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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: • 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.
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NFThreat
@nfthreat.eth
the thing is that there is a lack of new users in Farcaster itself
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Jacek.degen.eth 🎩
@jacek
💯
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gogol on meth (🔵,🔵)
@gogol
thats the main thing the other is marketing is not good enough, e.g. I tipped Bob Burnquist (legend skater in FC) that usually shared good content and I was chocked when I realized it was his first and only tip this season. So not just a farming issue, locking method (which btw, I would auto-extend at maturity and make a 7 day lock-out period since then), it is also an issue with FC support to you/ham tipping philosophy, they should help you guys to integrate easier and not leaving It fully to community rooted solutions (e g Nicolai frames. Etc)
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🍖🦙🎩
@hammallama.eth
We see how borked the spam labels are Open rank is similar to the moxie system, infer what you will Need a balance of 3 categories---- Make on-boarding a priority for degen allowance, let users tip degen to an account that creates codes for users to sign up for free. This presents a problem too in that users will just create alternate accounts that are "new" so would need tuned for new unique users only Reward creators for their contributions Reward those who lock degen in the vault
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