Degen

Daily Discussion Thread - /degen - October 9, 2024

I liked the idea of mcdegen leading to more memecoins and tvl on degen chain but it seems mcdegen is mainly used to take money out similar to tip4tip. do you think it still makes sense to keep this?

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I don't really understand what /else/ it would be used for. The swap mechanism added a bit of game theory to the exit, but it's still just an exit with extra steps.

Never looked into it but if this is true it must go away

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Yeah, we’re keeping an eye on it, definitely a valid point though. @undefined

Yeah was really surprised they added that option as it’s hard to see it as anything but an atm to self.

I like having the option because I don't always have a reason to tip so nice to use my excess into a meme that generates activity on degen chain. I haven't been swapping out yet but I will if depe moons. I get the point that it doesn't align well with tip4tip restrictions. Maybe a similar approach to discourage sole use of mcdegen as way to cash in tips?