Latest WeYouMe Mainnet Node Commit [6.9.22]
Work continues on the WeYouMe mainnet node after many months of development progress. This commit includes many new features above and beyond the Whitepaper design.
• Federation Upgrades:
Federations enable groups of communities to combine into a structure that can display posts related to a range of subjects and enable discovery of new communities.
Users will be able to fund new and engaging communities easier, and community admins will be able to collaborate with aligned communities much more effectively.
• Namespace Management:
Accounts, Assets, Communities, Federations all use the global shared namespace, which now enables names to be purchased and exchanged for the activation of on-chain objects using a given name. Namespace registration fees, and namespace trading fees drive protocol revenue.
• Lending Pools:
New asset class enabling the creation of a private credit fund structure to issue undercollateralized loans to approved borrowers at fixed term interest rates, and return interest yield to multiple tranche levels based on credit risk exposure.
This enables entirely new classes of Defi Borrowing to occur outside of overcollateralized margin style loans. A share of interest yield drives protocol revenue.
• Recommendation Upgrades:
Audience cohort based recommendation system replaces the previously designed recommendation system to focus on content that has been viewed by accounts with similar interests to the viewer account.
Enables widespread discovery of popular content based on vote/view ratios in audience cohorts, with a global audience cohort at the top level for highly engaging content.
This means that creators have a greater ability to be shown to accounts on recommendation at the lower end, and the potential for massive recommendation flows to content that performs best across relevant audience cohorts.
• Federation and Community Rewards:
Federation admins and community admins now receive an allocation of MEC issuance as a reward, based on the stake weighted daily and monthly active users of their Communities and Federations.
This provides a direct reward to Community and Federation admins to encourage the growth of their userbase.
• Liquidity Pool Rewards:
Holders of Staked Liquidity Pool with an exchange pair to currency assets earn a portion of reward distribution.
This incentivizes liquidity providers for Liquidity Pools in addition to fees for liquidity providers to Currency asset pairs.
• Governance Rewards:
Creators of Governance accounts earn a share of reward distribution based on stake weighted daily and monthly active users.
This incentivizes Governance accounts to grow their userbase, and retain users by providing public goods and high quality content moderation.
This replaces the formerly designed Developer / Marketer / Advocate System, which has been deprecated and merged into Governance accounts.
• Content Reward Upgrades:
Posts now earn ongoing content rewards with multiple channels of reward curve, at various decay rates, overall extending the revenue lifespan of posts for multiple years in the long run by distributing funds to posts over a much longer time span, and incorporating the gain in votes and views alongside the overall amount of votes and views.
This encourages investment into the creation of higher quality evergreen content that can have a long shelf life of creator revenue.
• Ad Upgrades:
Streamlined the ad bidding and ad campaign management system to enable bids based on account on-chain transaction characteristics , and a new matching system to allow for much more fine tuned ad campaigns.
This enables a higher ROAS for advertisers and makes the on-chain self-serve ad exchange system more viable, increasing protocol revenue, and for users who benefit from earning a portion of the ad spend to reach them.
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