Zenigame
@zeni.eth
Trying to understand "staking" better since it gets thrown around everywhere... What Farcaster ecosystem tokens/apps/protocols have great staking mechanisms? What makes them work well? 500 Degen tip for up to five answers @bountybot
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deeghost.base.🎩
@soempit
In the Farcaster ecosystem, notable staking mechanisms include: DEGEN Token - Used for staking in DeFi platforms and rewarding community engagement. Moxie Protocol - Lets users stake MOXIE tokens to earn rewards for actions like creating content or onboarding users. Arenaton - Allows users to stake tokens in a parimutuel betting system tied to their Farcaster ID. What makes them effective: clear incentives, community engagement, secure systems, and dynamic participation elements.
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