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Jacek.degen.eth 🎩
@jacek
1️⃣ The Lockup Vault – A Bad Deal for DEGEN? The vault was designed to require users to hold DEGEN in order to receive daily tipping allowances. The idea was that this would reduce sell pressure and incentivize long-term commitment. But the numbers tell a different story: • Right now, a 1.9M DEGEN deposit gives you a 10K DEGEN daily tip allowance • If fully farmed over a year, this results in an APR of 184% 😳 • That’s a massive ROI for a short lockup, creating huge inflation in the ecosystem This raises a key question: Are we getting enough back for giving out these rewards? Right now, it looks like the system is disproportionately benefiting farmers rather than long-term ecosystem participants.
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Box 🔵 🎩 🐹
@boxbros
Interested to see how this develops, been in DEGEN since the start(Valentines Day was epic!) and still bullish. Maybe a burn mechanism or a partnership with new projects where you could tip out their token for locking DEGEN? Could be sort of like a launchpad for new tokens with a unique distribution method.
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