g m adrienne
happy monday
happy monday gonna be a massive show today i'm super excited we've got a retweet that we are live we are gonna be live for the first half hour we're gonna be doing farcaster news filling you in what's going on giving you a little ramp up to our interview with dan romero and jack dishman dwr and dish from farcaster and clanker and we'll be diving into the very exciting news that farcaster has acquired clanker so this is going to be amazing today adrienne are you ready because this is gonna be like a massive day
so ready my voice is so
ready but your voice is
90% back
okay
i was at farcaster dev day on friday
which we're gonna talk all about i need to get your insights from that so oh i think you just muted so i'm really excited to hear about that that's definitely something we're diving into at the top so but yeah your throat your voice is rough luckily here's the thing luckily dan's coming on in thirty minutes and we won't have to say anything our number asked like two questions and then he just goes it's fantastic alright but before that we're gonna do a quick little intro we'll be back on the other side of sixty six seconds please retreat recast let people know we are live and we'll be right back
welcome to gm farcaster bringing you everything from breaking news to spicy memes to the deep lore shaping this vibrant digital community more than just a show gm farcaster is your digital third space where the community connects the stories unfold and the culture thrives whether you're a daily caster or just dropping by we've got the latest buzz to keep you plugged in so grab your coffee and let's dive in with your hosts nanesh prop and adrianne for another episode of gm farcaster
this episode of gm farcaster is powered by clanker each monday we'll bring you the latest news from the clanker team and highlight the builders innovating with clanker and farcaster visit clinker.world to launch your token and check out all the new features that clanker v four has to offer thank you clanker for sponsoring gm farcaster
gm farcaster it is monday october 27 and you are here with now nisch professor and adrienne for twenty nine minutes of farcaster news to start your day plus we have dan romero and jack dishman joining us at the top of the hour 11am eastern 8am pacific very excited to chat with them very exciting day adrienne we get a lot we get a lot to talk about and i'm very excited this is going to be really fun if you are here for the first time and you haven't been with us today we do gm forecaster three times a week we have been doing it for over two years and everything is on chain as well as an nft first on zuora then on pods and so now we are on pods so just to kind of give you the lay of the land if you are new here so let's dive in adrianne because we've got some news to share before we get into all the things so first up this is a little summary of what's been going on from brad q twenty nine seconds of farcaster what did you miss this weekend what a weekend you are new here i feel bad for you trying to follow along give it another few days i probably should have called this thirty seconds of farcaster true so yes 37 is everywhere i guess it started with tldr wearing his 37 hat created by a town to dev day and several posting it but then trimerge took over and slammed the timeline then martin famously of higher and ethernet fame created 37 coin and well now we just have a crazy 37 playpen and chris dixon thinks new tech starts as a toy before it gets serious shaking my head if you are new 37 is a meme or joke about fc being small and only having 37 users jam forecast will explain it further today and that's pretty much the whole explanation so i don't know if i need to say much more than that it's a joke that we have so few people over here it's only 37 of us that's the whole joke so if you see the 37 meme now you know speaking of crazy dan went unhinged with his masters of warplet universe creations to linda's horror and horseback's delight but it clearly didn't stop there as angel ran with it creating warplets and that's what you see behind us right now on our backgrounds last night well ugly cute they are filling the timeline and those of us who aren't degens and up at all hours are waiting for a chance to mint ours today in in the midst of these shenanigans that might jam brands' shenanigans look mild there were some more based building moments and discussions highly recommend reading the reviews from dev day in the comments quoted here fantastic combo about wallet led focus vfc with ted's comment to start which is fantastic which i hope we'll have time to dive into a little bit we may not and then of course we are on now but we're on a 10:30 not 10am he messed that up but that's okay warplets are adorably terrifying accurate description we will get into that in just a bit first up i do need to mention this cast out which is our version of crypto the game if you will it's a survivor inspired game of challenges that all happen on farcaster countdown is on seven days five hours ten minutes nineteen seconds and i am freaking out because it's coming up very soon it's actually now three hours ten minutes nineteen seconds because you know it's just a lot but before that all begins please go add our mini app it has everything you need to know about castout and all the fun things are in here we do need to update because we do have a couple more sponsors so yeah talk to the dev about that yeah we have a couple more sponsors so if the dev could get on aptos get it done today
she's gonna get it so
aptos and also it looks like the purple prop is gonna pass so purple will be our final title sponsor and yes the cast out was just a marketing ploy to get people back to yoink it's true working on that little issue by the way so hopefully horse facts will get that done in time
can i share with kate about cast out
yeah go ahead
rumor has it there will be a bracket
there will be a bracket
so you can yes you can bet on players
so even if you are not playing cast out you will have an opportunity to back your favorite players and if you back the right ones maybe you earn a little brackey in the process so if you're not familiar with brackey go type in the words at hey brachy tell me who you are and it will tell you all about brachy and that's all you need to do and you can do that actually over on twitter as well now but i think you is it still the same it might be a different name i'm not sure but you can do it on farcaster by tagging brackey and also on twitter there is a way to do that as well so very exciting moving on friday was dev day so this is from dwr the day before another big day tomorrow developer day in new york we did this last year in la and it was a big success most of the farcaster team is in new york where we'll give a keynote and host a q and a with several dozen ecosystem developers as with last year space is limited so we couldn't invite everyone i'll hold a remote friendly ama later in the day for anyone building on the protocol finally huge shout out to linda for organizing and estes for helping with the venue and catering who was also emma who also helped who organized far con so this was the farcaster developer day i was trying to figure out people from the back of their heads i could figure out some i i i got some and then did
you get it
