SuperRare

$DEGEN

my thoughts on making degen lock up better

1. get a degen allowance based on your % of staked degen in the pool 
2. 50% of your degen allowance can be tipped, other 50% is claimable by the staker next airdrop
3. if you don't tip your allowance you can't claim your airdrop (if you tip 10% you can claim 10%)

Casting this to /superrare because SR tipping system includes 5% claimable by the tipper. How are people responding to that so far @humanzero?

I think 50% proposed by @robrecht for degen is too much and defeats the (de)generosity economy effect unleashed by tipping allowances. 

Tip allo is such a great innovation! Something that didn't exist before and is having, and will have even more, far reaching effects. Don't ruin it.

Invisible Gardener. Regen practices. Degen research. Building StatelessDAO open source co-ops. Pixeloodles & Degenomemetics:  https://zora.co/@invisiblegardener

I think creating a system where people can buy their way into positions of power defeats the generosity economy, and I'm losing interest in being a part of this ongoing social experiment 🤷🏼‍♀️ it's fun to tinker with new toys but (this is a me and my mental health thing) I need consistency.

We’re super happy to hear opinions like these! The part at the end really makes Degen worthwhile. This season, we hope players of all sizes get a fair shot at tipping and that we spread the love not just to the big accounts but to every corner of Farcaster, creating a rich mix of content!

I agree. This cast makes me hopeful though:

/hugamonsters CEO (Chief Encouragement Officer) ❤️

/artjournaling 🎨

art/word nerd 🤓

$WOMPWOMP 🥳

Links: https://www.flowcode.com/page/jensalittleloopy

I agree. This cast makes me hopeful though:

https://warpcast.com/jacek/0x012c1f6e

Maybe? But this doesn't really address the "more DEGEN staked, bigger tipping allocation" issue. There will still be a power imbalance that is reinforced by engagement farming because ppl will identify those who have the largest allo and try to get their attention for some DEGEN. Those tippers, who bought the highest allos by virtue of having the most "disposable" DEGEN to lock, will grow to become even more visible.

This season was supposed to be more equitable because the allowance was capped at 10k. Previously the top ranked people could get 100s of thousands of degen allowances, so 10k being the cap SHOULD have helped a lot with flattening the curve.

But allowances are based on the percentage of your stake in the whole. So the whales "overstaking" way more than is necessary to get to the 10k cap just makes all the smaller stakers have less possible percentage that their stakes are worth and so have smaller allowances. 

It's a new kind of unfairness. And even more sad because overstaking doesn't benefit the whales either. It hurts everyone. And the locks ensure that it will be like this for at least 3 months. Though the allowance algo can be changed, so 🤞 for that.

GenX girl who learned the hard way 🔹 lifelong artist 🔹 software engineer 🔹 curator of conversations 🔹 made /blend-o-rama 🔹 thinks you're cool

I don't have the attention span to keep up with the ever-changing way of navigating this and the research required to approach things thoughtfully. I'm a busy woman!

Degen

I made another query that lets you simulate what things might be under different total daily allowance, allowance cap and staking cap scenarios.

Try it out and see if you can get better outcomes than I did.

Just adding a staking cap of 800k got rid of almost all overstaking and helped push the minimum stake for maximum allowance (MSfMA) down too. It's too late to do that now, of course, but capping staking at 1m would have been a good idea for everyone. Not enough thought went into this beforehand.

Adjusting the allowance cap down makes the MSfMA go up, and that's not great, even though it helps reduce overstaking.

Adjusting the amount of daily allowance doesn't have an affect on overstaking, but can lower the MSfMA which really doesn't mater now that most people who were going to lock have already done it.

Capped staking would have been the real fix for this so that's sad. Not sure how to adjust the allowance algo without some really fancy math now.

https://dune.com/queries/3912919

LOL, I guess I am not as busy! Or just obsessed with quantifying my objections to how all this works.

I spent most of yesterday taking a pretty deep dive in. Doing the research for you into a major reason this is all not ideal for non whales if you are interested!

LOL, I guess I am not as busy! Or just obsessed with quantifying my objections to how all this works.

I spent most of yesterday taking a pretty deep dive in. Doing the research for you into a major reason this is all not ideal for non whales if you are interested!

https://warpcast.com/bluecockatoo/0x5fdf5770