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wake
@wake.eth
This is from today. Last night it had dipped to 1100000 $DEGENx estimated. Seems to have... recovered. Expecting volatility from cancellations but steady sailing so far ⛵
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Anemale🎩↑🔵ツ
@anemale.eth
Are the liquidations starting?
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wake
@wake.eth
My guess is they started as soon as withdrawals turned on. Users will withdraw too much without understanding how the streaming model works, cancelling their subs automatically.
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Anemale🎩↑🔵ツ
@anemale.eth
Yes, I think few know that the amount they can withdraw is what they have earned, meaning : your channel Earned DEGENx Is that correct?
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wake
@wake.eth
it's what they've earned, which is easy to understand. The tricky bit is STREAMING SUBS. If you sign up for 1500/month sub you're spending a percentage of that every second, not all at once. You can run outta degen to spend on subs well before the month ends. Withdrawing money accelerates that. Ppl overspend 🍿
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Anemale🎩↑🔵ツ
@anemale.eth
It's just math, but yes, thankfully, I got good advice: 'You can do it, set your channel at 1k, you'll see.' I thank her every day. 🫂✨
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