (constantly updating). You can check any user's Far Score using Airstack or various 3rd party frames and actions.
APIs for Everyday Rewards, FarScores, FarBoosts, and more can be found here. This screenshot shows the Far Score of a user.
MOXIE POWER!
MoxiePower enables users to boost their FarScores by locking Creator Coins for a minimum of 3 months (larger boosts will be available for locking for larger time periods).
There are no caps to boosts from MoxiePower.
LIQUIDITY BOOSTS
For every 100,000 Moxie added to the Liquidity Pool, you will add 1 point to your FarScore. Regardless of whether the LP token is then staked (Aerodrome only) or not, they'll be taken into account into the Farboost calculation.
The Liquidity Boost you'll earn will be define by the following formula:
where:
Mi: The amount of Moxie in liquidity pool ii
Oi: The amount of other token in the Moxie LP in liquidity pool ii
ri: The reserve ratio between Moxie and the other token in liquidity pool ii
REWARDS FOR FRAMES
Frames earn rewards based on the Far Scores of the users who interact with the Frame.
MOXIE is rewarded at the rate of Far Score x 5 for each unique FID who uses a coded frame. No code frames earn 2x Farscore.
Repeat usage earns at the same rate of Far Score x 5, once every 24h period
In order to be counted the frame must use Airstack's free frames validator, and:
Have an Airstack account with either a connected wallet which is also connected on Farcaster, or connected Farcaster account
Use a Production Airstack API key to validate your Frame
MOXIE EVERYWHERE: REWARDS FOR USING SPECIFIC APPS AND FRAMES (Examples)
Farhouse is an audio livestreaming app for Farcaster. Host and their Fans earn rewards for every qualifying event.
Streamm is a video livestreaming app for Farcaster. Host and their Fans earn rewards for every qualifying livestream.
Ponder enables Farcaster users to create polls and Q&A via Farcaster Frames. Casters and their Fans earn rewards for every qualifying user of the frames.
