$DEGEN

Thanks @jacek but it is not the trust in you we have problems with. All degens trust in you and the team. The problems are various actors that tend to skew the rules in their favour and in this way penalise small degen accounts that cannot rise or get their fair share. Thanks for all the efort you put to the project. I Really appreciate it. I would never dreamed of having any kind of influence, even small, on any social platform.

We’re super happy to hear opinions like these! The part at the end really makes Degen worthwhile. This season, we hope players of all sizes get a fair shot at tipping and that we spread the love not just to the big accounts but to every corner of Farcaster, creating a rich mix of content!

With allowances capped, we need a smart way for large wallets to sponsor small wallets. Mayhaps time for you to consider letting wallets above certain sizes delegate their unutilized allowances (ie, whatever they'd get beyond the cap limit). Whitelist the function to the largest wallets with the longest hold times (Feb forward) maybe.

The Degentlemen 🎩

We did talk briefly about a "vouching" mechanism, where you could stake funds toward another account, but ultimately decided it was too complicated for v1.

Maybe time to bring it back?

Metanations
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prev 🌱 acorns.com

think so. but even I won't be able to guarantee any particular allowance at the rate the vault is growing. i could stake 300m today, take half the pool for me and mine, and be whittled down to dust within a month.

entropy will keep rising unless something pushes it back toward equilibria

I think there are ways to counteract it, we talked about making vouches a refund mechanism, so that payers who can prove they transacted with a wallet can reclaim some percentage of the transaction from the receiver's vouches.

The refund would then partially go to paying staking rewards to other users who had vouched, and would create a meta where you could send someone DEGEN and try to deplete their vouches at the cost of the delta between payment and refund.

Ideally, once people have some fun with it, it becomes sorta like purchase insurance for lame frames or fraudulent commercial transactions

Here's an example experience:

I vouch 500 DEGEN for @wake and you get extra tipping allowance

@jacek thinks you have too much tip allowance, so he sends @wake 500 DEGEN and hits the refund contract

- 250 DEGEN is slashed from my vouch and sent to @jacek
- 175 stays staked for @wake, and
- 75 goes into a yield pool split by all other vouchers

So the P&L is:
- @wake | +500 DEGEN, -tipping allowance
- @jacek       | -250 DEGEN, +tipping allowance
- @cadillion  | -325 DEGEN, -tipping allowance, +yield
- vouchers    | +yield, +tipping allowance

So individual tippers are incentivized to vouch for people who won't get slashed, and to buy the future tip allowance of people who are overrepresented

can you ELI5 that for me? sounds interesting but i'm not getting it,.