<aside> ✨ This document contains detailed information about the Farther tipping program. For a more brief explanation, check out farther.social/tips

</aside>

Mission

The goal of the Farther tipping program is to reward high quality Farcasters and increase the visibility of Farther in the process.

General info

Start date: June 10, 2024

Duration: 180 days (extendable)

Supply: 100m FARTHER (extendable)

Eligibility: ≥ 100k balance, including liquidity positions

Daily supply

The default daily supply is partly determined by an exponential decay curve so that the tipping program distributes more tokens early. The goal of this is to maximize the USD value per tip when the token’s price is relatively low. Half the total supply is static (same amount each day), and the other half is distributed via the decay curve. In addition to the default supply, any unused supply from the day before is carried over each day into the shared pool for the current day.

Eligibility

To become eligible for an allowance, tippers must currently be holding 100,000 Farther tokens in a wallet they've verified on Warpcast. This threshold will adjust to include more holders over time, based on the token's current price. This ensures the allowance for each tipper remains valuable enough to make tipping worthwhile.

After a token holder starts receiving allowances, their daily allowance will never drop below the tip minimum as long as they remain within the top holder threshold. If inactivity results in their allowance dropping to the minimum, they can still recover their allowance by consistently spending all of it every day.

Tipper allocation calculation

Each tipper’s allowance relative to other tippers is based on two things:

  1. How widely they distributed their allowance the previous day. The distribution width is scored by the number of unique tip recipients that aren’t also receiving a Farther allowance. The purpose of this is to maximize attention and distribution among Farcasters who aren’t also large Farther holders.
  2. Farther balance (including uniswap liquidity). From 100k to 1m $farther, a logarithmic multiplier of up to 1.3x is applied after all other calculations.

Additional allocation details