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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 🎩
@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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Juli 🎩↑
@juli
Pls don't use staking rewards from $degen supply aka inflation. Apps should capture small fees and redisitribute those. I want a sound asset.
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Juli 🎩↑
@juli
Also, Degen chain is cool, activity & low-cost use cases should grow naturally over time but $degen apps on Base are also cool & prob highest value-add at this point
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