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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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bry
@brykayne
is there a way $DEGEN could help onboard new users to Farcaster?
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Ryan 🎩↑Ⓜ️🔵
@platformmmm
Exactly this
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Jacek.degen.eth 🎩
@jacek
💯
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Todemashi
@todemashi
That's true, but looking only at external factors will not help Degen to solve its own internal challenges. Imho we should try to focus on the issues of the tipping system and build real use cases beyond it (not related to gambling, bonding curves...), even outside FC, where people can use their tokens.
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Alright Well 🎩
@fameandfury
Exactly this. We need a new wave of users on Farcaster, and this is not just DEGEN's task.
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Dopelines
@dopelines
I just randomly found Warpcast one day when opening a tweet on an external blog. I have never seen it advertised maybe that's why. Still have to learn a lot on Farcaster I'm very new to this
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Yoony12💎
@yoony12
I think too
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