$DEGEN

TLDR: +500k DEGEN of the 4.5M total is lost per day due to over-staking. See Dune query below. 👇🏼 

Long read:
Currently if you stake more DEGEN than is needed for a 10k allowance the excess allowance is still allocated to you. You are just not able to tip it so these DEGEN are lost.

A better way would be to distribute these excess $DEGEN to the stakers who have <10k allowances.

The following Dune query shows the impact of the current formula vs the formula that distributes all 4.5M DEGEN.

https://dune.com/queries/3911204

Since some over-stake Degen, part of the tip allowance pool becomes unavailable to everyone. Any ideas on a fair way to distribute those locked tip allowances to both over-stakers and other users? Someone staking a few million Degen should get some perks. We’d love to hear your thoughts!

Reneecampbell.eth 

Reneecampbell.degen.eth

* https://bio.site/ReneeCampbell 

*  /flora 
* /reneecampbell 

Creator of Worlds



Per @reneecampbell, maybe it's as simple as just sharing the whale overstake among the bottom most stakes (ie, 10k stakes) evenly. No one would get much and nothing would be wasted by whale aggression.

Lift the bottom, headwind for the top.

we stir, grow restless | wake.bsky.social

Why not just remove the over staked amounts from the equation in determining all other staker’s share of the tipping pool? 

Honestly, that’s how I thought it was going to work in the first place until I saw Jacek’s message confirming any excess stake locks up that share of the allowance pool…

Navigating the world of finance by day, pondering its flaws by night. ETH Maxi