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Jacek.degen.eth 🎩 pfp
Jacek.degen.eth 🎩
@jacek
1/5 On Base, we’re the 3rd largest token by wallet holders, trailing only USDC and WETH. Our recent distribution round has placed Degen in the hands and minds of nearly everyone on Base, and our reach extends beyond. The question now is: how do we build value for Degen holders?
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Coop
@coopahtroopa.eth
Combo of all the above. DEGEN will win because it is the most wallets and the most broadly distributed token on Base. Price now is in a great spot to be getting new people in. Just need a good reason to keep them there (staking on Degen Chain) and we're off to the races. 1000 $DEGEN
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Jacek.degen.eth 🎩 pfp
Jacek.degen.eth 🎩
@jacek
Staking rewards are great if they come from a sustainable income stream, not a dwindling treasury. Do they come from a yield mechanism like Blast, locking up tokens on Compound, or from sharing profits from sequencer and bridging fees?
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Coop
@coopahtroopa.eth
Sharing profits from sequencer and bridging fees. IMO the entire focus should be on making Degen Chain a fun place to transact that also creates recurring onchain revenue under the hood. Staking should increase your capacity to play those games and let you earn a % of the wider pot
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 Frogzu🎩🍖 🎭 pfp
Frogzu🎩🍖 🎭
@gon
Staking and Launchpad/Launchpool could be great https://warpcast.com/gon/0x3995ba61
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kompreni 🅱️ ⚡ pfp
kompreni 🅱️ ⚡
@kompreni
Your moat is your holder base. Staking incentives can come from third parties. There are different types of incentives and they don't need to be baked into the DAO so-to-speak. For instance (and full disclosure): I'm a third party with a protocol with staking incentives for $DEGEN for new token launches.
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CryptoPlaza🎩Ⓜ️💜 OG449 pfp
CryptoPlaza🎩Ⓜ️💜 OG449
@especulacion
It is important to take into account the cost of capital, currently 500 million. If we can use it as collateral, it opens up a lot of financial muscle for the ecosystem without having to sell
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ciefa 🐌 eth/acc pfp
ciefa 🐌 eth/acc
@ciefa.eth
Do it like we do at Nova DAO :) Open LP positions, distribute the rewards to the holders. If you want to talk about this, hit me up. Check up /defigirls if you want to get an idea of how we do it! :) I have some more ideas in regards to your OP, will share them later today.
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Lunsen
@lunsen
5 $Degen
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