The problem is that whilst tips (and the tipping meta) are fantastic on an ad hoc basis with respect to recognising quality activity; this can often be sporadic, stochastic and lacking in sufficient size to attract or retain the level of talent, activity or impact possible. A deadweight loss i.e. talented individuals mightn't receive adequate recognition for their contributions, leading to potential underinvestment in their efforts.
TOTH seeks to rectify this by aggregating tips and setting clear standards for how these collective awards are earned. The idea is that each season there is a focus on a key theme. Season one will be creating guides for dapps powered by farcaster and/or degen and/or base. The season two theme will be determined the community.
So for season one, each day there is a featured dapp that users make guides for across platforms including tik tok, youtube, twitter, farcaster, lens etc. This activity is submitted to the TOTH infrastructure that has been developed by leovido.eth, for adjudication by the community who rewards the top guide cast with the collective tip amount.
Through the automated tipping tool users are able to ensure allocation towards builders or creators progressing and proliferating the onchain movement. Through the nomination and voting mechanism we are able to inject governance into a process that was historically organised by a small band of individuals (0xen began the tradition - https://paragraph.xyz/@papajams.eth/funding-the-future-on-farcaster-and-beyond-with-dollardegen)
For version one the idea is to focus on degen and concentrate the usability within the TOTH channel. For version two, in future, the idea is to decentralise the ability to aggregate tips on a channel by channel basis. With the capacity for each channel to set themes that matter, and integrate the infrastructure to undertake governance by frames to autotip and reward/incentivise those forwarding that channels goals.
Scope: requirements were set for v1.0.0 in a doc where @papa, @markcarey and @cterio collaborated together to shape the direction of development. We followed the: given, when, then approach for settling on features.
Challenges
Next.js
UI improvements
Signers
Tracks Applied (1)
UNPLUGGED with Nouns
Technologies used
Cheering for a project means supporting a project you like with as little as 0.0025 ETH. Right now, you can Cheer using ETH on Arbitrum, Optimism and Base.
Discussion