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Jacek.degen.eth 🎩 pfp
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: β€’ Right now, a 1.9M DEGEN deposit gives you a 10K DEGEN daily tip allowance β€’ If fully farmed over a year, this results in an APR of 184% 😳 β€’ 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 πŸŽ©πŸ’œβœ¨ pfp
Melanin ツ πŸŽ©πŸ’œβœ¨
@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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Sammyfrello pfp
Sammyfrello
@sammyfrello
Farmers can easily have max allo by just locking up degen and continue but prioritizing open rank reduces this
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Alemac pfp
Alemac
@alemac
by just locking? You need to put YOUR money in. With openrank, there were more farmer extracting degen without caring a shit about the proyect.
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