Degen

If you’re building a mini app for Farcaster, $DEGEN should be the default token. It’s widely held, fun to use, and drives way more engagement than USDC or WETH.

We dropped $100M+ in $DEGEN airdrops last year to Farcaster users. Happy to support you and help amplify, there's no downside to trying it.

Why are mini apps defaulting to USDC or WETH when $DEGEN is our native token? Top token on Base, brought most of us here. Should be the default. Devs like @dish @colin @tldr — what’s stopping us?

cma.xyz. Founder /paragraph, ceo /mirror, previously at Google & Coinbase 

prompting /bracky, playing /bracket, reading /greatbooks

Needs more onchain liquidity — you can’t really conduct an economy on a low liquidity MoE

friendly neighborhood shitcaster // working on @pinetree

Because most people on Farcaster already have DEGEN—way more than WETH and about on par with USDC. And unlike USDC, people actually got DEGEN for free. Over $100M worth has been distributed across the community. So if you’re looking for reach and frictionless MoE on Farcaster, it’s kinda hard to beat that.

That’s fair. But “without problems” is a stretch. What’s the price impact of a $1M buy?

It’s a chicken and egg problem. Why would I use a non-standard MoE with lower liquidity if I can use weth or usdc?

Vibes and “we were first” aren’t really good answers

Not quite right. Liquidity’s never really been an issue, you can easily buy or sell hundreds of thousands, even millions worth of $DEGEN without problems. The screenshot you posted is just one pool. DEGEN is actually one of the most liquid tokens on Base overall. Of course, if you're comparing it to WETH it’ll look smaller, but that’s kind of a weird benchmark. Farcaster mini-apps aren’t pushing serious volume yet, so the idea that DEGEN lacks the liquidity to support them doesn’t really hold up.