yes i see jeff hold on i was getting to jeff i was getting to jeff i was getting there and then this was the dev day dinner after the fact where immediately the first person who stands out is jeff goldberg and this was hilarious from android 16 record scratch free frame yep that's me you're probably wondering how i got here that's exactly what it looks like for those who don't know and aren't familiar jeff goldberg has been publicly critical and sometimes with amazing feedback sometimes a little trolly we got a little bit of both from jeff of the parcaster team and was in attendance at at dev day and seemed to have a great time and everybody had fun meeting him so there you go it was just a matter of yeah getting him in the room and really quick this from peachy this is really funny so lamb chop was like what the fuck is happening in new york why is everybody in new york right now and both peachy and horace fox answered lol dev day i'm so glad you are here to explain farcaster to me because someone sent me this meme and you had no idea what it was
idea it was lamb chop i was like that kinda looks like peachy the witch the witch
i know horse facts is
a ridiculous tire horse i didn't understand because they also added a lena ferri into the the bottom and i was like i don't understand this
so
i don't understand what's happening no this is yeah this is just a little a little momentary fun about dev day but let's actually talk about that you were there give me overall like what was the keynote like what was you know the what else who else spoke what did you get from it just give us like a quick overview
yeah so keynote was it was dan and varun giving a road priority update like where they're focused all about discover trade create i'm like i better remember it and they're like kind of how they're leaning into kind of trading the wallet experience making forecaster the best place for traders
for crypto very much if you've ever heard of dan and varun talk very much the same vibe so it's not the steve bomber on the stage with like armpits sweating you know it's not the it was just like
not a hyphen not a hyphen it
wasn't a hypheno talk
yeah
and it is super transparent as as they've always been about how they're thinking in terms of like it's just growth what is going to drive growth for farcaster i loved it and then they really just make most of the time open for q and a and as with this developer crowd people will ask questions could probably go on forever we had to cut it but they answer anything so just it it was really great and then most of the day was really just open networking and collaboration and kind of coworking so probably about a 100 developers throughout the ecosystem and and then in the afternoon there's about an hour and a half of lightning talks of i think it was about 12 builders doing three four minute updates on what they're building so it was awesome
i love it
and then there was an evening out dinner party that i unfortunately could not attend
and that was the yeah that's the famous jeff goldberg picture now so speaking of those talks there was one by tldr brachy fame and his hat got a lot of attention the 37 meme hat and that led to this try emerge adding a little hat and everybody adding so for those who are not familiar with trimerge on farcaster it's a mini app where you can create a workflow by tagging it and then it will allow for any pfp to be changed into this workflow so this is you can add the 37 hat to your pfp which led to martin creating dollar sign 37 so we have a new meme new meme coin to go with the meme and also being willing to pay 37,000,037 to anyone with a 37 hat so there you go and yes a town was the one who created the 37 hat who's also the lead behind the merge so there you go and then this was the funniest little revelation which i didn't even realize that bellaghi is fid 37 this may or may not become relevant at some point just you know keep it keep it in mind if you're playing cast out is all i'll say nice you never know when that might become relevant i love it when this is a
straight up conspiracy theory video you know
total total
there was other thing 37
people kept posting different 37 things and creating a full on yeah definitely conspiracy theory the other funny thing was people doing the six seven three seven instead there's that so we've got a lot of three seven three point seven approaches here so very funny i love it when we're when we're meming then we have one more thing that i wanted to just highlight zapper also has a client it's still in testnet and i spent some time bopping around there and i have a feeling that dgen may end up feel the dgen client that's coming out may feel similar it's very trader focused very defi focused but i did find it to be really useful for that purpose and what i'm kind of like getting the sense is that i'm just gonna be using different clients for different purposes and that's gonna be perfectly fine and that's gonna be perfectly fine so i yeah
each are not a bug yeah it's amazing yeah
each are not a bug and i really liked the zappr client for that purpose but if i didn't like if i wasn't looking to trade or that wasn't an interest this is going to be annoying to you if you're not a trader but if you are it can be really useful it was great information it was like you had a lot of alpha flowing it was it was really good it was just clanker after clanker after clanker so because it was that moment but it was great
yeah and zapper's still on testnet as is uno but i'm excited also for uno to come out which is like you know if like you're not looking for a trading app and you want more of kind of the ig style feed friends pick like you have that alternative
i think we're gonna see that's the way this is gonna roll is that we're going to have all these different clients that serve different purposes and then you also have base so for those who are we know we've got a lot of viewers today we've got dan and disch coming on in just a bit and a lot of people may not be familiar with how that works i have been getting an excessive number of questions lately about two things clanker and bass bassapp i should say but also people you know getting their ears perked up with the mention that base is exploring a token so just to kind of explain the feed the social feed on both is the same but you can do different things in in these different clients so for example you have the zuora tie in on the base app so that your post can become a coin so there's that as well as creator coins that are now being directly integrated into profiles within the base app you also have some really good trading features as well i know oxbid has been working hard on sort of surfacing that so base has that aspect as well and then you have you know zappr like i said is very trading focused you're going to have a dgen client that's going to be very trading focused you've got uno that is the opposite of that so we're getting like loads of different clients but the feed will essentially be the same where you're you might see it differently because the algos will be different but you'll see the you'll have the same content that'll be perpetrated like broadcast between all the different clients i'm trying to get all these other things to open way too many links today so for those who are unfamiliar we show a lot of casts from farcaster and i'm trying to put them in different buckets and they are just challenging today so here is the other thing that happened that brad mentioned is that dan went ai crazy he went on a little binge and as did sloke here and this crazy warplet character that he created when the warplet launched which is in my background right now anne and anne and adrian's that they were debating using as a mascot and there was a lot of pushback so it became cco and it became this unofficial mascot and now dan has gone absolutely crazy and the little warpy guy is everywhere this warpy monster so we have him in clanker we have him battling clanker we have him in a clanker suit we have his cousin molly
so bad so bad for those who aren't familiar this refers to a green verde mole meme on farcaster it's
so bad in purple i don't know how it's
so bad
like how it could even have gotten like an order of magnitude worse than green
it's amazing
