RJ (replyor) on Warpcast

Content pfp

0 reply

0 recast

0 reaction

Drakhonen pfp

** $DRAK Locking Rewards for 2 Year Yields UPDATE ** G'Ham Fellow Hamcasters, At end of 2024, I will be ending current ongoing, automated rewards for any users meeting staking or locking requirements for $DRAK. At the beginning of 2025 and if you meet the requirements (deadline date to be announced), you will receive ongoing rewards, permanently for the next 2 years!! I did this in effort to add value for the 2 year locking requirement. I will ONLY be rewarding 2y lockers. Stakers will benefit from my allo & other rewards, but my primary goal will be raising VP. Requirement: - Must be a 2 YEAR lock of 500,000+ $DRAK - Estimated cost based on current price/market = $315 Rewards Yield Over 2 years (ends 2027): >> For the $315 spent, -- daily ham reward average will be 300 ham = $.19 per day > total $137.97 -- every 3 day degen reward average will be 475 degen = $6.04 per 3 day > total $1,467.72 TOTAL EST. YIELD = $1,605.69 I'm not going anywhere! WE HAM! https://hamcaster.com/token/320189

12 replies

11 recasts

27 reactions

Drakhonen pfp

** $DRAK hamcaster rewards update for any earners currently ** @mynimalmonster @nobody660 @oppai @plantsnft @ronwest @shulzzz @sidshekhar @vsck @wellzy @thej0n.eth Thank you for all your love and support through 2024. We ham on!

4 replies

4 recasts

8 reactions

RJ (replyor) pfp

Is the tldr that i am getting removed from microsub unless i lock a whole bunch o drak?

1 reply

0 recast

1 reaction

Drakhonen pfp

Current rewards run until end of this year Requirement above is geared towards locking and going in affect by 2025 Likley post new years. GM!

1 reply

0 recast

1 reaction

RJ (replyor) pfp

Thanks. I will need to look into it. It's a bit of a tough pill to swallow tbh bc you can change the rules at any given time (like now) or leave the app (which I dont expect but life happens), but lockers are locked. Even if you don't change the rules or leave, the Degen team can (and likely will) lower allowances, and we already know ham is going to reduce emissions at some point. Compound this with the fact that it reduces my stake rewards (if I put this same amount of ham into staking someone) and I'm not sure the math adds up. In my head locking this stuff for 2 years is basically the same as burning and assume it's 99% gone, even though I hope for the best.

1 reply

1 recast

1 reaction

Drakhonen pfp

I understand what your concerns are and all are valid. I am more of an optimist, and like I said above, even if degen/ham or microsub/other ecosystems change. I would keep record of anyone in that bucket to make that right. We all are here together, and most that are experienced know the risk, that is what degening is afterall.. I respect your comments and any decision you make, and you will not hurt my feelings if you opt out or go another path. It changes nothing from my side as I will still support everyone as I normally do regardless of locking or not. I will say there are a lot of variables to consider, both pro and con. For instance, current users and data calculated above for tip rewards was based on total of 30 users that have benefited from my Microsub tipping since I started. If that number goes down, my calculations for daily ham or 3 day degen rewards goes up, quite a bit. In addition to me increasing my ham rank/allo + degen, also up.

0 reply

0 recast

0 reaction