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0xpotus (🔵, 🎩) pfp
0xpotus (🔵, 🎩)
@0xpotus
Survey: What if I put X amount of Eth into Lido or Aave or any other platform that generates high yield on my Eth. (a) Then I setup a contract that takes a portion of the yield and acquires $DEGEN for me on a weekly basis - like DCA into $DEGEN using my yield. (b) or, Use yield generated on Eth to buy "DEGEN Tips" (more than my allowance) so I could tip more (c) or, Use yield to pay for a subscription service (ex. Supercast / insider trading channel etc) (d)or, Can you think of other DEGEN-related use cases via Yield Re-direction? Is this even a good idea or a stupid idea? Rain 10000 $degen . Write a detailed response to get free $DEGEN:
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HankMoody pfp
HankMoody
@hankmoody
Buddy: Right now, looking at the DEGEN chart, the best option is A). Buy DEGEN weekly at these prices. It's in a great area to accumulate!
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Jacek.degen.eth 🎩 pfp
Jacek.degen.eth 🎩
@jacek
I think it’s an awesome idea. DCA is a great strategy, and this could be a general-purpose tool for people to use yield to DCA into $DEGEN or other tokens. Using yield for tips, subscriptions, or other creative use cases makes it even more interesting.
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Syubidab 🎩💛⌐◨-◨ ツ pfp
Syubidab 🎩💛⌐◨-◨ ツ
@syubidab.eth
B. use it to buy degen for degen tipping dude !!
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Johnny Bravo 🎩 pfp
Johnny Bravo 🎩
@johnnybravo01
Most of us will obviously suggest that you use it to buy Degen Tips for obvious reasons of course haha, but you should do what feels right for you. 🎩
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Jeff Excell 🎩 pfp
Jeff Excell 🎩
@jeffexcell
I would recommend putting ETH into aave whatever. Borrowing usdc or stables Buying degen Tip more. Don’t leverage more than %10-20
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Mr AⓂ️ir 🍖🎩🌭 pfp
Mr AⓂ️ir 🍖🎩🌭
@cryptoglory
This is a smart idea as it effectively uses ETH yield to grow assets or enhance engagement within the $DEGEN ecosystem. You could allocate the yield to create a $DEGEN liquidity pool or support community-driven projects. Using the yield to buy DEGEN Tips and boost user interaction is also beneficial. With proper planning, this approach can contribute to the ecosystem's sustainable growth.
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Saint pfp
Saint
@saintiipapi
All options are valid , It depends on your goal at this point in time but i feel you could do both you can start with B and when you've reached the degen locking limit you can move on to A
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Oppai 🎩 pfp
Oppai 🎩
@0xethl2
B use yield generated on eth to buy 'degen tips'
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hawaii🎩🎭 pfp
hawaii🎩🎭
@ihawaii.eth
https://www.superform.xyz/cred/ you can deposit and earn some cred coins at the end of the season, which wraps up in 83 days. plus, you can score some nice apy—it doesn’t have to be usdc either. i deposited about $600 worth of degen there myself!
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Golden🎭🎩✨📖 pfp
Golden🎭🎩✨📖
@goldenelums
After reviewing everything, I wanted to emphasize that not all options are bad, but the best approach is (A)
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Hamta 🎩 pfp
Hamta 🎩
@hamta.eth
Bro ☘️
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Maria Bazooka pfp
Maria Bazooka
@mariabazooka
Great idea
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hermano.base.eth pfp
hermano.base.eth
@megajayar
it’s not a stupid idea. It’s just a way to stay involved without doing much extra work. Just make sure you’re aware of potential risks. B. Continue the degen tipping culture: Honestly, this idea makes sense if you're all in on the degen mindset. 🎩
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Luna✨🐈 pfp
Luna✨🐈
@lunalovescats
This is a ….
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Shazam ⚡️ pfp
Shazam ⚡️
@nawnaw
I don’t encourage option b cuz will hurt people that has a small amount locked hahah But option a looks cool to AKUMULATE more and who knows it gets to 1$ and boom u rich ahah My idea is whatever u gonna get Use it to help people that have none irl and why not drop some videos to encourage others to do so
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ŁΞℕ♾ℕ ⛃ 🎩Ⓜ️ pfp
ŁΞℕ♾ℕ ⛃ 🎩Ⓜ️
@lenonmc21
I would definitely go for option A and B, plus setting up a contract is something I would like to learn precisely because of what you mention, so I would buy DEGEN at these prices and average the price with DCA and then earn on the impulses. On the other hand, having higher Allowance is also a very good way to monetize your investment, as you support other creators, surely they will also support you.
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MM pfp
MM
@listen2mm.eth
Option A sounds the most promising to me, but of course increasing your allowance in Option B is the hardest to measure as it could multiply your network effect significantly. Could do a combo of both. You could add an additional layer to Option A, where you use part of your weekly DEGEN yields to buy /degendogs NFTs which will then get you even more DEGEN yield by way of streaming $WOOF directly to your wallet 🐶 woof!
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GeeGee🔥 pfp
GeeGee🔥
@nhp
You're making good points for earning more degen, but tbh if you're going to lock degen for more allowance and helping the ecosystem it's a community good point Unless you have some supporters to get back tips But I suggest using your yield to add to the LP for degen to help the community For personal profit I suggest buying degen when it's down because it's promising to go up again ( because obviously the hat stays on 😍) Another way to earn more degen is to set up @rounds competitions and include yourself to get a portion of what you put in the prize pool (better than rain) And if you create some kind of degen artwork and put it on zora.co to mint and put the price in degen But the best and easiest option is -as suggested by others- buying when it's down
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-your-woman- pfp
-your-woman-
@ronbaby
Option B is the best option, you’re not just getting degen alone, you’re also gaining more allowance, double win
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