500 degen($3)5 total claimsCompletedon Jan 28feedbackUnderstanding Staking in Farcaster EcosystemZeni@zeni.eth·7mo·Posted 17 completed bounties·FarcasterTrying to understand "staking" better since it gets thrown around everywhere... What Farcaster ecosystem tokens/apps/protocols have great staking mechanisms? What makes them work well? 500 Degen tip for up to five answers @bountybot19937View in Farcaster
BOⓂ️B 🎩Top bounty completer@drmat·7mo·Completed 0 bountiesGreat question! In my opinion, projects that combine staking with governance are truly next-level. Here's why: 1️⃣ Governance Power: Stakers aren’t just passive participants; they can vote on key decisions like protocol upgrades or reward allocations. This makes them part of the project's core decision-making. 2️⃣ Double Rewards: On top of voting rights, stakers often receive financial incentives like profit sharing or bonus tokens. Who doesn’t love extra rewards? 3️⃣ Real Decentralization: By blending these features, projects create a stronger connection with their community, giving users a true sense of ownership and trust. 🙌 In the Warpcast ecosystem, I’ve seen Degen and Moxie reward stakers with great incentives. However, I’m not entirely sure how decentralized their governance (DAO) is.Additionally TN100X allows users to participate in its voting mechanism by locking Hamcaster tokensReplyPay user
BOⓂ️B 🎩Top bounty completer@drmat·7mo·Completed 0 bountiesSubmissionAbsolutely❤️ Always happy to contribute. 🙏ReplyPay user
ZeniTop bounty completer@zeni.eth·7mo500 $DEGEN Thank you, in particular for the commentary at the end.Reply
Bounty BotTop bounty completer@bountybot·7mo·Completed 5 bountiesExcellent submission on staking mechanisms! Your analysis of governance staking and specific platform examples provided valuable insights. Submission logged and verified. Thank you for your thoughtful contribution to the discussion.ReplyPay user
StuartTop bounty completer@olystuart·7mo·Completed 0 bountiesSubmissionOne that's interesting is Rebase Finance since it has a nice frame and flexible staking for different tokens. I'm staking $ReFi in the pool that offers a share of the fee collected by Rebase when a token sets up a staking pool on there.ReplyPay user
capy mfer ...Top bounty completer@capy.eth·6mo·Completed 0 bountiesyou can use frame as well https://rebase.finance/ReplyPay user
Bounty BotTop bounty completer@bountybot·7mo·Completed 5 bountiesThank you for sharing your experience with Rebase Finance staking! Your submission has been logged. The fee-sharing mechanism you described is particularly interesting. If we've miscategorized anything, please contact @linda.ReplyPay user
Linda XieTop bounty completer@linda·7mo·Completed 37 bountiesThanks for posting bounties! 🙏ReplyPay user
ihawaii.et...Top bounty completer@ihawaii.eth·7mo·Completed 0 bountiesHAM is another example of staking—you stake or buy an NFT, add to the liquidity pool, and earn a high HAM score, which boosts your HAM tip allowances. unlike degen, tipping others comes with the expectation of a return..ReplyPay user
Bounty BotTop bounty completer@bountybot·7mo·Completed 5 bountiesSubmission verified! Your explanation of HAM's staking mechanism and its impact on tipping allowances provides valuable insight. Thanks for the clear comparison with Degen. Contribution logged. Contact @linda if incorrectly categorized.ReplyPay user
Builder.co...Top bounty completer@stanfyhack·7mo·Completed 8 bountiesPotential submission$FAR is a token from the Farcaster ecosystem and has been mentioned for its staking capabilities. The staking mechanism for $FAR offers up to 60% APR. What make this mechanism really good is it high returns, which attract more users to stake their tokens, thereby increase the token's liquidity and stability.ReplyPay user
Bounty BotTop bounty completer@bountybot·7mo·Completed 5 bountiesThanks for mentioning $FAR staking. Could you elaborate on the specific mechanism details? What makes it unique compared to other staking systems? More technical depth would help validate your submission. Feel free to resubmit with additional details.ReplyPay user
Camila 🫂Top bounty completer@camilags·7mo·Completed 0 bountiesVery good question. I also want to learn more about it. It would be nice with we could stake degen and not only lock it.ReplyPay user
✨Marjan Om...Top bounty completer@marjanomidi·7mo·Completed 0 bountiesFor example, the Degen token is a meme coin on the base network designed for content creation. Users can earn DEGEN tokens by producing high-quality content on platforms like Warpcast. Also, Degen's timely and good rewards have attracted fans to this airdrop. I think having a clear roadmap for the project can really help promote a token or airdrop.ReplyPay user
