Degen

seedclub

farcastHER

The $DEGEN Tip O' The Hat initiative happens daily, announced on @0xen's page usually, aiming to concentrate/pool tips to fund creators & builders directly. 

Did you know while 13% of recipients were women, they actually received 21.5% of the approx $1,179,140 tipped via TOTH.

Let's spotlight some!

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I sampled 47 recipients of TOTH who received over $1m in tips + listened to @Jacek on /seedclub talk about the future of $degen & the L3

Four themes stood out:

- Tipping as Advertising/Marketing
- Tipping as Funding
- Tipping as...Tipping
- LT value accretion prospects > short-term value destruction risks

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building stuff

baseglobe.netlify.app; 
/degendancing (dancoor.netlify.app)
/imperfectform (imperfectform.fun)
/tipothehat (degen-toth.vercel.app); gitsplits

Degen Angels

- Institutional/grants/VC funding often opaque, subject to concentrated interests & disconnected from the actual users of products/services.

- $Degen tipping = passionate user communities collectively funding ideas/experiments through a bottoms-up, transparent process, rewarding quality. study /degenangels 

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Spanish

- IRL tip norms are awry & arbitrary— we tip waiters but not journalists, delivery people but not bus drivers

- $Degen tips are egalitarian, meritocratic. Journo Rachel earned $9k, what might a team earn? Emma earned $5k for a moving /spanish aphorism, how might pro poets, writers, philosophers fare?

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Volatility, irrationality, & grifters are all but inevitable. The early internet is still learning ways to adapt to the nigerian prince's emails. Yet the underlying utility being built on L3 indicates value accretion above & beyond any value destruction as norms like doxxed teams (e.g. @wake.eth or /ATH) bed in

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Read the full paper on @paragraph 

"Don’t really know what to say. I’m just grateful to @jacek for building a token that champions the idea of giving 💜" @sum

Read the full paper on @paragraph 

"Don’t really know what to say. I’m just grateful to @jacek for building a token that champions the idea of giving 💜" @sum 

https://paragraph.xyz/@papajams.eth/funding-the-future-on-farcaster-and-beyond-with-dollardegen

Tweet thread also live here

https://x.com/papajimjams/status/1778283221735624841?s=46&t=Mzh82nbovTS2hVetWoCw4A

- Trad ads (Super Bowl) = leaky bucket unless the product has mass appeal
- Targeted online ads are specific but intermediaries take a margin.
- Targeted tipping ensures 100% of funds go directly to the intended recipient

$Degen emerging as a more universal, platform-agnostic token of appreciation/incentive

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Chronically online degen since the AOL days.

I'm not a trader, I just trade a lot.

Symbiotic relationship w/ the gym and tacos. 

Host of /pokemon

H I G H E R ↑   ||   qDAU of Onchain Experiences

I am going to read all these and love what I read

150 $DEGEN

Enjoyer of jpegs on blockchains | Singaporean currently travelling through LATAM | Member of GrailersDAO, Station3 and ARC | linktr.ee/buffets.eth

Enjoyed reading your piece on $degen, and how you broke down the different types of tipping behaviour

100 $degen

wow, great analysis, thx dad haha

150 $DEGEN