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Jacek.degen.eth 🎩
@jacek
Degen Airdrop 2 Season 6 survey: https://www.weponder.io/surveys/1931
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Blue Cockatoo
@bluecockatoo
How about instead of locking things, the rewards increase the longer you hold? Then people will be encouraged to hold longer without keeping them from exiting if they must for whatever financial reason and it would keep huge dumps from happening when things are unlocked because more people would exit at different times. Too many of us have been hurt by locked staking before. It is a terrible feeling to watch a coin crash and not be able to get out because you are locked in for a long term. I love DEGEN but I've seen lots of things that had tons of community support riding high for 3-12 months or more and then crash suddenly. It could happen here too. It's not fun to be exit liquidity for others.
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Jacek.degen.eth 🎩
@jacek
I think this is a fantastic idea!
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Kai
@traukainehm
as an occasional user, I love the phaver cred system. You get cred/points for each day holding and the amount you get in a rolling 30-days period determines your level of allowance. They run it with NFTs/SBTs, could be staked/liquid volume as well.
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Blue Cockatoo
@bluecockatoo
Yeah it doesn't even have to be super complicated. I have coins stakes in a thing that gives me compound interest the longer I keep the principle there. It compounds daily, but I've kept things there for almost a year now. The reward ever increasing is what keeps me from unstaking, not any forced lock. I know I can withdraw whenever I want and that makes me not feel anxious that it's all about making money for the devs and early investors and could rug at any time. Trust and control of your money 24/7 is important. That's why we all are in crypto self-custody in the first place!
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