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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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adexmakai.degen.eth
@adexmakai.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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Alemac
@alemac
Agree. There were more farmers with openrank. They don’t have to put their money, they only have to farm degen to sold each new month. We need new measures, not back to the past issues.
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adexmakai.degen.eth
@adexmakai.eth
That's exactly my point. Thank you for acknowledging this.
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