$DEGEN

TLDR: +500k DEGEN of the 4.5M total is lost per day due to over-staking. See Dune query below. 👇🏼 

Long read:
Currently if you stake more DEGEN than is needed for a 10k allowance the excess allowance is still allocated to you. You are just not able to tip it so these DEGEN are lost.

A better way would be to distribute these excess $DEGEN to the stakers who have <10k allowances.

The following Dune query shows the impact of the current formula vs the formula that distributes all 4.5M DEGEN.

https://dune.com/queries/3911204

Since some over-stake Degen, part of the tip allowance pool becomes unavailable to everyone. Any ideas on a fair way to distribute those locked tip allowances to both over-stakers and other users? Someone staking a few million Degen should get some perks. We’d love to hear your thoughts!

what if instead of limiting it to 10k. anything you over-stake goes 50% to a new pool for over-stakers to get boost, 50% to the rest of stakers get a boost (to try and battle for the number go down forever problem)

CEO and Founder of $BLEU

Developing infinite memetics AI Agent @elefant


lebleuelefant.com

like i have no idea about the logic/math of this, but if we can convert over-staking from something that fucks everyone over something that makes everyone win i think we onto something