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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 💭💜
@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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Dvyne🎩
@dummie.eth
I agree Prioritizing authentic farcaster users over the amount locked Open rank was great for us, and even when people got 5 degen allo, they still got tipped based on their content The power can’t be placed on anybody if not it will be abused, put it in the hands of the right people and results will show
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Lil bangs 🔵🐸
@banger01
Serious changes are required in open rank system because it just let top users farm, karbonbased farmed 100 thousands of degen in that era and after it changed he haven't casted since months
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Dvyne🎩
@dummie.eth
What era would you have preferred then Cause there will always be bad eggs, you have to go for the lesser evil
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Lil bangs 🔵🐸
@banger01
I agree, and I want open rank system back but the thing is that I said there should be some improvements that will prevent farming of those top ranks and don't leave newer users with 5 degen cause it will only discourage them. Maybe divide allowance other way that low rank people are not left with only 5 and everyone with 0.5 or 1 score should get 500 degen and allowance should increase on this ratio.
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artlu 🎩
@artlu
+openrank - karbonbased = degen communism
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Dvyne🎩
@dummie.eth
That’s a good idea
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