and then by the way farcaster does have free sign ups right now so there is no fee to sign up you don't have to i don't even think you have to link your twitter do you still need to link your twitter for free i'm not sure i don't think so so come sign up for free but also dan then posted free sign ups with the little warpy creature linda has been horrified by this little guy since the beginning so she said my biggest issue with dwr is keep trying to push his creations of warplighters our mascot and his cousin molly by the way holy moly also quite funny
nice
very quite funny and a little heretical and then here are all the various versions by the way the dogs kind of cute the burtwurst of it all kind of cute
then sayangel created an nft mini app where it will change your your pfp into this little warplic creature monster but then it broke because everyone went crazy creating theirs but also it went to like a 10 x or more on opensea like what is happening right now so one of the funniest nights in very long time linda is going to wake up to discover that freak warplet universe characters brought back nfts like they're trending on opensea which is just absolutely hilarious because there's just no reason this should be happening but i think to dan's point here great example of the power of farcaster developer legos say angel builds a mini app that pulls in your fid and pfp remixes it with the warplit mascot charge a small mint fee which burns a clanker token share back in the feed for viral distribution nfts show up on opensea immediately the clanker warp benefits from the virality of the meme the increased eyeballs on clanker get people interested in the nft collection a floor appears on the nfts driving more people back into forecaster app since you need an f id to mint discover trade create so there you go little shall we say it flywheel if you will drink everybody that's our that's our drinking word this from tanny just got my halloween costume anyone else want one yes we've got a warpy halloween costume and then this was another this is the emerge version where you could create it and this was tim's which was hilarious and then we had this farcaster guide to warplets similar to gremlins no bright lights candles are fine humankind candles are fine is what it should have said don't get them wet water makes them put on an eye patch and pretend they're pirates do not feed them after midnight that's where farcaster eats first originated
now we have lore and by the way because he was cco right when he was launched you added him as the mascot for warpy so this is our bot that answers questions about jm farcaster from episodes from our transcripts so he is he is our little mascot as well so i call him morpie that's why i was spelling moly with two e's and dan was very
upset by that i got offended
i got offended and jake had also added him to the condo app because it cleans up your wallet so it eats your dust if you will if you're not familiar so by the way i don't know if
you know if you remember this laura jake didn't jake created a bounty for people to create mascots for the app
oh i don't remember that
someone else suggested took the warpy we call him warpy right
we call him warpy
we're the guy and put him in a little like french maid costume i think and i can't remember if it was mike dot heath maybe i think it was but i could be wrong so my director of
fact checkmate i remember that yeah quick fact check on on that one but i think you're right i think it was him so funny just so funny it's definitely warpy this has just been fun i like farcaster when it's like this when you have this 37 meme popping off and it has a oh it was him it was mike you have the 37 meme popping off you have all this excitement over clanker you have dan going a on an ai bender i love when dan goes on an ai bender by the way it's hilarious it really is like seriously one of the most intelligent people i've ever met and still can go like full on crazy with like ai sometimes this is like when he went on this givelify like insanity okay so we're just a few minutes out from dan and jack joining us so i think we should like set the stage as to what's been happening and why they're coming on over so we're going to dive into what happened last week with clanker and this was the announcement from dwr we're excited to share that clanker is joining farcaster clanker is the leading launchpad on base and home to projects like banker noyce bracke and more we're thrilled to join forces to make it easier for everyone to create and participate in on chain communities we plan to integrate clanker more deeply into the app more on this soon we have a few updates for the clanker ecosystem starting today clanker protocol fees this was last thursday clanker protocol fees will be used to buy and hold clanker two clanker v0 through v3.1 collected a portion of protocol fees and ecosystem tokens into a fee vault the clanker team burned these tokens earlier today reducing the circulating supply of each so that's why if you saw this big green god candle go up on things like banker and better and bracke all of all the b's the three b's in particular they had some because they had actually a lot of their token was locked in the in the fees so that that was a huge burn so that's why you saw all of those sort of pop off right after then number three here the clinker team has also permanently locked roughly 7% of the clinker supply into a one-sided lp to provide additional liquidity further reducing circulating supply and then there is a lot more info down here where did it go there we go here's the faq so i have a clanker ecosystem token what's changing is it existing clanker ecosystem tokens will continue to work as normal and you can still create new ones the only change is reduced circulating supply for existing clanker ecosystem tokens due to the treasury burn why were the clanker ecosystem tokens burned so when we're talking clanker ecosystem tokens we're talking about tokens that were created on clanker in the early versions zero to 3.1 and not necessarily the dollar sign clankr token so just to clarify that so why were they burned selling tokens would likely have impacted their price and burning the ecosystem tokens made the most sense from both a legal and tax perspective what protocol fees will be used to buy and hold clanker two thirds of all protocol fees from existing and future clankers will be used to buy and hold clanker the remaining one third will be reserved for taxes is clanker now the farcaster token no clanker is an is independent of the farcaster protocol farcaster does not have a token also will not have a token he said again or there's no plans for one at the moment clanker protocol fees will be used to buy and hold clanker farcaster protocol fees which are different from subscription storage collectibles will continue funding cast developer and referral rewards so that was a little confusion as well because they started talking about protocol fees being used to buy clinker and there was confusion if it was farcaster protocol or clinker protocol so just to clarify there what will you do with the clinker tokens you accumulate we plan to hold them do you have any future plans for the clinker token not at this time is this investment advice no nothing nothing here is financial legal tax or investment advice also probably not a cult that's my usual disclaimer so there's a whole bunch of additional information here and then we had this from dish clanker was only possible because of farcaster its wires are deeply rooted in the open social graph and flourishing ecosystem of developers traders creators and community we're ecstatic to plant ourselves as a permanent pillar of the farcaster network and continue to build out the best token deployment framework possible to the clinker community thank you for your unwavering support the best is yet to come okay and we had a few more things if i can get to pull up okay so let's just stop there for a moment while i try and get a couple more casts pulled up here about the clinker buys
