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Jacek.degen.eth 🎩
@jacek
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.
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Cake One 🎩🔵🎭🔴
@theonlycakeone
1- the vault: It has always seem to me as a « the more you have, the more you’ll get » which was already a red flag. It seemed more fair when it was based on open rank or any other quality content indicator. 2- the new wallets: It seems to me that we, the people of Farcaster, are the one to onboard new people. Make it easy for us: The more fun and the more rewarding, the easiest it is for us to bring new people in. Lately with the ban system, I have been so stressed out I barely tip as much as I used to do because what if? I understand what you guys tried to do and I’m thankful because a lot of abuse were made in the past, but if the fun goes away, it gets harder to bring people in. For some it even gets harder to stay. With that being said, please keep up the good work. We ❤️ it in here.
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