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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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adexmakai.degen.eth
@adexmakai.eth
IMO, I think you should stop the tipping idea and come up with a good way to incentivize the degen community. It's obvious that most of the community doesn't want to participate in DL3. I asked myself what was the essence of creating DL3 when most of the degen community didn't want to participate in the growth of the chain. So I will advise to mandate degen lock specifically on DL3, and there should be incentives on DL3 projects for those that lock up their degen. Let's stop this idea of tipping if that would eradicate farming once and for all.
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Caygeon.degen.eth 🎩🏰🍖
@caygeon
If the majority of the community doesn't want to participate in the L3, the answer is not to mandate using the L3, the answer is to eliminate the L3.
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adexmakai.degen.eth
@adexmakai.eth
Eliminating L3 is not the point at all. Take a very good look at the ham chain. Ham chain is doing very fine. Thanks to the ham pham that makes use of the chain every day. I believe DL3 can achieve even more than what ham chain has already achieved if used by the whole community every day. No eliminate is not the point at all.
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Stuart
@olystuart
I use ham chain regularly too, much more than DL3, but that obviously isn't working either tn100x is near all time lows and has a market cap so low I don't know how deployer continues to pay for the ham chain infra.
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Caygeon.degen.eth 🎩🏰🍖
@caygeon
Unsure on that, but the answer might be that L3s aren't needed.
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adexmakai.degen.eth
@adexmakai.eth
There are so many factors that determine price action on any assets. As a crypto enthusiast, you need to know that. Also, ham chain tipping is onchain, which means there would be serious effects on tn100x price. The only thing this idea of tipping does is that you don't have to worry about farmers. Let try this idea of making DL3 operational. Also, don't forget that degen is on Binance as a perpetual trading asset. I believe that when we stopped tipping and made DL3 more operational. This would bring about more buying pressure that would drive the price up.
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