Jacek.degen.eth 🎩 on Farcaster

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Jacek.degen.eth 🎩 pfp

Jacek.degen.eth 🎩

1/2 Hey degens, quick transparency update. The Foundation has been using part of the treasury to write call options and generate income. These are set well out of the money, so they only activate if $DEGEN goes up. If they do, a portion may convert to USDC. It’s a way to extend runway and stay self-funded. Around $3M notional is out now, but that changes month to month. The Binance Alpha drop and some treasury activity came from the Airdrop 3 pool. We haven’t updated the tokenomics page yet, that’s coming soon. Plan is to shift more toward the ecosystem and future growth.

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Jacek.degen.eth 🎩 pfp

Jacek.degen.eth 🎩

2/2 Over the past few months, we’ve reduced airdrops. Tip allowances will end when the Degen App launches. We're building for the long term, without relying on VCs or dumping tokens. Some VCs took meetings, tried to buy OTC at a discount, then market bought and dumped. No support, no alignment. Same with certain airdrop farmers who took millions and vanished. Shoutout to 1confirmation, they’ve always been on our side and aligned with the mission. The treasury is strong. The app is close. We’re still here, still building. Grateful for everyone sticking with us.

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BrixBountyFarm 🎩 pfp

BrixBountyFarm 🎩

Appreciate the communication. When did y’all start writing these options ? Curious what the allocation to binance alpha was. Would you share reason behind maintaining beefy rewards vs cutting or ending tipping allocations when you get a moment - aka no rush on a late Sunday night or early Monday AM Thx

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Kyle Patrick pfp

@kylepatrick.eth

I think other people would agree that the tokenomics need to be updated too, I think the airdrop model has done its job and I don’t see the meta being the same for airdrop 3 so happy to support what you and the team will do to ensure degen longevity — will support pivots!

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ZEEDAN🎩🐱👾 pfp

ZEEDAN🎩🐱👾

Will you open beta in testflight?

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Colderine pfp

Will the tokenomics page cover the options and airdrops?

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Mikasa🦋🖤 pfp

Whatever works, as long as we aren't rugged in the process. 💜🎩

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zkTriumph.base.eth pfp

zkTriumph.base.eth

Dont forget long term lock up or staking. The hat stays on

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Mohammad 🎩👏 pfp

Mohammad 🎩👏

The hat stays on 🎩

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@BestCryptoTwits pfp

@BestCryptoTwits

@bestcryptotwits

where in the world are these call options? y'all got call options on Base and Ethereum??

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Miladbegdeli.base.eth 🔵🎩 pfp

Miladbegdeli.base.eth 🔵🎩

Good to see the team focusing on ecosystem growth.

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SODIQ OLAWALE🎩🥚 pfp

SODIQ OLAWALE🎩🥚

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