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Farcaster Fridays: My Top 3 Highlights from Farcaster This Week

Falling, flaunching, and basketing and some building

Rch

Rch

Farcaster is a playground for crypto experiments—I find myself trying something new every week, and more often than not, I’m surprised. This is my attempt to log my experiences. 8 weeks in now

Falldown

Frames V2 has sparked a gaming renaissance on Farcaster. New games are dropping weekly—this time, I stumbled upon Falldown, thanks to @dwr.eth.

Falldown is a simple, fast, and fun.The objective is to keep the ball from getting stuck at the top or falling off the bottom. Swipe left or right to guide it through gaps in the moving platforms. If the ball falls off or gets pushed out of the top, you lose—gravity wins!

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Give falldown a try! And give Kasra the builder behind it a follow!

flaunch

I have to admit, I almost missed this. Since Clanker took off, plenty of token launchers have popped up on Base. But a cast from @df made me take a closer look.

flaunch launched publicly on Jan 31. Since then, over 2,600 tokens have launched on the platform, generating $87 million in trading volume and paying out 60 ETH to launchers. There are a few things that flaunch does differently that makes them interesting.

This is how it works:

  • When a coin is launched, its price stays fixed for 30 minutes or until all fair launch coins are sold. After that, price discovery begins, and anyone who bought during the Fair Launch can sell at the same price.

  • Everytime a coin collects 0.1 ETH in trading fees, it invokes a buy back.

  • 100% of the fees goes to the creator of the token and the community. The creator can decide the split between themselves and their community.

  • So if all the fees is given away, how does the platform generate revenue? They use a v4 hook to lend liquidity on Aave, earning yield safely.

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All of this is very cool. And I do think like from an earning standpoint, flaunch is very creator friendly. But with so many token launchpads and new tokens popping up, standing out is getting harder.

My guess is to succeed, launchpads need to do more than just launch tokens. They need to build better tools or find new ways to help the best tokens get noticed. Strong distribution and discovery mechanisms will be key for making sure great projects don’t get lost in the crowd.

At this point, we're probably launching north of 100K tokens every day across all chains.

Basket Launch

While I did write about Basket, last week, I didn't expect they would launch so soon. Ver 0.1 went live yesterday. Here is how it works

  • You invoke the @basketdotfarm to launch a basket.

  • You specify the token tickers you want in the basket and the percentage breakup.

  • It confirms the CA and then shares a frame with you.

  • Anyone can now buy the basket of the amount they desire through the frame. The experience is very smooth.

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If you are looking to try it out, may I suggest my own based basket "based agent". You can try it here

Not a financial advice. Not even a life advice.

What I'm upto

Puneet and I have been working on a fun new frame - Clanker Ranker 👑

coming soon!

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Collect this post as an NFT.

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Farcaster Fridays: My Top 3 Highlights from Farcaster This Week