$DEGEN

🤔 Why $DEGEN fail (temporarily）？
Please note that these are just observations and personal thoughts

- The decision to pivot from a community project to an conduit-built chain may not have resonated well with users. It's boring, rollups everywhere;

- Too generous with grants for projects that lack traction;

- Regarding $DEGEN staking, I'm uncertain if it was a wise decision. Perhaps it would have been cooler to maintain $DEGEN as a community-egaged memecoin with an coolest tipping layer on FC instead.

Still ❤️ the project, and fan of @jacek 
https://l2beat.com/scaling/projects/degen

Posted that shxt 4 months ago /degentokenbase @jacek 🎩

"The decision to pivot from a community project to an "conduit-built "chain may not have resonated well with users. It's boring, rollups everywhere "