Degen

1️⃣ The Lockup Vault – A Bad Deal for DEGEN?

The vault was designed to require users to hold DEGEN in order to receive daily tipping allowances. The idea was that this would reduce sell pressure and incentivize long-term commitment.

But the numbers tell a different story:
	•	Right now, a 1.9M DEGEN deposit gives you a 10K DEGEN daily tip allowance
	•	If fully farmed over a year, this results in an APR of 184% 😳
	•	That’s a massive ROI for a short lockup, creating huge inflation in the ecosystem

This raises a key question: Are we getting enough back for giving out these rewards? Right now, it looks like the system is disproportionately benefiting farmers rather than long-term ecosystem participants.

@jacek Where you made a mistake was the introduction of open ranks. Open ranks are primarily the reason why there are so many farmers. Since they know that the only way to increase their open rank score is to interact with high-profile accounts, those high-profile accounts interact with low-profile accounts that they know so as to boost their score and increase their degen allowance. If there were no open ranks, many new wallets would have joined.

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