reply guys

okeee, i did a thing. i staked. 🤷‍♂️ 

i'm not happy about it, but i'm at peace with it. or so i tell myself today. i staked what i earned last season. that degen came from the degen fam, and it somehow felt right to put it back into the community even if i disagree with the current state of things.

i've been impressed with the way jacek and the degen team have been open to suggestions on how to improve the system, so hopefully they iterate quickly as usual. 

most importantly, they must find a way to address the number-go-down issue. the tipping game is a GAME and when people play games they like to go up the leaderboard, not stake a bunch of money and see their allowance go down every day. and that's the only direction it can go for 90 days! you don't need to have a masters in psychology to know that it is demoralizing to watch your allowance go down literally every day. but what to do?!?

continued...

-re-prioritize openrank. either with additional points in the bonus pool or by reducing the impact of the staked amount. personally, i like a 50/50 split. i can somewhat understand the need to prioritize staking, but not the need to abandon openrank and engagement as a factor. quality engagement is too critical. 

-guarantee an allowance at the time of staking. you stake an amount, this is your allowance for the 90 day lock period. maybe this isn't viable and there needs to be a floor instead? for example, when you stake, the allowance is 2K. the floor says it won't go below 1.5K this lock period. 

-scale up the allowance pool and max allowance as the locked amount grows. the distribution pool shouldn't be finite.

-cap the % that any one staker can impact the pool. this is supposed to be fun, no reason to let bad actors and selfish degens reduce the already small/shrinking allowance pool.

-redistribute openrank bonuses of non-stakers so its not wasted

ty 🙏

Degen

I made another query that lets you simulate what things might be under different total daily allowance, allowance cap and staking cap scenarios.

Try it out and see if you can get better outcomes than I did.

Just adding a staking cap of 800k got rid of almost all overstaking and helped push the minimum stake for maximum allowance (MSfMA) down too. It's too late to do that now, of course, but capping staking at 1m would have been a good idea for everyone. Not enough thought went into this beforehand.

Adjusting the allowance cap down makes the MSfMA go up, and that's not great, even though it helps reduce overstaking.

Adjusting the amount of daily allowance doesn't have an affect on overstaking, but can lower the MSfMA which really doesn't mater now that most people who were going to lock have already done it.

Capped staking would have been the real fix for this so that's sad. Not sure how to adjust the allowance algo without some really fancy math now.

https://dune.com/queries/3912919

Interesting ideas.

I wrote a query today to figure out if there is a way to fix things by adjusting the allowance and caps numbers and the only way to do it with those is by capping the amount staked which is impossible now that everything is locked. 

So they are going to have to bring something like the social rank back in to give non-whales some kind of relief... especially since everything is stuck for 3 months now. That's a LONG time to not be able to flexibly fix mistakes.

Interesting ideas.

I wrote a query today to figure out if there is a way to fix things by adjusting the allowance and caps numbers and the only way to do it with those is by capping the amount staked which is impossible now that everything is locked. 

So they are going to have to bring something like the social rank back in to give non-whales some kind of relief... especially since everything is stuck for 3 months now. That's a LONG time to not be able to flexibly fix mistakes.

https://warpcast.com/bluecockatoo/0x5fdf5770

GenX girl who learned the hard way 🔹 lifelong artist 🔹 software engineer 🔹 curator of conversations 🔹 made /blend-o-rama 🔹 thinks you're cool

what's worse is that the lock extends every damn day. it's not a 90 day problem until the stop allowing locks. 

what if they adjusted the algo to not look at a percents % of the pool beyond the max contribution?

it'd piss off the people who locked big amounts, mainly the 15M person, but couldn't you just like...work something out with them? plus, that's prolly jacek lol

The 15m wasn’t Jacek. There’s a query that shows you who posted.

I don’t know if Jacek has locked any himself yet. Lol.

Whhhhy did someone lock almost 15 MILLION degen?
That's going to push allowances down so much for all the people who can't afford to stake large amounts because it has a huge impact on lowering their percentage. 
There's just no benefit for anyone to do that with the 10k allowance cap!
And now we're all stuck with it for 3 whole months!

Yeah, I posted about it the lock a couple days ago and intentionally didn't share the name, but here's a leaderboard query where you can see all the top stakes.
https://dune.com/queries/3908405

I saw comments from the person in several threads and they just seem genuinely excited about supporting degen. It's just a shame that overstaking that much wasn't the best way to support the community around it.

https://warpcast.com/bluecockatoo/0x2b53b811

do you have the query? do you know who staked the 15m?

25 $degen