The Crucible

$DEGEN

GM Degens! Today is massive! For the first time ever, your tip allowance can do more than just tip—you can now mint tokens on Mint.club, right on the Degen chain! This opens up a world of possibilities for Degen dapps in the future. Check it out at degen.mint.club! @mintclub

Looks like the rings will dissipate without us needing to do anything. 

Tipping rings are just money laundering with extra steps. Now they can just cash out directly. 

*grabs popcorn*

husband, father, degentleman, haberdasher 🎩🥂

I just tested it by swapping my remaining 7962 allowance. Received DEPE which I swapped for 7397 DEGEN. There is definitely some leakage but it sort of proves my point of allowing users (farmers in particular) to cash out their allowance.

I think the team should consider putting a cap on the percentage of your allowance you can trade, or have trades impact your future allowance somehow, or else I could see this could getting out of hand.

For the record, I threw that DEGEN into a LP, because the hat stays on. 🎩

I had similar thoughts, and think some kind of cap or impact to the your season's allowance need to be put in place to keep this from happening...

Pi-chi.eth (she/her) Artist /animeoutcasts
Hosting: /sakura /kyoto /momiji  /anime-manga /farcasterunion

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I had similar thoughts, and think some kind of cap or impact to the your season's allowance need to be put in place to keep this from happening...
https://warpcast.com/mathew/0x27652da4

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

I think we should let it play out and see what happens. I tested it today. Was fun. But id rather help my community and degenpad projects. But nice to know I have options now. Let’s see if it gets abused. Maybe the farmers won’t even notice.

I’m interested to see how this impacts price. Worst case in my mind is that farmers will now dump throughout the season (with some extra steps) and then mint.fun will claim and dump at seasons end. Could get ugly (or uglier) pretty quickly, no?

In terms of price, potentially. Add in the eventual unlock and likely sells of LDEGEN and oof. Hoping for the best but mentally preparing for the worst, ha

Uglier than it is now and has been for weeks? Vibes are way down. Tons of accounts who staked don’t even bother tipping. I’ll take anything over this dread and stagnation.