Degen

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.

imo, let’s go back to prioritizing open rank, currently, account with low open ranks can lock and have the max tip and rotate with within all their accounts, but if open rank is prioritized more, this cuts that down

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I agree
Prioritizing authentic farcaster users over the amount locked 

Open rank was great for us, and even when people got 5 degen allo, they still got tipped based on their content 

The power can’t be placed on anybody if not it will be abused, put it in the hands of the right people and results will show

A few questions arise when you bring this up:

1. What was the most effective season/move that showed real growth?

2. I know tipping will last until 2028, but how long will airdrop 2 last? Is it worth it to keep changing the algorithm?

3. What happened to .degen domain boosts? (Not saying it should be a way of allowance, only a limited boost maybe? Those who bought were somewhat committed to the project.)

4. What could happen/change if you were to restart things?

5. What about boosts like the one Dan updated with the reward system (specific account engagements > less weight for bot-like/AI things for specific channels like /degen, /degentlemen, etc.)? You can pull the data.

6. Only IMO, favoring money isn't cool; it doesn't encourage newcomers to just lock degen for allowance.

I know these might not answer your question directly, but we might come up with something cool again.

+1 

This reminds me of a short political story that happened in Lebanon.

When a group of politicians was caught stealing from the government and was about to be replaced, the president realized that if he brought in new ones, they would likely do the same because greed is a natural instinct. So, he decided to keep the old ones, reasoning that they had already taken enough and would be less likely to do it again.

Not saying the OGs stole thing but they had a huge piece of cake back in feb 2024.

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So real
The bad will always be there, but the ones who never wanted this place to die will still make sure it doesn’t 

The OGs are still the ones with the most locked degen and giving to people more.

Looking for new users? Let the project’s strength and community speak for itself

If we hype degen on X, we’re only telling them to come join the farming

+1 

This reminds me of a short political story that happened in Lebanon.

When a group of politicians was caught stealing from the government and was about to be replaced, the president realized that if he brought in new ones, they would likely do the same because greed is a natural instinct. So, he decided to keep the old ones, reasoning that they had already taken enough and would be less likely to do it again.

Not saying the OGs stole thing but they had a huge piece of cake back in feb 2024. 

https://warpcast.com/abbass.eth/0x98d4564b

What era would you have preferred then

Cause there will always be bad eggs, you have to go for the lesser evil

Serious changes are required in open rank system because it just let top users farm, karbonbased farmed 100 thousands of degen in that era and after it changed he haven't casted since months