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df
@df
will airdropped $degen be locked in some way? how could the design prevent immediate sell offs that could kill all memecoin price momentum (needed for growth)? cc @jacek
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VP of q/dau
@vp
What's the best lock mechanism in $degen's case? Some sort of vesting (get #degen every day or every week), incentivized staking (giving boost for Season 2) or something else?
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@juli
Locking for locking purpose has 0 value (at most short pump) Vesting is good to incentivize long-mindedness in team & early backer (memecoin?) Ongoing incentives for $Degen-things maybe valuable but often gameable.. I prefer rewarding quality contributions (incl. hodl) through bounties, future airdrops/retrogrants.
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VP of q/dau
@vp
Makes sense on locking. Not sure if vesting would be appropriate for small airdrop receivers (like someone getting $10 in total spread out in the span of weeks or months). What's your opinion on incentivizing hodl vs. incentivizing LP?
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@juli
Agree. Not a fan of either - but hodl should be natural. More notes 👇🏻 1) Often incentives & multi-token designs are financially overengineered & more barrier than help (Think of vesting & ve-token designs, vote markets, 3rd parties taking decisions) IF they don’t have an economic role in the protocol.
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@juli
2) Common sense econ provide decent upside though, whether that is making user-investors try a product before receiving an air/workdrop, airdrop small sums instead of claim/vest, denominate in Eth, high total supply, etc. 3) Liquidity incentives go to professional farmers & flow out of the token economy.
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@juli
4) Protocol owned liquidity should be enough in combination with facilitating larger otc trades, being available on popular exchanges/networks.. 5) Long-term investors should benefit from upside of the protocol, revenues, economy & potentially from affiliated projects token airdrops who seek aligned investors.
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@juli
6) Hodl airdrop in project token is like a one-time dividend or rebasing mechanism (where good traders make a quick buck during dilution). Rebasing ve33 can be interesting to bootstrap a project & build investor conviction but should have a) less impact later b) be turned off/ into less reflexive design with maturity
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