$DEGEN

🧵 3/3

TL;DR: Staking and incentives should exist, but they should not be linked to having allowance.

If the token is to grow and the target is people who stake 1M or more, these people who are not in the game today due to lack of time will have an incentive to enter the game with less effort. That's it, isn't it?

The coolest thing about allowance is curating interesting people, whether they are well-articulated individuals or people doing interesting projects within the community, thereby improving and strengthening the entire community. Those who come in with money and little effort won't have the time or patience to do this curation (with rare exceptions) because they simply don't do it today.

These individuals need to get into the game and have incentives, but that shouldn't be the definitive factor in who should have allowance.

I understand the value of curating interesting people, but relying solely on Farcaster reputation isn't ideal. Linking allowances to staking ensures that those who have a vested interest in the project's success are receiving the incentives. This approach promotes commitment and long-term growth.

I think staking should act as a big multiplier on base allowance but not the defining factor. $Degen should be rewarded to people who bring in great vibes, create useful content, risk capital to earn more degen, use Degen ecosystem etc. (proof of work) and tipping allowance mechanism should acknowledge all that.