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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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Alistar☄️
@alistarphoto
I talked about Degen with Chat GPT and I got these answers : 1. Implement a stronger identity verification system to prevent the creation of fake accounts. 2. Create incentive mechanisms for users who contribute positively and genuinely. 3. Provide transparent reports on the performance and future plans for the token to build trust among users.
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Alistar☄️
@alistarphoto
Engagement-Based Reward System Instead of focusing on identity, focus on behavior. You can design a tiered activity-based rewards system that encourages meaningful participation while reducing abuse. • Proof-of-Engagement (PoE) System: Users earn points or badges based on engagement quality rather than just quantity. • For example, if a user simply comments “nice” multiple times, they get fewer points than someone who writes a thoughtful response. • AI or community moderation could help verify high-quality contributions. • Streak & Consistency Rewards: • Users who consistently engage over time (e.g., posting insightful content, participating in discussions, or completing specific tasks) get increasingly higher rewards. • A dynamic algorithm could scale rewards based on historical engagement rather than one-time actions.
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Icetoad 🎩 🍕 🎶 🐈 💚
@icetoad.eth
Identity system seems like a great idea. Moxie has done this with the various things that factor into the Moxie score now. 69 $DEGEN
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