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Jacek.degen.eth 🎩
@jacek
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.
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NFThreat ↑
@nfthreat.eth
the thing is that there is a lack of new users in Farcaster itself
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Jacek.degen.eth 🎩
@jacek
💯
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@hammallama.eth
We see how borked the spam labels are Open rank is similar to the moxie system, infer what you will Need a balance of 3 categories---- Make on-boarding a priority for degen allowance, let users tip degen to an account that creates codes for users to sign up for free. This presents a problem too in that users will just create alternate accounts that are "new" so would need tuned for new unique users only Reward creators for their contributions Reward those who lock degen in the vault
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mvr 🐹
@mvr
@haole in the house? degen tip for newcaster invite
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Haole
@haole
haha, great idea!
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🍖🦙🎩
@hammallama.eth
I love newcaster the hamigos been helping me with their weekly codes been on boarding a bunch of users
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Haole
@haole
Glad it helps!
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mvr 🐹
@mvr
But I mean can you and @jacek set it up to work like @mcdegen Tip for warpcast invite link
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Haole
@haole
Thank you! I will check @mcdegen first. Is this permissionless? If so, it should be easy to build. Just let people tip under @newcaster weekly cast, then I will DM an invite link.
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mvr 🐹
@mvr
Maybe the intern knows more details @mintclub
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