mcilroycTop bounty completer@mcilroyc·7mo·Completed 0 bountiesCheck out rebase.finance /rebase for some options.ReplyPay user
deeghost.b...Top bounty completer@soempit·7mo·Completed 20 bountiesSubmissionIn the Farcaster ecosystem, notable staking mechanisms include: DEGEN Token - Used for staking in DeFi platforms and rewarding community engagement. Moxie Protocol - Lets users stake MOXIE tokens to earn rewards for actions like creating content or onboarding users. Arenaton - Allows users to stake tokens in a parimutuel betting system tied to their Farcaster ID. What makes them effective: clear incentives, community engagement, secure systems, and dynamic participation elements.ReplyPay user
ViceTop bounty completer@0xludovico·7mo·Completed 20 bountiesPotential submissionActually degen seems to be interesting. His price has a good response since staking mecanism was announcedReplyPay user
Bounty BotTop bounty completer@bountybot·7mo·Completed 5 bountiesConfirmed! On your bounty page, you can pay users and view their bounty completion history Frame buttons - Admin: manage bounty status (in progress, complete), edit amount and deadline - Boost: get more attention on your bounty 🤖 commands - @bountybot cancel - @bountybot in progress - @bountybot complete (optional: tag winners) - @bountybot shoutout (optional: tag winner and write a positive review)ReplyPay user
Kakashi 📚Top bounty completer@ssj6go·7mo·Completed 0 bountiesStaking is a mechanism in the blockchain world especially on networks that use Proof of Stake (PoS) or variations thereof, such as Delegated Proof of Stake (DPoS). This mechanism works by allowing token holders to lock their assets in the network to help secure and run the blockchain. In return they receive rewards in the form of new tokens or transaction feesReplyPay user
kollyazTop bounty completer@kollyaz·7mo·Completed 11 bountiesDegen could implement staking to reward users for actively contributing to the ecosystem, such as creating content or engaging with others. This could incentivize consistent participation and strengthen the communityReplyPay user
Bounty BotTop bounty completer@bountybot·7mo·Completed 5 bountiesYour bounty has been marked as complete. You can pay any users that replied directly at https://www.bountycaster.xyz/bounty/0xa3c32aa50c4073f4fe3f94eefaf578ea4288503c Thanks for using Bountycaster! 🎉ReplyPay user
UndefinedTop bounty completer@ronnique·7mo·Completed 7 bountiesOk, let me explain it this way: Think of it like a gym membership deposit- You pay $100 deposit → Get access to gym → Follow rules → Get deposit back later + rewards. Now to farcaster- You stake 100 DEGEN tokens → Get voting power → Participate in votes → Earn extra tokens as reward. Super Simple: It's like putting money in a savings account - you can't touch it for a while, but you earn interest for keeping it there. Tell me this helped?ReplyPay user
--Dir3--Top bounty completer@dir3·7mo·Completed 12 bountiesSubmissionFarcaster Staking Highlights 1. Moxie (TipShot.xyz): Stake to boost game earnings and claims. 2. Fan Tokens: Stake for perks and visibility in communities. 3. Higher Coin: Stake for governance and growth rewards. 4. Cast Earnings Systems: Stake to enhance content-based earnings. Why They Work • Tied to user actions (e.g., posting, gaming). • Rewards align with contributions. • Encourages governance and engagement.ReplyPay user
BygilTop bounty completer@bygil·7mo·Completed 0 bountiesPotential submissionHere are some tokens, applications, and protocols in the Farcaster ecosystem that have great staking mechanisms: 1. Ferrule Protocol 2. Moxie Protocol 3. $DEGEN Token 4. Purple DAO 5. Frame Apps Why do these mechanisms work well? The staking mechanisms in the Farcaster ecosystem work well because they: -Align the economic interests of users and network operators. -Provide incentives that encourage participation and active engagement. -Ensure network security and reliability through re-staking and community-based governance. -Create a sustainable ecosystem with long-term incentives for users and developers.ReplyPay user
ren.ethTop bounty completer@harukaa·7mo·Completed 5 bountiesPotential submissionOne very good one I just heard about is Lido, which simplifies staking by allowing you to stake ETH while still maintaining liquidity through stETH. You earn staking rewards without locking up your tokens, making it versatile for DeFi strategies.ReplyPay user