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Jacek.degen.eth 🎩
@jacek
Hey Degens 👋 Thanks for your feedback on a potential $DEGEN burn. It's clear many of you care deeply about $DEGEN's long-term sustainability. Here’s what we're considering right now (nothing finalized yet!): 📅 August 28th: A Big Milestone - Possibly our final airdrop. - Unlocking all $DEGEN tokens from the vault. - Strong community support for stopping inflation via ongoing airdrops. 🔥 One-Time Token Burn - Considering a one-time burn equivalent to roughly 10–50% of the amount claimed during Airdrop 2 (approx. 400M to 2B tokens). - Important: We're not burning tokens you've claimed, just using the claimed amount as a benchmark for how much we might burn. - This burn would coincide with the end of current tipping allowances. - Likely having a community call to discuss and celebrate the milestone. 🛑 Ending Liquidity Incentives - Possibly stopping Aerodrome liquidity mining incentives in August. - Ending Beefy incentives on October 16th. - These steps would significantly reduce future token emissions. 💸 Starting Token Buybacks - Potentially beginning buybacks in August using earnings from: - LP rewards - Mini app revenue - Future Degen App earnings - Bought-back tokens would be regularly burned, up to a defined cap. - Goal: Reinforce community alignment and long-term sustainability. Full details in a blog post this Friday. Have questions or suggestions? Please share them below, we'd love your input!
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greyseymour.eth
@greyseymour
Epic. That which remains unchanged, does not survive. My only suggestion to improve this even further is to think about what cool new utility, partnerships, or other stuff you can announce in tandem with this next chapter (if you feel that’s appropriate). Can always find doubters and detractors for these choices you’ve laid out… hard to rain on announcements of cool new stuff of the variety I’ve suggested! :)
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Jacek.degen.eth 🎩
@jacek
We're working on the Degen app (a Farcaster client) and the Degen mini app on Farcaster. https://blog.degen.tips/degen-app-sneak-peak.
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