also this wait where'd it go did i just lose that one i did okay oh here we go this was funny they were doing all the smart contract stuff citing many multisig transactions were signed that's horse facts and lobster mindset and dish that were together i know i love dish's shirt it looks very very familiar
sporting the same yeah
yeah looks very familiar so that was that was fun to see and then we had our do you know
you need to be in the same room for multisigs to work
i didn't know that i i've been doing it wrong this whole time i had no idea i thought the whole point was that we didn't have to be in the same room but okay but it's fun that they were it is fun that they were so this from dwr update on clanker buys the buying process is manual and the schedule will be irregular to start we'll announce buys as soon as we've completed them and we'll automate this within a few weeks and then they did end up doing a couple of buys so this was in response to the clinker update we just bought 65,000 usd of clinker using two thirds of the protocol fees generated in the last day the other one third is being reserved for usdc for tax purposes transactions below the buying process is manual and schedule will be irregular you can see i don't did they end up doing the dune dashboard i didn't see that yet but there's there will be a dune dashboard with this additional information but this gives you all the information about the clinker treasury burn so you can check that out there and i do see that we have our guests are here in the studio and i'm sure dan is really liking our our background so i'm gonna bring them up here is dan and dish jack and dan here today dish and dwr welcome we are feeling very warpy clanker ish today so glad to have you here
can you hear me okay
i can hear you okay and so welcome to you both
very excited we kind of laid some foundation so the audience knows you know kinda what the background was we've talked about your announcement we've also shown them the craziness of your ai vendor so they're fully informed of where you're at today and dan so i wanna start with you tell us a little bit about how this came about so i kinda wanna like level set on how did this deal come about what's happening with the people involved in terms of what's going on with the clanker team versus merkel team and then if we can get a little bit more into the details of how the clanker purchases and burns are all gonna work i know there's some questions around that so i'll turn it over to you
yeah so maybe high level we are very much doubling down on the wallet and a couple months ago reached out to jack and and kind of started the discussion around kinda saying hey we're we're making this bet on the wallet and a core part of that is asset insurance right the idea that like to be able to launch something on chain from the forecaster wallet feels like a core part of that strategy and we've got some discussions and ultimately it was it was a good fit so team is now on board there's no difference between collector team and like it's one team now so okay but so
does that mean like some folks who are part of the merkel team are gonna be working on clanker and vice versa or how is that yeah yeah yeah i just think
about it it's like everyone's on the same team now okay we have our set of priorities and then we'll kinda allocate people obviously you know jack and lily like they're gonna have more context in in that part but i think you know first packs has already you know been very involved with a lot of the stuff during the transition and you know ruben and i obviously are gonna be thinking about this linda's gonna be talking to people around you know if you're thinking about launching something on chain you should potentially be doing that with flanker how potentially you shouldn't be doing it with flanker so so that's that i think maybe to just go over fees really fast i it can actually get complex there are three buckets of fees there's what we'd call like kind of historical flankers so v zero through v 3.1 the collector team had really good numbering those fees get generated out of a uniswap pool in both eth wef and the native token so if it's bracke or noice or banker like so we we get both of those right now we're not doing anything in the native tokens we are using that eth to buy
additional like a v 4 which is more recent assets so something like 37 or sky those are just eth so it's very simple we just use the eth to buy or collect and then the last thing that we have is we have an lp position in the actual original pfeiffer pool and so that allows us to kind of add liquidity and as a result that that's actually locked in there so it's it's it's kinda in there forever that generates both eth which we can use to buy clinker and then it actually gives us clinker which we don't sell the clinker to buy more clinker so we just
so we just hold the clinker
name the way to think about it is we are taking all of this kind of protocol fees all the protocol fees reserve a bit for taxes and then buy credit that that's that's what we're going with and there are there are no slots so like just be really really clear we're gonna continue to make those announcements public right so we'll we'll kind of say hey we did another bot here here's what the total amount of klinker held is that may not be in kind of like a single address we likely are going to put it into our coinbase custody like we we just generally think it's way operationally easier much less likely to have like north koreans trick you into like signing something wrong like coin coinbase custody is really really good in terms of just like the actual offset of keeping funds safe but we will continue to publish the kind of updates around buys and and what we hold ideally it gets automated right so we we may get to a point where it's happening daily or even you know sooner which i actually think is is good it's like you kinda you smooth out rather than you have this big kind of lumpy and then you're waiting and then people don't know but yeah i think we're we're excited we we did not own any client curve for the acquisition so we can kinda think of this as like we're earning the position we have in clinker as a result of having people use the clinker kind of ecosystem right like anytime you trade a clinker in the ecosystem so yesterday i think warp was top of a lot of charts that's generating fees back to clank
i'm real mad that i sold that back in august which i sell nothing so it's really weird that i sold it for like $3 and i'm so mad at myself
anyway yeah it might not work for all types of crypto but in my ten years in crypto the best crypto strategy is usually fold for ten
years and
it either goes to zero or it's a like i i think that that is like a good way to think about it
it's generally been my experience
as well assets these days but i'm little boomer so i i'm not like in the trenches in that stuff
you never know which one's gonna catch on now like there's
a few
a few different it was like warp worklet w it like i don't know i feel like it's like whatever
i had them all and i think i sold them all it's so funny it's just a it's so funny if you look at my wallet because of the ridiculous things that i have in there that i haven't sold is just hilarious like lemons
it is a question though is what lore you guys are are lore experts and forecaster there was a flurry of clankers created in november december remember one about like hair color obviously people's food preferences like there there are probably some latent on viewers that have yet to be rediscovered and throw a say angel mini app on it and you know know where things go right
it's
not financial advice i i don't own any of these
so toady they're still home for me
post about whatever i want
