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Jacek.degen.eth 🎩
@jacek
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 ツ 🎩💜✨
@0xmelanin
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🎩
@dummie.eth
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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Abbas🎩👾
@abbass.eth
+1 This reminds me of a short political story that happened in Lebanon. When a group of politicians was caught stealing from the government and was about to be replaced, the president realized that if he brought in new ones, they would likely do the same because greed is a natural instinct. So, he decided to keep the old ones, reasoning that they had already taken enough and would be less likely to do it again. Not saying the OGs stole thing but they had a huge piece of cake back in feb 2024. https://warpcast.com/abbass.eth/0x98d4564b
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Dvyne🎩
@dummie.eth
So real The bad will always be there, but the ones who never wanted this place to die will still make sure it doesn’t The OGs are still the ones with the most locked degen and giving to people more. Looking for new users? Let the project’s strength and community speak for itself If we hype degen on X, we’re only telling them to come join the farming
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