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Frogzu🎩🍖 🎭
@gon
🟩 DEGEN INFLATION RATE AND LOCKING MECHANISM IMPACT Let's analyze this Circulating supply is 12500M $DEGEN Max Monthly DEGEN Emissions NOW ARE 150M (5M x 30 days) But real is less than 3M -> https://dune.com/queries/3692983 That is less than 1% monthly inflation And around 10% per YEAR ------------- Now imagine Impact in locking mechanism 103M DEGEN locked now That is only 0,8% But ¿What happen if 10% or 20% of total DEGEN is locked? Flyingwheel Effect If more people wants maximum allocation -> more demand -> more DEGEN Needed to have 0,22% of total DEGEN Staked Interesting Can we return to DEGEN 0,05$ ? Can we reach DEGEN 1$ ?
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baubergo
@baubergo-
The other side: People won’t stake because there's no point in staking 100k to get a 200 daily allowance or even less in the future. Locking a huge amount of stack for 3 months, being exposed to the market, without any assurance you will get something back, and we are not even talking about how this will badly affect the quality of the casts here. This will only concentrate degen into the hands of a few, leading to centralization, which we know is never a good thing. Most importantly, it seems the contract hasn’t been audited by an external company! This will become a massive honeypot without external auditing. How the hell people are not talking about this.
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Frogzu🎩🍖 🎭
@gon
Good points!! 107 million DEGEN locked now that is a very important amount of money with all weakenesses that @baubergo- points What do you think @wake.eth @especulacion @jacek ?
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wake 🎩
@wake.eth
I think it's way too early to draw /any/ useful conclusions.
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baubergo
@baubergo-
Agree. My main concern is what I mentioned last: security. Was the contract audited by an external company? How are people not worried about this? It's a huge honeypot, potentially holding millions of dollars, without a proper audit.
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Jacek.degen.eth 🎩
@jacek
We’ve done everything we can to minimize attack vectors and have secured peer audits from our side. Still, I think it wouldn’t hurt to have a seal of approval from a formal audit. I’ll look into that. @wake.eth
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Brais.eth
@chi
Go for it
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