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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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Jacek.degen.eth 🎩
@jacek
2️⃣ Is Tipping Still Effective? Tipping was one of the best marketing strategies early on. It got DEGEN into the hands of new users, helped spread the brand, and encouraged people to recruit others. But the momentum seems to be slowing: • In Season 11, only 565 new wallets (that never received an airdrop before) got DEGEN. • Yet, we spent $1M worth of DEGEN in that round. • That means it cost $1.7K per new wallet to onboard someone via tipping. That’s way too high for an acquisition cost, especially when there’s no guarantee that new wallets will stick around and engage long-term. If we’re mostly redistributing DEGEN to the same users, does tipping still make sense as a growth strategy? Or should we rethink how we use the treasury?
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Jacek.degen.eth 🎩
@jacek
3️⃣ What’s the Best Way Forward? It’s clear that: ✔️ The vault is allowing high-yield farming, causing huge inflation ✔️ New user growth is slowing, while the cost of acquiring wallets via tipping is too high This leaves us with some important questions: • Are we really getting enough value for the DEGEN we’re distributing? • Would a traditional marketing strategy (or another distribution method) be more effective? • Should we rethink tipping & lockup incentives to make them more sustainable? We need to ensure DEGEN’s distribution is efficient, sustainable, and actually driving growth. Would love to hear thoughts from the community—what do you think? 👇
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Abbas🎩👾
@abbass.eth
A few questions arise when you bring this up: 1. What was the most effective season/move that showed real growth? 2. I know tipping will last until 2028, but how long will airdrop 2 last? Is it worth it to keep changing the algorithm? 3. What happened to .degen domain boosts? (Not saying it should be a way of allowance, only a limited boost maybe? Those who bought were somewhat committed to the project.) 4. What could happen/change if you were to restart things? 5. What about boosts like the one Dan updated with the reward system (specific account engagements > less weight for bot-like/AI things for specific channels like /degen, /degentlemen, etc.)? You can pull the data. 6. Only IMO, favoring money isn't cool; it doesn't encourage newcomers to just lock degen for allowance. I know these might not answer your question directly, but we might come up with something cool again.
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Anas.degen.eth Ⓜ️🎩🎭
@0xmugiwaraanas
You literally said all 🎩🤝
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Shazam 🇵🇸
@nawnaw
You really said what I had in my mind about degen domain names
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