Degen

$DEGEN

I understand the value of curating interesting people, but relying solely on Farcaster reputation isn't ideal. Linking allowances to staking ensures that those who have a vested interest in the project's success are receiving the incentives. This approach promotes commitment and long-term growth.

I try to stay away from projects that require locking for long periods of time. 

I feel like we should be trying to find ways to make people want to hold degen because they believe in the project - not so they can get an allowance. 

That's why I bought 1M coins at the peak. Because I believed. Not because I wanted an allo...

Founder of /success & /insider-trading. Search Marketing Director at Kraken Kratom.

So you want free money without any skin in the game and expect incentives to align?

growth @teller coming soon @clarity





























































hosting /kieran /usdc /loans 

Not necessarily. I've been pretty vocal that I think some form of staking is fine, but I don't think that removing openrank is a good move. It's clearly improved the Farcaster experience exponentially. 

The site isn't riddled with low effort 'comment for my tips' spam anymore. Or at least not as much as it was in prior seasons.

Tons and tons of bots are trash accounts have power badges. 

This accounts won’t lockup $1000 to tip.

Bots game both powerbadge and open rank quite easily. 

I still mute like 100 people a day I can’t say it’s improved or got worse.

I didn't mention the power badge?

Do you not agree that the quality of content, replies, comments, and everything else has improved this season compared to the prior season?

I’m supportive of this tipping update but convinced we need more criteria for $degen tipping in the future.

1️⃣Including lock length & amount is a nobrainer to determine allocations

2️⃣Openrank & powerbadges gave power to large accounts on FC but we need more $Degen alignment

🎩track record of contributions
🎩track record of good tipping
🎩track record of scouting good content across Farcaster (channels)
🎩track record of supporting $degen projects & value-adders

3️⃣Essentially, $degen tippers “should” be hand-picked but positions should be open for anyone to join. Whether we pick 300 tippers manually or have some criteria that one needs to fulfill to qualify automatically is tbd

4️⃣Tippers are not necessarily builders or investors. Since tipping is used for distribution and growth of the $degen economy, we should make sure that good tippers fill this important position in the ecosystem!

I don't like locks either. We definitely need $degen alignment, not just Farcaster alignment & influencers though (> this is openrank). Hoping to further improve the algo, with smaller iterative changes, & maybe we'll end up at delegated allocations from people who have lots of skin in the game for token distribution - which is only 1 small part of the total project.

job: token analyst. Talk to me about football, sports, crypto, outdoors, growth, econ, investing, chess

No one can give a reason why locking is bad or negative. You currently have to hold 10k to tip how would staking it change the equation other than reducing sell and supply pressure. This is how DeFi has worked for 5 years. The only people who don’t like this are first cyclers who haven’t seen it play out before.

I don't like locks either. We definitely need $degen alignment, not just Farcaster alignment & influencers though (> this is openrank). Hoping to further improve the algo, with smaller iterative changes, & maybe we'll end up at delegated allocations from people who have lots of skin in the game for token distribution - which is only 1 small part of the total project.

https://warpcast.com/juli/0x4b3da694

Make sure to give up when it gets really hard

Do you have any kind of data to back this statement up?