$DEGEN

Thanks @jacek but it is not the trust in you we have problems with. All degens trust in you and the team. The problems are various actors that tend to skew the rules in their favour and in this way penalise small degen accounts that cannot rise or get their fair share. Thanks for all the efort you put to the project. I Really appreciate it. I would never dreamed of having any kind of influence, even small, on any social platform.

We’re super happy to hear opinions like these! The part at the end really makes Degen worthwhile. This season, we hope players of all sizes get a fair shot at tipping and that we spread the love not just to the big accounts but to every corner of Farcaster, creating a rich mix of content!

With allowances capped, we need a smart way for large wallets to sponsor small wallets. Mayhaps time for you to consider letting wallets above certain sizes delegate their unutilized allowances (ie, whatever they'd get beyond the cap limit). Whitelist the function to the largest wallets with the longest hold times (Feb forward) maybe.

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We did talk briefly about a "vouching" mechanism, where you could stake funds toward another account, but ultimately decided it was too complicated for v1.

Maybe time to bring it back?

Metanations
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prev 🌱 acorns.com

If you want to optimize user adoption and participation: choose smooth brain (simple) over galaxy brain (complex)

Cognitive load is a real cost, and attention in a finite resource. 

When cognitive load is low, it’s lower friction to obtain attention from more people

can you ELI5 that for me? sounds interesting but i'm not getting it,.

I think there are ways to counteract it, we talked about making vouches a refund mechanism, so that payers who can prove they transacted with a wallet can reclaim some percentage of the transaction from the receiver's vouches.

The refund would then partially go to paying staking rewards to other users who had vouched, and would create a meta where you could send someone DEGEN and try to deplete their vouches at the cost of the delta between payment and refund.

Ideally, once people have some fun with it, it becomes sorta like purchase insurance for lame frames or fraudulent commercial transactions

think so. but even I won't be able to guarantee any particular allowance at the rate the vault is growing. i could stake 300m today, take half the pool for me and mine, and be whittled down to dust within a month.

entropy will keep rising unless something pushes it back toward equilibria

Good to hear 👍🏼

So far, most doxxed themselves quite openly. You’re absolutely right though, I expect them to get more sophisticated and you’ll constantly need to adjust, add counter measures, detection mechanisms..

Looking at the track record of users can help
https://warpcast.com/juli/0x4b3da694

Aside that, locking stake is already unattractive to many farmers and putting stake at risk in ecosystem apps is even more unlikely for them.

https://warpcast.com/juli/0xd6ebf766

Plain staking is a solid start but essentially locking up token for little return (tipping allocation; maybe picking up@robrecht’s ideas will help) and ecosystem value - which could be dramatically improved by considering the following ecosystem staking options too in the future.

https://warpcast.com/juli/0x7e3c031a

I totally hear you. I think there are important issues in having freely delegated stakes, in that it allows bots to form a cartel and essentially re-combine their fragmented liquidity and tipping power in ways that are hard to detect as spam, but we'll reassess the complexity and try to find something that feels this simple.

Please don’t make it too complicated. Simplicity was key to attract me to degen & should be at the center of $degen. I just want a sound, well-distributed, fun, speculative token for Farcaster & Base and no crazy wealth redistribution games.

Delegate allowance to another wallet  is a large value-add though: 

1️⃣ delegate allowance to a good tipper would be great because not everyone with skin in the game searches Farcaster content and tips all day.

2️⃣ Tippers that want to get allowance should be easy to find directly on Farcaster & maybe someone builds a website for delegates. 

3️⃣Allowance should be possible to be split up.

4️⃣ Allowance should be easy to claw back.

Degen

Degen Allowance Recommendation to Not Let Whales Tip the Scales

Please modify the algorithm to calculate the threshold for 10K at any given time and then not count anything above that for any individual staker.

🎩🔥🖤

That’s a great idea! In the meantime, wouldn’t it be simpler to just:

Dom. Dark artist. 🖤 /alfafrens analyst 🖤 Creating emotionally evocative dark art as a means of self-discovery. 🖤 /zeroone-fam host 🖤#AIartist

Ideally we don't want to discourage large stakes, so we need to figure out something that protects the little guys while giving the whales a reason to go big. 

We're working on solutions that will give the community more power to determine the distribution of tip allowances!

That’s a great idea! In the meantime, wouldn’t it be simpler to just:
https://warpcast.com/tormential/0xdbe5e0f3

smart not doing this v1 but I think this has legs. Especially with the community dynamic. 

Would it work with farcaster wallets / could this be done in frame or cast action / button? 

That would be the ultimate UX