Degen

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.

I trust and believe in degen but the bottom line is the more degen you lock, the more airdrops you can do. Because there are very few people who support for free and that doesn't give a lot of rights to new artists coming in. The question for me is: What about the new artists who are trying to get into the system? As long as there are no new entrants, the cycle will continue to revolve around the same people and I don't know if there will be growth.