Trying to wrap head around $DEGEN tokenomics etc. 

What creates demand for the token? Are there any sinks? 

- a proxy to go long FC
- apps/services buying to distribute as growth/marketing tactic

What am I missing?

I’d love to see a sober explanation/analysis of what makes $DEGEN interesting.

Questions:
- for $degen that people actually own (as opposed to your degen allowance), what utility is there?
- new $degen emissions are raining down on FC users daily… will this continue indefinitely? How does this not have a dilutive effect?

My thinking has evolved since original cast. A few things I’m considering: 

- Degen is a proxy token for FC, but to some extent also for Base at large 
- Degen L3 apps consume token
- L3 + FC graph is an interesting “fullstack makerkit” for cryptonative brands and communities