there's still home
so this is not a good commercial for the condo app so i know for condo
you remember doing that
for condo
but for me as like my ocd like having the condo app press it and
just like having a bunch of these like dust balances it feels feels good it's nice if you need that sort of thing so going back to the tokens that are like so tokens like banker etcetera that are now being held and there's been some discussion about what you're going to be doing with those if you're gonna burn what comes through additionally if you're gonna sell there's some concern about that from the project creators for example who would love an opportunity to otc buy it back or you know i think burn's a perfectly acceptable option but what are you thinking in terms of that because i know there's a lot of questions around that
yeah so let's delineate like before the planker team joined like right they were kind of running the platform in kind of like a purely like just launched clankers forecaster we have a swap point of of business right and so the thing is we've actually we have a different kind of approach to just doing a bunch of stuff around like how we do accounting and things like that which is is completely reasonable and so for for farcaster we when we receive these ecosystem tokens that's taxable income to us so right think about something you you have something that's fast moving you get it it's worth x and then if you don't sell it it goes down a lot that that the irs doesn't care so i think we have some like very concrete problems that we kinda wanna make sure we work through very much hear people on hey we don't it's not a good look and optics on constant cell pressure but it's but i need three things so first v four works like this now jack can confirm sky castle i think is what they're the third largest clinker by market cap like so it it actually like you you can have breakout
kind
of clankers in a v four model like we're we're very confident on that and part of that is just the function of time more than anything else i think the second thing is the the clanker team prior to the kind of acquisition burned a large percent of the supply of yep most of the the kind of like clankers in the ecosystem right like any any materiality threshold and so if you just start from a how how much is the kind of like strategy impacted you're actually way ahead in terms of like there's been a bunch of of the native token whether it's you know a brachy or a banker or better that's been taken out of supply and i think the third thing is like i i get the vibes and optics but that that's that's actually an important component and and that's maybe the level that most people wanna dig into but if you actually dig into the math and you look at the size of the positions that the kind of clinker protocol would accumulate now if you wait for a year or two that that position can get really large but if you're doing the cells as close to the time as they are received it's it's a de minimis amount of impact
that's true
all that said i would love to do something as aligned as possible with the developers who are who are using clanker so whether that's an lp position or burning like all the things we're we're that's why we haven't done anything we're we're investigating and trying to think through we're we're gonna have clear communication on that but i think like it's very easy to say like oh don't you should do this and if they call her there's a whole bunch of complexities that
we do not
and so it's much easier to make the suggestion versus think through the actual practical ramifications of it that said that's our job so we're very much trying to figure out what is the the the best thing that we can do because obviously we don't wanna do something that's gonna have a bad bad branding for a client
i think one thing there just on that point right so for v four for one future versions right like the protocol fee is taken only in west which is you know i think a lot of us companies should do it that way what happens actually on that swap is that you know that that clancor token is converted to weth we kinda call it like bullish selling in a sense right even this is the same thing as if a creator decides to only take their fees in weth like that's kind of what goes on in between the hook swap logic so like as we start to kind of automate this right like that that's kind of like a similar kind of approach to it there's there's a big like misconception there but it's our job to kind of clarify that and it'll it'll just get easier with automation
the the the the order of magnitude of
the sales like it's a constant sell pressure it seems like it's like oh you have this huge amount and you you're doing it it it it's not actually there and so i think it it's worth just like quantifying and getting all this laid out and again no no like we're doing x it's just i think the expectations here is we're gonna do something that is pragmatic and try to make sure like it's it's well communicated
awesome and i feel like it's been very transparent so far every time you've you know done anything burned anything sold anything it's been very clearly stated and shared is there a dune dashboard yet i know there was a spreadsheet like i know there was discussion i don't know if there's one for like all the different things that are happening with the clinker token etcetera
so we're working on shout out moon he's working on a dune dashboard that's gonna give more accurate numbers to the great clanker token buys i think there's like like a especially on x there was like a a big misconception between they see like the yeah you know clanker protection team do dashboard they're like you know all these million dollars of fees but that doesn't take into account external lp positions it's total dex volume and also like the creator rewards too right that's kind of all lumped in there so yeah it's we're we're working on it but i think like as we kind of like go go through this process more daily automate it it'll be really cool to see kind of like just like an order book of these swaps coming in
awesome dish i wanna ask you a question how are you feeling about this and did this come about before or after rainbow's offer
professor you're grilling us let's see
a little bit
first of all i feel i feel a lot more relieved i feel like clinker got to a point where it was getting too big for kind of like me to kind of handle by myself yeah and that's kind of you know why you know like i think this works out great and you know like i think like honestly like coming from kinda my background like just primarily just a developer right i'm brand new founder never been through this process before never started a company never talked to investors you know up until this year never never even talked about acquisitions so this was all new to me i felt like i was kind of out of my comfort zone which was really cool because i feel like i grew i grew a lot as a person but you know i knew that like to really kind of get to that next level i had to team up with a t or like with a established company right like you know clanker we're very horizontal we're deployed on a lot of the you know evm chains but you know to like to that we were kinda doing like a local maxima right where it's like if we go client you know kind of going vertical more and you know we could have built out like you know hired a bunch more people you know build out a new team but i just felt like the kind of like i was looking for kind of like where clanker you know like you know what would be the best place for a the protocol b the creators and c the traders right so like this i think makes the most sense you know i i actually have a lot of respect for the rainbow team like just wanna clear that like they're they're a great team i think that the whole thing between like you know our token holders like equity owners like that's
