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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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Melanin ツ 🎩💜✨
@0xmelanin
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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Alemac
@alemac
by prioritizing openrank you give the power to ‘og’ and people who don’t care a shit about degen. That’s mean that farming would be even higher imo.
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Jacek.degen.eth 🎩
@jacek
Agree, plus most OGs are already well-positioned, either bought in early or got a big airdrop. The goal should be to get DEGEN into more hands, not just keep circulating it among the same holders. If we give OGs $1M to tip, does that actually grow the holder base more than putting $1M into a targeted marketing campaign on X? I’d argue the latter is more effective.
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