WarpC0st
@warpc0st
I don't think people realize how many others use $Degen as a base or an index for base coins. Farmers/extractors of $Degen are suppressing the entire $base ecosystem.
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Melissa Burr 🍓
@burrrrrberry
@jacek this is my partner Costco who I just recently onboarded 🫡 We have been talking about this at length today. Get their extractive asses out of here 🔥
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J Finn 🎩
@jdotfinn
you think it's farmers exclusively? also seeing many comments along the lines of it being linked with Binance Futures traders as well keeping it down ... either way, something is up with the way the 🎩 is being kept down imo
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Melissa Burr 🍓
@burrrrrberry
Mountains of degen are being siphoned out monthly by farmers locking and tipping themselves. People look at degen as our standard. Seeing it constantly suppressed is awful for all of us. The farmers extracting aren't building frames or communities. They need to be eliminated in this current environment imo. I do feel some level of preemptive transparency is required. I disagree with some previous messaging that supported "paid group" A clear set of rules is necessary and a "don't let the door hit you on the way out" for the egregious farmers.
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J Finn 🎩
@jdotfinn
definitely get them out ... but also, Farmers who tip each other can only sell at month end at Claim, which isn't our only problem right now, there has to be more factors. it is either something to do with Futures trading (leveraged Shorts) or the Mint Club route as well, no?
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WarpC0st
@warpc0st
I think it's a combination. If sell offs are happening the day before/of/after the claim, people are also shorting/selling spot in anticipation of the dumped claims.
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Melissa Burr 🍓
@burrrrrberry
I'm hosting a space with Jacek this Thursday. Looking to digging into all of this with him 🫡🔥
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