$DEGEN

1/5 On Base, we’re the 3rd largest token by wallet holders, trailing only USDC and WETH. Our recent distribution round has placed Degen in the hands and minds of nearly everyone on Base, and our reach extends beyond. The question now is: how do we build value for Degen holders?

What set DEGEN apart from other projects was the unique combination of memecoin + SocialFi, which fostered a robust community. 
Without careful direction, we risk becoming just another generic project, which is exactly what we want to avoid imo.
How can we continue to build projects that leverage this SocialFi uniqueness, especially since we are still the leaders in this territory?

Staking is common in crypto. 
Imo, Degen should leverage the SocialFi elements that built its strong community. How can we take a typical feature like staking, present in over 70% of projects, and integrate it into SocialFi?

One idea is to provide access to gated channels with DAO-like advantages. We need to keep improving the innovation in Farcaster to strengthen our community bonds. We already have @hypersub (@nonlinear.eth) as a potential infrastructure for gated channels. By adding staking as an additional requirement, we could create various channels with staking thresholds to unlock powers or perks, all related to DEGEN.

cc: @jacek

IRL: Creative Director who makes movies and ads.

Staking advantages for example:

https://warpcast.com/baubergo-/0xd7ee4235