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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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Alex Mack 🏔️
@alexmack
Curious if you’re referring to that concept of a parallel vesting program here (ie. any user being able to delegate degen to others for a “tax”) or rather the overarching new approach to allocation? If the former I definitely would go manual
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wake 🎩
@wake.eth
That's just a lot of work for me, but agree. I'd like both; auto on ramp, with less favorable terms and my chosen few tippers, with great terms (or no tax at all).
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Alex Mack 🏔️
@alexmack
Ohhh so you’re talking like - wake is the manual decidooor of all tipping allocation? Well yeah that’s a ton of work 😂 I thought you were suggesting an opportunity where those in the community could delegate some of their own staked allocation to others, which is also a fascinating concept but I suppose easily taken advantage of as well
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wake 🎩
@wake.eth
Not quite. This is me bankrolling thousands of potential tippers who otherwise might not be able to participate once staking goes live (because they can't afford to). They use my money to get an allowance, and I would get a fee and require them to share a portion with whoever we decide. ie, 1% of allowance to me and 5% to Degenpad, etc.
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Alex Mack 🏔️
@alexmack
Fascinating. Sounds like another experiment worth doing! But if manual that adds a social burden to you (which at this point I assume you’re generally impervious to 😝) on top of the time of course. Interdastingggggg
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wake 🎩
@wake.eth
Yup. Which the community should weigh, no? Manual means I am deciding, in no small way, how thousands of tippers are behaving. In other words, by way of delegation I've found a way to let my money exert more control over tipping and farcaster. This sounds good because I'm benevolent and blah blah. But it's a lot of coercive power to have and single person managing.
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Alex Mack 🏔️
@alexmack
Gotttttt itttttt thanks for putting up with my two brain cell questions!! Wake Bank makes sense and the community delegation even more sense 🧠 Here’s some to get the fund started. 2000 $degen
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