We've heard the community and recognize the current tip allowances aren't ideal. We're developing a new incentive mechanism to reward long-term members and reduce farming. We'll iterate quickly to improve the next season, making token farming increasingly difficult. @cadillion and I are cooking.

The staking and lock mechanism carries too many risks. Of course, I trust the Degen project, but I may not want to lock my tokens on a platform just because I trust the project. 

Who will be responsible for the security of the tokens I lock? 

It's already risky enough to link wallets anywhere. And in addition to that, I don't want to transfer my tokens to somewhere. You might say, then you don't get an allowance. Fair. 

It's definitely a mechanism you should reconsider.

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400 $degen

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What kind of lock and stake is that?

444 $degen

I was thinking that the amount of DEGEN held in the wallet would be taken into consideration when determining the allowance for the new season. A combination of these things could give holders as much power as influencers. 

Money cannot be replicated.

There are better ways than locking.


for example give more allowance for people that hold more than 100k tokens and also penalty people that sell the tokens and don’t allow them allowance for a season.

@jacek For tokens that have already been claimed, the issue of security is indeed a concern, but I really liked the principle that Build has put in place. Why not take an example from them and, for the next $degen claims, have several options such as claiming everything now, claiming 50%, or waiting for a period of time and receiving an additional reward for holders.

i get the point, i also wouldnt like to lock my assets somewhere for a long time

but what about just staking and being able to unstake whenever. is still implies locking assets, but at least you can change your mind anytime

looks like a desperate measure to stop the sell presure

Ggree with this point of view, no one wants their assets to be under the management of somewhere else if they do not understand the risks that may occur to them.

Yes locking is not that good but staking is game changer mmw

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This is quite disappointing to me.
I hope this new incentive mechanism complements what you developed with OpenRank regarding SCV. Degen has immense power, and this new formula is already improving social behavior across Farcaster in an incredible way, especially given it has only been in place for less than a month.
However, if staking becomes the primary metric, it might favor those with deep pockets over quality contributors, which would be contrary to our recent progress. I hope this isn't your intention.

I have similar concerns 

https://warpcast.com/baubergo-/0xd095ed85

Your reasoning is logical.
As a small member of this community, I have some suggestions.
I hope to write them down in the next couple of days.

There is certainly a risk.

As meguce said before, I think the best way to decide the allowance is based on the amount of tokens held.

The serious mistake here was giving massive degen allocations.