yeah
you know it's it's just tough i feel like and for me kind of like handling you know kind of like what was going on there a lot of it was over my head i you know i'm not like super i i just the this world or this industry is way too small to have beef like i think the rainbow team is awesome you know like there's there's no bad blood there for me it was just like i needed to do what was best for the protocol and i believe forecast is at that place
awesome one other thing i wanted to just shout out and say thank you dan was for moving clanker back up in the search feed because i was like why because it got moved down and i was like why is it the love pump that's not good
anyway not wanna tip our hand so you know we were
i i'm happy to see if i
think we did a pretty good job i mean if you look at the price of clanker no leaks right
yeah yeah there was no leaks
so our our team because obviously they had that and you know people i mean asking hey don't don't don't do anything on this and i didn't
we're sponsored by clankr and we talk to you people every day we had no idea this was coming i was totally shocked it's zero idea so i was giving away clankr to people who are minting our pod just a few weeks ago
you better it's about the by
the way if you got some clanker like by minting our podcast you're up like five or six x now so congrats
nice hey rewarding the loyal it's you know i think that's something beautiful
i think i think basically believe in something right
believe yeah you just have to believe in something right
what has been like how was your reception at dev day how was dev day what were people you know their their this is gonna be the first time i'm sure you were talking to people in person about this acquisition so how did that all go and what did you like what did you hear from folks about about this
yeah i mean i think reception was really positive we we were fortunate that the announcement was the day before dev day and i think i i owe i owe the network a a broader update and kind of to kind of go through the presentation that i went through with the folks in the room if everyone was there so we can weigh in but i think it very much fits into this this new tack that we're taking in terms of the the high level is and i think we talked about this last time i was on the show we tried social only or social first for four and a half years we got to where we are which is actually a lot of people who are using this if you think about it it's like a stadium worth of of people every day new broadcaster and global and all that kind of stuff but i think we were really struggling to kinda hit that next order of magnitude and we launched the wallet in february and it's it's organically grown every week since the beginning of the year in terms of the kind of core metrics there and shout out to to slope who i think came onto the team and and really helped drive this forward we have yeah bunch of other folks working on there but he he's been a really instrumental part of of kind of like going from nothing to a fully fledged like wallet like we we have all the functionality you'd want in a in a wallet for the most part i mean modular one or
two features it's a fantastic wallet and it honestly i've i have onboarded for three years students to wallets this was by far my easiest semester with the with the farcaster wallet so that says a lot
awesome yeah yeah so but but basically we're doubling down it's like play the game on the field sports analogies do what's working and and so while it's working people in procorecast are crypto native they'll build their own on it and we have a bunch of legos that we've spent the time putting together over the last four four and a half five years that are enabling new things and i'll give you two examples so the first is swap comments trade comments yep when you swap in the forecaster app now i think it's like $10 we we prompt you to be able to post a comment and then your comment shows up on the asset page but it also can go out to the feed still early on this product like there's a bunch of iteration we wanna make it more compelling etcetera day one this works for any other app on the protocol zappr already has integrated it not good area dev data definitely on their radar and they they have trades kind of in their feed but the power of that is we have connected addresses one of the earliest things we added to the protocol way back when we have fip two which is how channels work like literally never changed it and so we were able to use that right from the beginning and cast embeds right so the same thing that allows you to put a mini app or video or or image you can put an asset or a trade with it and so taking our own legos we were able to build this kind of new primitive and then other clients are able to use it right away and it's both wallet centric right like it's literally the trade but it's also social right so this is where i think all of this stuff like clicks together and so i would have used that as the best example until last night because i was ended up staying up with pretty late last night because we need some downtime and and like obviously when this is kind of like happening live it's real interesting but say angel who's been building in the forecast ecosystem for a while a variety of mini apps takes i don't know one of my ai creations that i put out eight months ago i think like and then you know i was terrorizing linda in the in the slack channel internally with like you know this creation and it kinda went away someone had actually created a a clanker at the time and then now just kind of resurfacing you kinda have clanker season which is exciting you have people looking at the clinker over here and then say angel build this awesome mini app that takes the c c c zero like ai image and allows you to do it with your pfp which if you remember the wifu mini app happened last year when we did it but all that kind of happens and now you get the virality and the distribution on farcaster but one powerful thing about clankers is clankers show up in the they're completely composed of everything in the ecosystem right so they show up on desk screener they show up in every other wallet like on their trending and so when that clinker is is kind of in play it creates this kind of reflexive thing back on the nft collection which probably would have just been an inside joke in a in a different version of this and so now we have like an nft collection that like people are bringing down our site trying to get in because they need an fid in order to mint and and and now now you have a a like i think it's like 200 eth almost in terms of trading
it's crazy
all these legos start to play together and i think that there was some apprehension at dev day around like is this social like like right i came for decentralized social and instead you're giving me kind of like a wallet and i i brought up the chris dixon post sorry i'm ranting
no we love it when you do this please the point is is that
chris has a post called come for the tools stay for the network you should go read it it's like seminal in terms of like importance of thinking that how do you build networks and then one challenge with the social approach we always tried there was no tool it was always you you have like this multivariate like you need other people in order for this to be interesting but that itself is a little bit like well what if the people aren't there and so with the wallet centric approach is like build a great tool wallet and then have these other features that build on the legos that we've been working on for the last five years that actually create these social experiences right and so this this warplet meme now actually ripples out into a broader part of crypto which now benefits all the folks on farfaster who are early to these things who whether you have the nft or you own one of these clankers or you own clanker which by the way is now just continuing to have more fees generated which people are buying so so there's a lot of symbiotic elements to it
