$DEGEN

1/3 Hey Degens! We’ve just released the Degen Vault! Lock your tokens now to receive a tip allowance starting July 11th, UTC.

1/3 Hey Degens! We’ve just released the Degen Vault! Lock your tokens now to receive a tip allowance starting July 11th, UTC. https://www.degen.tips/airdrop2/current

2/3 Lock at least 10k $DEGEN for 3 months. Add funds anytime, but the 90-day lockup resets with each deposit. Tip allowances are proportional to your locked amount. Hold 1% of the pool, get 1% of the daily tip allowance (4.5M $DEGEN/day). Max tip allowance: 10k $DEGEN daily.

I have a question 🙋🏻‍♀️ 
If one person locked 3m and total pool lock be 100m, the person get 10k allowance tip
He locked 3% of the pool but get max daily 10k, While the real allowance is 135k
,It’s true that he didn’t get this allowance, but he has a large share of the pool, isn’t his excess share calculated for others?
The allowance of other people is calculated from the remaining 97%?

Degen

Someone confirm my suspicions here for how degen whales will crush minnows.

Whales can put in millions of degen and even if they have a cap of 10k allowance their “overstaking” will make small accounts have less allowance than they would otherwise.

Simplified example: say 1000 minnows stake 10 degen, and 10 degen whales stake 1000 and allowance is capped at 10k.

20,000 total
1% = 200
Whales are "overstaking" by 800 (80%!)
10 degen investment is 0.05%
Whales get 10k allowance
Minnows get 5 allowance

If the whales staked 150 instead of 1000:

11,500 total
1% = 115
Whales are still overstaking by 35 (still ~30%)
10 degen investment is 0.087%
Whales get 10k allowance
Minnows get 87 allowance

People are being encouraged to stake a lot, and all the whales overstaking will drastically reduce the allowance for everyone else. But since there's a lock for 3 months, overstaking can't even really be fixed, nor will some whales care that they are overstaking and hurting all the minnows.

Is this how it works?

I had the same thoughts/questions. Wrote up examples here.
I am very curious if this is actually how it will work, because whales will just crush the allowances for all us minnows and for no good reason because it's just "overstaking" for them.

I had the same thoughts/questions. Wrote up examples here.
I am very curious if this is actually how it will work, because whales will just crush the allowances for all us minnows and for no good reason because it's just "overstaking" for them.

https://warpcast.com/bluecockatoo/0x643a685d