$DEGEN

TLDR: +500k DEGEN of the 4.5M total is lost per day due to over-staking. See Dune query below. 👇🏼 

Long read:
Currently if you stake more DEGEN than is needed for a 10k allowance the excess allowance is still allocated to you. You are just not able to tip it so these DEGEN are lost.

A better way would be to distribute these excess $DEGEN to the stakers who have <10k allowances.

The following Dune query shows the impact of the current formula vs the formula that distributes all 4.5M DEGEN.

https://dune.com/queries/3911204

Since some over-stake Degen, part of the tip allowance pool becomes unavailable to everyone. Any ideas on a fair way to distribute those locked tip allowances to both over-stakers and other users? Someone staking a few million Degen should get some perks. We’d love to hear your thoughts!

Reneecampbell.eth 

Reneecampbell.degen.eth

* https://bio.site/ReneeCampbell 

*  /flora 
* /reneecampbell 

Creator of Worlds



Per @reneecampbell, maybe it's as simple as just sharing the whale overstake among the bottom most stakes (ie, 10k stakes) evenly. No one would get much and nothing would be wasted by whale aggression.

Lift the bottom, headwind for the top.

Exactly! The top don’t need any extra perk. We all knew what the limit was set at.

This is not my area of expertise but I think there should have been more structure to the staking and more transparency to what each level got you. Trying to work this mess out now seems like such a lack of thought in the planning. Maybe there could be other incentives to high staking? Whales get a vote on planning moving forward or a degen fund that they get to vote on for distribution. Something like that instead of non whales getting less. It paid to be early in here but that shouldn’t mean that those coming in later shouldn’t be acknowledged for their efforts.

How would this affect staking trends generally?

I can vibe with this suggestion.  500 $degen

A student of life. I trade things. Here to help you make better decisions.

/kollector