$DEGEN

Jacek just announced they are cooking up the allowances going forward (not this season). Notes of staking/locking up to incentivize long-term holders rather than farmers. 

I feel like this is a good move. Incentivizing the holders rather than those who try to game the system. 

What are your thoughts?

@jacek and team, please remember your roots and what helped you build such a strong community around DEGEN. Engage with the builders and active users instead of relying on feedback from just a few posts in the timeframe of 3 days.

If you don't have the time to be here frequently, arrange a group that can provide ongoing feedback. Avoid shouting out decisions at the same time a dump is happening as this can send the wrong message, especially if they can be related somehow, even if it wasn't your intent.

Some great builders and users you should stay in touch: @edit @undefined @nonlinear.eth @matthewfox @rjs @nikolaiii @maretus.eth @apex777 @meguce and many others.

Degen

Allowance system is changing again. Who in the community are the DEGEN team listening to? Almost everyone I’ve talked to really likes the new allowance system. 

It’s not a good look to continue changing things so rapidly. It gives me major “we’re trying to fix the current downtrend in price” vibes. 

Did we really even give the new @openrank allowance system enough time to cook before deciding to try something else?

I think this is very dangerous tbh. 

Here's my two cents:

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/project /bid /replyors https://newsletter.ambassadors.gg

I think this is very dangerous tbh. 

Here's my two cents:

https://warpcast.com/baubergo-/0x7f93862c

https://warpcast.com/maretus.eth/0x996591a6

IRL: Creative Director who makes movies and ads.

The openrank system has been active for 18 days. Only 18 days. There wasn't time to measure it efficacy.
imo it's a good system, so there's no need to rush right now. 
All I can see rn is that this move is an answer to a market downturn, which is not ideal. I believe devs shouldn't base their decisions on market fluctuations…

I agree to a certain part 

Nothing is final yet and its still up for them to cook 

But I think incentivizing holders to stake/lock is good but that shouldn't be the only metric still. There are a lot of issues with openrank in terms of people getting big allowances without much reputation and I still think that needs fixing. 

The challenge to the team is to find a balance (liquidity, participants, investors, etc) which isnt very easy atm 

I'm glad that they're bringing this up right now so there is still a few weeks to improve this

20 $DEGEN