$DEGEN

If you're a Solidity dev and interested in helping out Degen by auditing or reviewing our Locked Degen ERC-20 contract, we'd love your support. Your help in finding bugs or suggesting code improvements would be greatly appreciated! Thanks!

https://github.com/degen-token/degen-smart-contracts/pull/22

Summary:

- DEGEN deposited into the staking contract produces LDEGEN tokens in a 1:1 ratio
- LDEGEN is non-transferable and non-delegatable i.e. purely for accounting purposes
- minimum deposit amount is 10k (can be changed by Degen team)
- lock duration 90 days (can be changed by Degen team, max. of 365 days)
- deposit can be topped up but it will reset the lock duration for preceding deposits to the full duration
- partial withdrawals are allowed

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Thank you! Is it’s on degen chain or base? 

200 $degen

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Unclear, the token address in there (0xfee293840D23B0B2De8C55e1Cf7A9F01C157767c) is a base sepolia test address, but I believe the ultimate target is Degen L3

In my opinion, Degen Chain needs to prove itself before we consider staking there, as it may be premature. Staking on Base, on the other hand, could reassure people. While it’s still a risk, Base is more reliable.