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Jacek.degen.eth 🎩 pfp
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: β€’ Right now, a 1.9M DEGEN deposit gives you a 10K DEGEN daily tip allowance β€’ If fully farmed over a year, this results in an APR of 184% 😳 β€’ 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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Hamed πŸΉπŸ–πŸŽ©πŸŽ­ pfp
Hamed πŸΉπŸ–πŸŽ©πŸŽ­
@hamedfanayi
Just burning token plan can save DEGEN.If you really want to hear the voice of the community, see what they think about burning tokens plan.The solution is to burn equal DEGEN airdrop in every season. You should reduce the inflation by burning tokens and think about the use of DEGEN, not just the production of Degen. I always have a question, why despite the fact that DEGEN is listed in Coinbase, the volume of DEGEN purchases is very, very small
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