Degen

Farcaster

degen and ham chains were mistakes and they set the whole farcaster ecosystem back

im posting this after reaching out to @jacek and @deployer privately, but since they both answered that they have no plans on sunsetting the chains, i want to give a heads up to all other teams building their economies on farcaster:

don't launch you own chains

1. fc ecosystem only has a chance to work if there is a lot of liquidity in one place
2. separate chains fragment the liquidity and only benefit the passive token holders (less sell pressure) and mev bot operators (arbitrage between chains and pools). actual users pay in UX, mev and fees
3. devs who want to launch integrations with these projects are fucked because most infrastructure providers don't support these small chains

im building supercast wallet and it's beyond frustrating to see how close we were to having something truly great and how much harder it is to build a good UX on top of these projects because they selfishly decided to launch their own chains

1/3 Hey Degens, I wanted to share where we’re heading with the Degen chain and what to expect going forward.

We built the Degen chain to give our community a unique and fun space to build and discover dapps that fit a certain mold. At the same time, having our own chain gives us the flexibility and control to shape it based on the community’s needs.

We’ve heard concerns about liquidity being spread too thin, and we get it.  To address that, we’re working with some of the best teams in the space to roll out a new bridge that’ll make moving $DEGEN and other tokens across chains faster and easier. We’re also bringing in a new DEX to give traders and liquidity providers more options.

2/3 For developers, we’ve secured tools that will make building on Degen much simpler. We know it’s been a bit challenging so far, but that’s about to change. Plus, we still haven’t utilized airdrop 3 (about $70M in tokens), and at least part of that will go to rewarding community members who have contributed to the chain’s growth. So far, we’ve rolled out almost no incentives, but that will change soon.

This is a long-term project, and we’re just getting started. Our first step is to reduce friction for building and bridging, which will help onboard more users, devs and liquidity. After that, we’ll focus on bringing more great apps to the chain and supporting builders with additional incentives. If you’re building now, you’re ahead of the curve.

3/3 We believe L3s have a lot of potential. Degen isn’t here to compete with Base or other chains—it’s about creating a unique, fun space where the community has control and where we can experiment and build together.

We’ve got a lot of work ahead, but we’re excited about where this is going. Stick around—big things are on the horizon. Let’s keep building together.

pics or it didn't happen

NFA. Dev/Artist. Exhibited Internationally.

/daily-art-mint
/daily-fan-token
/scanography
/cyanotype

Need to put together an ecosystems page soon, but definitely /poidh  
is the big one for me right now!

Any suggestions on what to check out on the L3 at the moment?

Stick around, this is the sentence, we do it & trust! So as you say  degen  is a long term run, and we are here to see what's next! Thanks for this update

That’s what I’m talking about LFG Jacek, you’re the boss of all bosses 

The hat stays on 🎩🫡🤝

What’s great about degen is you’re never wrong! Keep pushing the limit!

job: token analyst. Talk to me about football, sports, crypto, outdoors, growth, econ, investing, chess

We’re just a community that’s having fun and building things. What features do you want to see?

In the last years I was closely following appchains but hardly anyone came up with unique features. what will you change in the blockchain configuration?

More liquidity, better bridging sounds good but who do you build this for? what kind of traders do you (expect to) see on degenchain? Which assets should they trade?

Memecoins do in part well because there is no token overhang, no more value extraction from early investors. Why do you think more inflation, (existing+) more ways to extract money is good for Degen and its community?

Degen L3 is too already too cheap to meter at this point, there is so much things that can be done, lfg Jacek.

Nice to hear everything in detail and I hope we'll see more fun things coming on degen chain