Decentralized social protocol Farcaster has temporarily halted new sign-ups for its deposit rewards program after exceeding its two-week target in less than 24 hours. Launched on October 14, the program offered a 10% reward on USDC deposits on Base, with weekly payouts of 1% over 10 weeks. Depositors who joined before 6:00 AM Beijing Time on October 15 will still receive the rewards. Farcaster plans to relaunch an updated version of the program soon.
Farcaster Pauses Deposit Rewards Program After Exceeding Target
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