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https://warpcast.com/~/channel/degentokenbase
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woj
@woj.eth
im a big fan of the recent degen tipping changes 1. deriving tipping allowance from a combo of locking the token and the social graph strength feels like a really elegant solution to reward people with real skin in the game 2. it's much less farmable, yet the numbers are still really solid (~300 APY atm) 3. degen tipping remains the best growth strategy on farcaster — lots of supercast users got more in degen tips than they ever paid for supercast 4. it's not clear yet, but the branding really improves — i was disappointed with the ai images and begging meta before. Now the vibe it's closer to actually rewarding valuable contributions to the network. 5. having a predictable emission budget is great too and makes the token much more sustainable over the long run im currently locking 500k degen and will look later how can i bring it to the max 10k allo imo @jacek did a great job with this one — im excited to release more degen related features in supercast soon :)
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Ryan J. Shaw
@rjs
Super dumb question probably but how did you get the 300 APY figure?
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woj
@woj.eth
the current rate is 82 degen tipping allowance for 10k degen locked and scales linearly 82 * 365 = 29930 29930 / 10000 = ~300%
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Angelika Kollin
@angelikakollin
did you also consider that 82 is not a static number?
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y0b
@y0b
It used to be 5 degen for holding 10k so that's definitely an improvement! But the emission budget currently has an underused amount that grows everyday, not sure if/when this will be addressed. I think assigning it to the OpenRank boost part of the budget would be a smart move.
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Ryan J. Shaw
@rjs
Oh I thought you might mean that but the tips don't go back to the locker, so I don't see it as a return... But I guess you could say it did go to the locker, and they just immediately chose to send it onwards 🤔 btw I have 10k locked the open rank bonus puts me at something like 330/day last I checked, so it's actually a higher return if you have a good OR 👍 100 $degen
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tim/vortac
@vortac
So 'APY' is 'Allowance Per Year' in this context 😉 You get 3 Degen allowance for 1 Degen locked per year.
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