Degen

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.

Great cast  by Jacek about lockup vault and thx for the the transparency 🫡

im nobody to judge cause tbh its hard to come up with right decision to stop farmers. I cant come up with any solution so im not gonna say anything unless its too wrong !

Just want to say that below is my fav ss ( ss2 - 4 maybe ) cause everything was based on reactions tho. Price not the main point but it was fun lol

FID: 263574 l Reply for Life l NFTs Enthusiasm and Collector
seemore.tv/free/fc/tonyminh

I joined farcaster in April 2024 too and tbh it’s my best degen season too 
Everyone was tipping both newbies and OGs and it was exciting 
Now with the whole vault and lock up mechanism, people tip less cause tbh no one would lock up thousands of dollars just to reward other people 
It was a whole lot fun when the pillars of the community had more allowances 