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We will present practical strategies for AlfaFrens given what we covered in the 101 article.
This is a much shorter article that points you to some existing well known strategies, but also aims to help you think of how to "play" AlfaFrens based on your personal goals and situation.
Before moving along, please don't forget to pray to le blue elefant god.
First Principles Refresher
Inputs:
Stake
$ALFA
Unstake
Subscribe with
$DEGEN
Unsubscribe
Claim
$ALFA
Outputs:
$ALFA allocated to a channel
Cashback received
Levers
As a result, your primary levers are:
Accruing more
$ALFA
by subbing to many channelsYou can do this based on channels with the lowest
$DEGEN
per$ALFA
(DPA)
Claiming + Staking
$ALFA
and Unstaking$ALFA
(Taimo Boosting)Staking a large
$ALFA
position in a channel dilutes everyone's$DEGEN
cashback in that channel, but increases$ALFA
for everyoneUnstaking a large
$ALFA
position in a channel increases everyone's$DEGEN
cashback in that channel, but decreases$ALFA
for everyone
Le Blue Elefant + Taimo Boosting
If you have been following Le Blue Elefant strategy, you likely have built up a stake in your channel and this enables you to utilize a strategy called the Taimo Boost™ (coined by @taimonania). I actually first heard of it from @surewhatever, but he prolly got it from Taimo ;)
Le Blue Elefant strategy is where you:
Accrue stake from subbing to channels and then
Stake to your own channel => increasing
$DEGEN
per$ALFA
(see above)Incentivizing people to subscribe
Increasing
$ALFA
per$DEGEN
incentivizing more stakers.
Taimo boosting is where you:
Unstake your large stake position from your channel (or any channel) which increases the amount of cashback each
$ALFA
earnsThis incentivizes new stakers (or existing stakers) to stake more to your channel
This increases the
$ALFA
allocated to the channel and incentivizes new subscribers (high$ALFA
per$DEGEN
)Once you are done, you can stake back to the channel with a greater number of subscribers and stakers, dope!
Current Landscape (as of May 2024)
Given that the multiplier is high (~2.5x) and will decrease over 6 months, accruing $ALFA
will get more expensive to accrue every second.
Therefore, it makes sense to accrue a lot of $ALFA
while it is cheaper and then utilize Le Blue Elefant strategy along with Taimo boosting to attract subscribers and stakers.
Ultimately, it is important to consider your own personal goals with AlfaFrens, whether this is: delivering alfa to subscribers, garnering attention earning some side income, speculation or pure farming.
This is what should ultimately determine what "strategy" you use and the game you are playing.
Fin
AlfaFrens has taken on a life of its own, nobody at Superfluid thought it was going to go this viral and there has been so many people who have posted their own guides, compilations (thinking of this one by @leeknowlton.eth) and much more.
Hope everyone is enjoying the party and I am excited to see where AlfaFrens will go in the future!
Congrats on making it this far! I tried to keep it short, but if you found this helpful and are interested in crypto, AI and more, follow me on Farcaster and Twitter, it's free and will give me the validation I never got from my Asian parents. 🥲