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.

Fantastic stats, great question 

Could be that tipping moves from farcaster for now & invigorates other ecosystems perhaps where it could prove similarly impactful as an introductory step: thinking lens, dscvr, and there’s an avax one. 

Then farcaster becomes the place to experiment with what comes after tipping

building stuff

baseglobe.netlify.app
/imperfectform (imperfectform.fun)
/tipothehat (degen-toth.vercel.app)

I think we should stay Farcaster aligned for now, but focus on lowering the cost per new DEGEN user acquired. It’s the ideal place to fine-tune things before exploring broader opportunities.