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wake 🎩
@wake.eth
re, allowance lending, I figure there are two directions to go: manual or automatic. for manual, I choose the tipping delegates and we grow The Society of Wise Tippers slowly, one by one. Else, automatic and delegates opt-in via some front end. There should be terms, too. Tippers should agree to donate some percentage to me, for taking the risk, and to Degenpad to reliably fund new projects.
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wake 🎩
@wake.eth
If we can nail down the tip-split (ie, prevent users from deleting tips, whatever's needed to make that money flow reliable) and enough users participate, that could produce some nice yield, for me and for Degenpad (or wherever). So now I'm imagining Wake Bank supports thousands of decent tippers and is earning me a good percentage of tips. That could be attractive to other whales. Maybe we make it so they can participate too, adding their money, growing the tip delegation pool. I'd earn less and that's good Figure this is the start of Degen Tipping Defi (name needs work) 🎩
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SpaceⓂ️an Spiff 🎩🍖
@spaceman-spiff
Do we really need to account for all the tips everyday? I know you don't always use your allowance if you don't find a worthy cause. If the tips aren't used that just keeps the experiment running longer right, because they can be used later.
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wake 🎩
@wake.eth
True. To my mind, this low-cost-basis allowance lending system would be very appealing to farmers. They'll use their allowances horribly, reliably. We can't stop that at scale but we can tax 'em. ie, there's gonna be theft. I'm just making a handsome alternative that isn't zero sum.
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SpaceⓂ️an Spiff 🎩🍖
@spaceman-spiff
Interesting. I'm not sure I have the whole picture yet. Was there another thread about the details, or are you just starting to riff on the idea?
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wake 🎩
@wake.eth
Both! https://warpcast.com/wake/0x06fbbeb4
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SpaceⓂ️an Spiff 🎩🍖
@spaceman-spiff
ty ty, that provided some more context. I like it. finding people you trust to be aligned with your values and do the work of digging into different projects and opportunities. I'm just starting to spin up a channel called /memestoanend with the idea of creating a place for people to be able to donate their tips to causes they want to champion, or members of the community that need help. could be another potential place for people to find delegates for their tips.
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