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Jacek.degen.eth š©
@jacek
1ļøā£ The Lockup Vault ā 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: ā¢ Right now, a 1.9M DEGEN deposit gives you a 10K DEGEN daily tip allowance ā¢ If fully farmed over a year, this results in an APR of 184% š³ ā¢ Thatās 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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Jacek.degen.eth š©
@jacek
2ļøā£ Is Tipping Still Effective? Tipping was one of the best marketing strategies early on. It got DEGEN into the hands of new users, helped spread the brand, and encouraged people to recruit others. But the momentum seems to be slowing: ā¢ In Season 11, only 565 new wallets (that never received an airdrop before) got DEGEN. ā¢ Yet, we spent $1M worth of DEGEN in that round. ā¢ That means it cost $1.7K per new wallet to onboard someone via tipping. Thatās way too high for an acquisition cost, especially when thereās no guarantee that new wallets will stick around and engage long-term. If weāre mostly redistributing DEGEN to the same users, does tipping still make sense as a growth strategy? Or should we rethink how we use the treasury?
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Jacek.degen.eth š©
@jacek
3ļøā£ Whatās the Best Way Forward? Itās clear that: āļø The vault is allowing high-yield farming, causing huge inflation āļø New user growth is slowing, while the cost of acquiring wallets via tipping is too high This leaves us with some important questions: ā¢ Are we really getting enough value for the DEGEN weāre distributing? ā¢ Would a traditional marketing strategy (or another distribution method) be more effective? ā¢ Should we rethink tipping & lockup incentives to make them more sustainable? We need to ensure DEGENās distribution is efficient, sustainable, and actually driving growth. Would love to hear thoughts from the communityāwhat do you think? š
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Tim
@cryptim.eth
Imo the more you change the worse off itāll be. Focus more on x promotion and have kols talk about the token
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Ray F. š©
@cryptowenmoon.eth
This wouldn't change the farming and could bring more farmers.
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Tim
@cryptim.eth
If you want more people to buy and hold degen X has the majority of degens. I donāt think thereās a viable solution to avoid farming besides stopping the tip mech
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alex š©
@proxystudio.eth
this isn't product advice its a trader posting about trading
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