<aside> đź«‚ Airdrop 2, Round 2 is live! Details here Round 2: AlfaFrens Buildathon (10/06 - 23/06)
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AlfaFrens is a SocialFi app on Farcaster for gated alfa chat subscriptions powered by Superfluid and $DEGEN on Base.
Start a gated chat and post secret content for subscribers’ eyes only. Announce the latest memecoins, commentate trades on your linked wallets or even post subscription-gated advice to drive the bull market.
While you’re spending $DEGEN, you earn $ALFA every second — a token you can use to stake on creators. The more staked on a creator, the more $ALFA issued to subscribers.
Staking on a creator earns you revenue share from that creator’s subscription income. Stake on the right creators for the chance to earn a lot more than you’re paying.
Your AlfaFrens account is a smart wallet on Base generated from your Farcaster login. Its generated when you sign up, and you’ll need to deposit $DEGEN to it on Base to subscribe to channels.
Subscriptions are paid by the second in $DEGEN using Superfluid money streams, and distributed in real time to creators and stakers. The AlfaFrens app automatically upgrades your $DEGEN tokens to $DEGENx Super Tokens, a 1:1 wrapper which enables streaming. These funds are downgraded when you withdraw funds or can be streamed onwards. Superfluid subscriptions only incur a gas cost for starting, stopping or modifying the stream and not in the middle, owing to Superfluid’s unique token balance properties.
AlfaFrens lets you pay for the gas costs with $DEGEN using the power of Account Abstraction. When the network is congested this can be quite expensive, so consider waiting until later.
Do not let your $DEGEN balance hit zero or else your subscriptions will stop and claimable ALFA will be reset to zero. You should claim your $ALFA then cancel your subscriptions instead. We may add additional penalties for this behavior later.
$ALFA is the token of AlfaFrens and is earned every second while subscribing, but must be claimed to use. Your $ALFA only accrues for up to 24 hours, so make sure you come back to claim it! Stake your $ALFA on creators to earn $DEGEN. $ALFA is not currently tradeable but may become so in the future.
You can stake $ALFA on any creator chat you like to earn a share of the creator’s revenue in $DEGEN. At launch, the split is 70% to stakers with 25% to the chat creator to maximize growth, but we envision making this configurable later.