and i call that a flywheel
we have going forward because
i think i i think it is bikers season and
this is like there are a bunch of people who
are gonna go look at these assets and
say wow these aren't your average just like run the mill coin that lasts for twenty four or forty eight hours some of them have been created a long time and you know a while ago but they have lore right like that's a result of the social right like memes that people think are cringe well it's like cool like these these things are now graduating into a broader reading
and you also have i mean you have the straight up means but then you have app coins you have different ways in which people use these clankers and i like anytime anyone asks me like where should they start i just say go to clunker.world and look at the champagne clankers for the clunker mini app it's a good place to start because usually those have a little bit more meat on the bone if you will adrianne sorry go ahead
no okay so dan so everything you're seeing this past weekend or really in the past twelve hours of legos coming together viral moment out breaking out of forecaster
everything built off of work that's been done over the past few years could you have predicted this a few years ago
good question
like is this a moment you would have seen so
i i think a few years ago i would have said what what is working it it's some version of like okay this is it we we hit a hit a escape velocity to start pulling people in for twitter like experience and obviously it's still the core experience feels like that i think where i would have been wrong but then in retrospect is like kinda obvious is like it's something new and weird and it is inherently more crypto native if you center things around a wallet and have the social kind of be the differentiating factor versus flip it to say hey this is a social thing that is basically a clone of twitter which then everyone compares everything to twitter and then twitter is all about scale right whereas i think of it as like you think of it as this like it's this kind of weird wallet that has a bunch of people talking and like they're they're actually not bots because we've solved the bot like the labeling problem for the most part and so it's like their actual real personalities and people and like that makes it interesting and so it
makes it interesting when you know
who's launching know but but i think it's the most promising direction we've had in in a lot since frames in dgen which if you look at yeah like what what was the actual driver of the real growth it's like frames kind of put a spotlight and then dgen was the reason people came in right and so i think that that is that is just leaning into what has worked and and making it an explicit part of the strategy
yeah i think that yeah nailed it and and also when you know who launches a token or who's buying that token you get it gives you so much more information so that d i o dyor becomes actual real because you can see within the wallet oh this person launched the token oh who is that hold on who are they what are they like where is this all coming from what would the token do you can research better when you have that social connection because it gives you just a lot more information and i think that's always what traders are looking for they want it quickly but they also want they wanna know that they're not diving into something that there's it's just gonna be a waste of their of their funds so i think that context is helpful
tldr tim from bracke brought this up as a question and i think it's worth highlighting is i think one thing that's powerful about a real social experience integrated into a a wallet is you you actually can shift people's mentality from pure trading like kind of this mercenary pvp like okay i'm in and out and like i just focused on just trying to make money to you you actually join a community like whether it's through osmosis or or kind of gradually and you start to build belief and conviction in something right so tim has a group of people in a broadcaster group chat that are his like core believers in his his app and project and and i think that that and and those are people he didn't necessarily know before and and like through forecaster and so i think that that look everything that people wanna do on chain like we should just make allow them to do it but if you would tell me what is the aspirational the thing that i would be really excited about looking back over the next few years of working on this is we were able to kind of graduate people into things where they're actually finding real long term alignment and community with with whether people or ideas and and i think like that that is something that i'd be really fired up about working on for a while
the brachy faithfuls they are faithful like they they go hard that og chat is a lot of fun i have to say so it's a lot of fun
what would the token do
what would
it do in an midi app
there you go
like i think that's the best use of it
exactly yeah i mean brackie i think is an incredible piece was this okay there it is there it is on our soundboard staying on the soundboard forever
i i brought this up a couple times like people are trying to like throw it back at me like oh what would the token do just as what it would do it's like no
but i'm yeah
it's a completely logical position it is
it's absolutely logical yeah
you can use the fees to to buy back the clinker and like i think for people reference like clinker generates materially more fees than something like farcaster right and so i think that like and and and there's an ability also to capture interest that's happening outside of farcaster into that economic model in a way that farcaster is very focused on you're gonna generate direct economic value for farcaster if you were on farcaster and so in a world where like you can actually create a repeatable growth model then like you can start to have a reasonable discussion but like marshmallow test like don't don't like try to just go do something because it's it you know it's like people just say that on crypto it's like build something that's actually working and i think jack and and and team have done an amazing job with that and we're excited to to take it from where it is today and and and really continue to scale
i think the other thing a lot of people don't realize who maybe haven't been as dialed into the clanker ecosystem is how many legos are built to assist people who launch a token so things like empire builder and just different ways that they're integrated super helpful so that's another reason to you know build on that launchpad as well i know you both have to go we're at that time any last thoughts or notes things that people should be aware of on what's happening next and what they should be looking out for
yeah i i think the team is really focused on
three things so the first is just like repositioning farcaster in a way that's easy for anyone who's not familiar with it or people who had a preconceived notion before reintroducing that in a way that it's easy if they go to the website we go to the app store marketing page we have stuff there app store review is tough but that's that's a process so that's gonna be over the next few weeks is to really try to get it so that it is a very clear value proposition for what why should i join for caster and and really try to nail that lot of experimentation i think the second thing is like make that initial experience around the wallet as compelling as possible but also social because the social component from our standpoint is actually the thing that is going to help create the retention and the differentiation then i think the last thing with clinker is integrating it more into kind of forecaster but i think importantly is we really care about people who are wanting to go launch something on chain and my door's open jack you know linda anyone on the team is what we really want as the feedback so that if we are making improvements to the clinker kind of product offering platform protocol that we can cater to anyone who wants to
