Samuel Fry | Fry Networks

@AlgoFoundation @StaciW_DC @fredestante And you guys wonder why projects are ditching Algorand for @solana and other EVM chains like @base Get your shit together, disband AF and give Algorand back to the community if you guys can't get it together 3/3 🧵

@AlgoFoundation We even created an open letter to you guys and sent it to @StaciW_DC, @fredestante, etc. and received nothing but crickets. The only person who responded was JAWs, and now he's the CTO of a DePIN project frynetworks.medium.com/an-open-letter… 2/3 🧵

Update on the status of the Project King Safety economic sustainability paper. The Foundation’s goal with the paper is to share thoughts on how to sustain staking rewards after January 2027, when the Foundation-provided rewards run out. The paper will explore both theoretical options for network sustainability – revenue (fees) and new token emissions for block proposers. In terms of fees, we explore both increasing transaction fees and building out an MEV capability. We know that there are a range of strong opinions in all three areas, and we have begun the process to collect feedback from the largest protocols building on our ecosystem, as they will be the most directly affected. We appreciate and have benefited from the many good-faith conversations we have had to date. We plan to release the recommendation paper in the next 30 to 60 days. Some additional notes: 1/ The challenge that we need to tackle is declining and uncertain staking rewards: stakers currently receive around 9.1 Algo per block, declining by a steep 1% every million blocks. Fees account for 0.05 Algo. If no action is taken, the rewards to stakers will drop to 0.05 Algo in January 2027. 2/ The original vision for Algorand was for the community to secure the network without the need for staking rewards, but that’s not what happened, and the Foundation ended up with 70% of the online stake. After introducing staking rewards, the total online stake is now almost 2B Algo, with the Foundation accounting for less than 20%. If the staking reward drops to 0.05 Algo, it is likely that overall network security will suffer. 3/ The Foundation welcomes good-faith community feedback and input on this paper, but the ultimate decision is in the hands of the staking community, as no proposals will be adopted unless the required protocol changes are approved by 90% of the online stake. 4/ Finally, there are longer-term questions that need to be answered, including how to fund core protocol development and create the right builder incentives. The Foundation believes that it is up to the community to self-organize around these topics and propose recommendations. The Foundation will support as needed.

@mcmaximz At this point AF should just give Algorand back to the community and dissolve imo

What can we do to make Staci resign asap?

@SMOKLM Please check your dms on here and tg when you get a chance please 😎

Is $ASTER doing buybacks at the same time the $460,000,000 Aidrop hit? Price is holding and even going up!

Check this out! We just posted our submission for @iotex_io's Crypto's Got Talent Season 2 app.akindo.io/wave-hacks/eae… on @akindo_io

@tinymanorg Wen @CoinMarketCap API fix?

💥 Right now, over $40,000 is sitting in Trigger and Recurring Orders on Tinyman — waiting to be executed. Why trade manually when you can automate it? ⏰ Time your buys. 📈 DCA your entries. 🎯 Let orders run 24/7. 👉 Try it now: app.tinyman.org/trigger?asset_…

@AlgoFoundation @haydotapp @alphaarcade frynetworks.medium.com/an-open-letter…

The Algorand ecosystem has been cooking: • @haydotapp went live and sold out their first token tranche in ~8 seconds and then their second tranche in ~9 minutes • @alphaarcade passed $2M in volume, and users can now place predictions in ALGO, USDC & even more ASAs, thanks to the @PeraAlgoWallet P.E.R.A feature • 60+ projects launched on Algorand via @42_berlin & @easya_app hackathons • @FolksFinance launched Algorand Ecosystem Isolated Markets • @tinymanorg hit an ATH with 100M TINY locked in governance • The Startup Challenges launched, with $125k in prizes available for participants • Aid Trust Portal launched, already used by @UN partners via @HesabPay_ • @UpholdInc launched Algorand staking • @GoPlausible delivered the future of AI agents on Algorand with Web2 logins that connect to the blockchain • @pact_fi launched rewards for POW liquidity mining and CCLPs • @Compxlabs announced major Orbital Lending updates • @cpayantmobile went live on the Algorand mainnet after joining the accelerator • @BubbaPay_ went live on Algorand • @Astro_Explorer_ added BTC and USDC to the arcade rewards • @Ghettopigeons dropped Pigeon Puffs • @axiomaticoracle went live on the Algorand • @proof_mint went live and launched at a TEDx event in India • @FracctalLabs has over 875 players in their Beta • @CosmicChamps introduced limited events

@PowerPod_People Do you guys have a more active helpdesk on a different site? Discord is crickets and I havent gotten my PowerPod refund yet :(

@andygeaux $FRY $fNODE

$ALGO #Altseason is coming soon ! $TINY $HAY $ALPHA $VEST $COOP will moon! 💯 What else? 🤔 #algofam

@Blockcreateio Wen site and rewards back up?

🎉 FIP-009 PASSED! ✅ 94 % of votes favored weekly “Fryday” rewards. Next steps: roll out weekly epochs alongside our dashboard rewards fix. Thank you for the month-long feedback & strong turnout! 💚 #FryNetworks #FIP009 #DePIN 👉

🚨 Reminder for #AIEdgeMiner owners & buyers! The Reward Boost is extended until Jan 1, 2026 🎉 ✅ More time to maximize earnings ✅ Extra incentive to secure more miners ✅ Greater value per device Don’t miss this extended window ⏳ #DePIN #FryNetworks

@FrysCrypto @XNET_Mobile @Coronastaco Ope, forgot to tag @xnet_fdn in the initial tweet 😅

I love going to a local food spot in @FrysCrypto hometown and place of operations Rochester, Minnesota and seeing DePIN miners deployed other than $FRY miners This @XNET_Mobile miner probably gets a ton of traffic at this location 😎 @Coronastaco #DePIN #AI #RWA

@FrysCrypto @XNET_Mobile @Coronastaco Food is amazing too

@techhustler Sending prayers your way! So sorry to hear this!

I've got to bury a dog today.

⏰ 1 hour to go! $FRY AI Node Miner AMA at 6:30 PM CDT (23:30 UTC) with 👤 Samuel Fry (Fry Networks CEO) 👤 Arslan Ali (Olostep Founder) Join live on Discord + bring Qs 🙌 #DePIN #AI 🔗 discord.gg/frynetworks

🚨 Tomorrow is the D-day. 🔔 AMA — 6:30 PM CDT (23:30 UTC) 👤 Samuel Fry | Fry Networks 👤 Arslan Ali | Olostep We’re unpacking the $FRY AI Node Miner, DePIN, and the future of the edge. Bring your questions, bring your curiosity. 👉 discord.gg/frynetworks #DePIN #AI #FryNetworks

🔔 AMA Reminder: FRI, Aug 22 — 6:30 PM CDT (23:30 UTC) Join us in Discord for a deep dive on the $FRY AI Node Miner with: 👤 Samuel Fry (Founder, CEO, & CTO | Fry Networks) 👤 Arslan Ali (Founder | Olostep) Bring your questions! #DePIN #AI discord.gg/frynetworks