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kenny 🎩 pfp
kenny 🎩
@kenny
I see all the crypto twitter influencers that joined farcaster to farm DEGEN at the top and did nothing to contribute to it or build the culture are now pronouncing it dead would be a shame if
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AZ 🎩 pfp
AZ 🎩
@yeet
Probably not tho. There’s nothing being built on the L3, and immense sellside pressure from team, investors (1Conf starts unlocking next month) and stupid ass grants / out of touch partnerships Put simply, team does not embody the ethos of crypto enough to help the actual token price
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wake pfp
wake
@wake.eth
this should be copy pasta
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kenny 🎩 pfp
kenny 🎩
@kenny
gonna put up a poidh bounty for someone to print this pasta out
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wake pfp
wake
@wake.eth
you should. it's perfect.
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kenny 🎩 pfp
kenny 🎩
@kenny
I feel like I need something a little more than just a print out tho handwritten sign? you must be wearing a top hat in the pic while holding it? you must be in front of an Old Spaghetti Factory in the pic?
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wake pfp
wake
@wake.eth
handwritten, but only the team ethos/ price part, pictured next to the kiwis at a grocery store
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kenny 🎩 pfp
kenny 🎩
@kenny
feel like kiwis is too much of a deep cut, need to be clear we're taking this pasta as our own so in the pasta isle of the grocery store
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wake pfp
wake
@wake.eth
better, better. agree. will put up 10k $DEGEN.
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kenny 🎩 pfp
kenny 🎩
@kenny
lfg, I'm ready to publish here are my exact instructions if you're aligned, added the first bit because I want that L3 dig in there: write this exact text on a sign "There’s nothing being built on the L3, and immense sellside pressure from team...Put simply, team does not embody the ethos of crypto enough to help the actual token price" - then go to a grocery store and take a pic with the sign in the pasta isle
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wake pfp
wake
@wake.eth
nailed it. lfg. should i just send you 10k now?
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kenny 🎩 pfp
kenny 🎩
@kenny
just created the bounty and it's an "open" one so you can do it fully onchain go to this bounty page and hit the "join bounty" button and type in how much you want to add confirm the transaction, and the page will refresh to show the new bounty balance what's cool is you don't even lose control of the funds, you can withdraw back to your wallet if no one ever does the bounty https://poidh.xyz/degen/bounty/556
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kenny 🎩 pfp
kenny 🎩
@kenny
as the majority contributor to the bounty you'll also have the ability to veto my selection for a winner btw @wake.eth poidh open bounties have a 48 hour voting period before the winner is sent their funds so if I tried to make a fake claim and steal your DEGEN for myself, you could see that, vote "no" on the claim, and the money would never be sent out of the contract because a >50% voting majority did not agree fully onchain collaboration w/ no trusted middlemen allowing us to coordinate to get something done IRL but yeah, nothing interesting happening on the L3
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wake pfp
wake
@wake.eth
impressive! added my 10k. hesitated briefly because of that 1Conf dump in august, but realized i'm not a dimwit and sent 🥃
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kenny 🎩 pfp
kenny 🎩
@kenny
🤝 they will simply buy back higher of course
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wake pfp
wake
@wake.eth
naturally 🎩 🤝 🎩 splendid
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AZ 🎩 pfp
AZ 🎩
@yeet
Link me to what’s being built on the L3, genuinely curious. TVL is non existent The block reorg too, barely a chain
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kenny 🎩 pfp
kenny 🎩
@kenny
TVL imo a garbo metric, who cares about the same copy paste defi protocols being deployed on the same copy paste L2s sure Degen Chain doesn't have a ton of TVL but that doesn't mean it's useless snag 1000 Degen here to give a novel app that's primarily used on Degen Chain a try https://poidh.xyz/degen/bounty/559
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AZ 🎩 pfp
AZ 🎩
@yeet
Okay what metric do you want to use? Bridged funds? DAU? Number of apps? Some subjective measure of app quality and stickiness?
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kenny 🎩 pfp
kenny 🎩
@kenny
how about # of individual wallets holding the token it has the highest number of unique wallets holding the token besides USDC on Base, correct @wake.eth?
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wake pfp
wake
@wake.eth
it does, but that's also a vanity metric and trivially juiced by air dropping dust.
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AZ 🎩 pfp
AZ 🎩
@yeet
The community needs to stop defaulting to # of individual wallets holding degen, its an obfuscsting metric Need to find the Dune dashboard but majority of those wallets hold dust amounts and that cohort has seen explosive growth since inception Meanwhile cohort with larger active balances remain stagnant I still have a decent chunk of degen supply from buying on the open market in January. This channel is a shell of its activity back then. You are foolish if you don’t think speculative assets are user adoption in crypto.
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