do that because i think
if if we get this right you're gonna be able to have this discover trade create experience where you're gonna be able to come into forecaster you're gonna be able to find interesting stuff that's happening on chain interesting people that are doing stuff on chain you're gonna be able to do the core action of what people are doing is is is trading although you know the minting could could also be some component
of that right and then finally it's it's i think you get
to a point where it's like you've either met a bunch of people or you're working on a project and now you're creating and then you're using the kind of distribution that you get as a result of being on this network to actually benefit that and so i i think that is very much like what we're gonna be heads down focused on and we want it to a point where anyone on the network who's really passionate about forecaster should be able to have that pithy like you should use farcaster because of x and i think that's actually also been a thing over the last few years that's been tough because everyone has a different definition of it and so the simpler we can make that and clearer i think it actually really helps people grow the network themselves like in the sense that they they can convince a friend hey you should come and check this out
definitely gives a so for like i said past few years i've been teaching this class i've had thoughts of like onboarding them to farcaster and i didn't have a good enough reason this was the semester that it was like oh this wallet's really good and then seeing them use it and how easy it was this to me is a great entry point for someone who is not who is crypto curious but maybe doesn't know what they're doing it's gonna be a much more friendly environment and an easier wallet to grok before we let you go happy birthday dish
oh thank you
have a have a good one
thank you thank you
thank you for taking time
clicker update yeah so we've got a new extension coming out pretty quick pretty soon okay and i think it'll really be interesting to see how people use it so stay tuned for that
alright we'll be on the lookout thank you so much dan thank you jack we appreciate you guys being here we've had almost nine 9,300 plus people watching right now so thank you for popping in
thanks for having us
definitely our biggest show
today love it see you bye okay bye
we're gonna just wrap up with a few things but that that was fantastic so good to hear them a lot of what they're touching on too i feel like i wanted to just highlight this cast from ted because i think it sort of gives a little bit more context on which i'm not going to read but just you can look back on this later on in terms of like the farcaster strategy of trying to build from a content creator perspective and now kind of shifting that strategy to more on chain content creator perspective if you will for those who are creating tokens and projects and things like that so i think that's important one other thing we didn't get to talk about was this there's some discussion of like are you on team a or team b and to me this is like really silly being like barcaster clanker versus bait aura it's why not both both
yes all of them
all of them it's very much both a couple other things we didn't get to clarify with dan but i'll just highlight there were questions in the ama about any plans to launch a farcaster token still not as of the moment are you looking at acquiring other projects no and no so that was just an important point because there's always been this push for are they gonna is a farcaster token coming he has always said no and they and he said no and what would the token do and i think like when you're thinking about what clanker what the token is doing it's really what the protocol is doing but also that has a reason for existing so it gives it more value and long term possibilities adrienne anything else before we wrap up today this has been an awesome awesome show what i mean the
thing i'll say is about no the only thing i'll say is there's just so much happening on farcaster these days the rebrand
was less than a week ago and we
couldn't even talk about that with dan because
we don't have time for that
yeah so much has happened and there was like you know one week on farcasters a year anywhere else yeah so no i don't think anything
and we're here it's for those of you who are new who are just finding us and you're like who are these women and what are they doing we do this every every week three usually three times a week monday wednesday friday times vary mondays are usually 11:30 a m eastern wednesday friday usually 08:30 a m eastern we tend to do our forecaster news at the top for the first twenty nine minutes or so and then often bring in different guests who can chat about their projects that they're building on farcaster or in the base ecosystem or both usually often both so join us here and we'll be back on wednesday at 08:30am eastern and we have shaw makes magic is coming on wednesday like this is a banger week for guests
it's gonna be a very exciting week
so like you definitely wanna join us on wednesday and if you can't join us live our recordings are available everywhere youtube spotify apple anywhere you get your podcast just look for gm farcaster and you will find us also we're available on pods you can collect you'll be able to collect this episode on pods and hey you never know when that's going to lead to a clinker in your warblet so there you go one last note we do have cast out coming out if you are not familiar with cast out cast out is our farcaster survivor inspired game it is sponsored by the the fabulous clanker is one of our sponsors as well as splits aptos and purple is likely going to be the fourth title sponsor as long as that prop passes and it looks like it's going to so we are excited for that that is starting next monday you'll want to stay informed on that adrienne anything else i feel like that's been it's been a lot it's been a lot we covered it we're gonna have to make a lot of clips from this this one this is a good one
push are you listening
push we have we have things for you push and emma our other clippers are gonna be busy like both of our clippers are gonna be busy make sure you're following gm forecaster in all the places and we'll see you back here on wednesday which shaw makes magic very excited to talk to him about eliza and moving over and building on farcaster anything else adrienne what'd i forget i think that's everything all right everybody we will see you on wednesday and with that everyone bye bye
oh wait wait wait wait what oh wait what wait what
go
on wednesday we have two tickets to dev connect to give away forgot
to take
about that today
forgot about that
so we are doing a devconnect ticket giveaway on wednesday
alright so join here wednesday or look for more information about that on gm farcaster either on twitter or firecaster or baseapp and we'll share more about what that entails but we do have two devconnect tickets to give away i forgot all about that thanks for your money and with that everyone we'll see you on wednesday
thanks for joining us for this episode of gm farcaster and thank you to all our partners and hyper sub supporters bringing this episode to you follow the gm farcaster channel for all the latest updates and add our mini app on farcaster and the base app until next time bye bye