Melanin 💭💜 on Farcaster

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Jacek.degen.eth 🎩 pfp

Jacek.degen.eth 🎩

1️⃣ The Lockup Vault – A Bad Deal for DEGEN? The vault was designed to require users to hold DEGEN in order to receive daily tipping allowances. The idea was that this would reduce sell pressure and incentivize long-term commitment. But the numbers tell a different story: • Right now, a 1.9M DEGEN deposit gives you a 10K DEGEN daily tip allowance • If fully farmed over a year, this results in an APR of 184% 😳 • That’s a massive ROI for a short lockup, creating huge inflation in the ecosystem This raises a key question: Are we getting enough back for giving out these rewards? Right now, it looks like the system is disproportionately benefiting farmers rather than long-term ecosystem participants.

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Melanin 💭💜 pfp

Melanin 💭💜

imo, let’s go back to prioritizing open rank, currently, account with low open ranks can lock and have the max tip and rotate with within all their accounts, but if open rank is prioritized more, this cuts that down

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Dvyne🎩 pfp

I agree Prioritizing authentic farcaster users over the amount locked Open rank was great for us, and even when people got 5 degen allo, they still got tipped based on their content The power can’t be placed on anybody if not it will be abused, put it in the hands of the right people and results will show

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Alemac pfp

by prioritizing openrank you give the power to ‘og’ and people who don’t care a shit about degen. That’s mean that farming would be even higher imo.

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adexmakai.degen.eth pfp

adexmakai.degen.eth

Your idea has been used before, and it had a very bad outcome. Of tipping is to continue, and the Degen team needs to come up with a unique algorithm that would work specifically for this tipping. Adopting algorithms won't help the matter at hand. So I will propose stop to tipping.

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Archilles ༄ 🎩 pfp

Archilles ༄ 🎩

This is smart I genuinely feel most farmers make use of accounts (most times new accounts) to farm And incorporating the open rank with tipping should reduce their activities drastically

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homie pfp

Agree completely! It seems like the better bet was against locking and more towards quality activity.

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Railway Builder pfp

Railway Builder

@railwaybuilder.eth

This would actually cut farming down since it’s not by locking up Many farmers can just have max allo by locking without being active or promoting the project

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Kelvin🎩 pfp

I totally agree with you on this one Openrank has always been effective since the day it was introduced

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Monika pfp

Is the worst idea and it didn't worked

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Queen pfp

Openrank has done more harm than good. You can't just give OGs huge degen allowance just because of their open rank number and expect them not to tip their friends, families and their newly created accounts. Since they got the allowance for free without risking anything for it.

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Abu🎩 pfp

😂 you guys are becoming more cult here @azippy

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