Degen

Daily Discussion Thread - /degen - February 12, 2025

1️⃣ The Lockup Vault – A Bad Deal for DEGEN?

The vault was designed to require users to hold DEGEN in order to receive daily tipping allowances. The idea was that this would reduce sell pressure and incentivize long-term commitment.

But the numbers tell a different story:
	•	Right now, a 1.9M DEGEN deposit gives you a 10K DEGEN daily tip allowance
	•	If fully farmed over a year, this results in an APR of 184% 😳
	•	That’s a massive ROI for a short lockup, creating huge inflation in the ecosystem

This raises a key question: Are we getting enough back for giving out these rewards? Right now, it looks like the system is disproportionately benefiting farmers rather than long-term ecosystem participants.

Maybe I missed the continuation of this cast:
https://warpcast.com/jacek/0xf6242ed1
but what will be the future of Vault after this evaluation of it? Will we still have a Vault 2.0?

“Club Coins” ♣️ on Base.

https://far.club

Hi boss Some people ......

It's my opinion the answer is : NO 

BUT WE LOVE HERE FOR YOU DEGEN


@jacek

It’ll be wicked not to tell! Spread the goodnews