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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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frederick
@sgniwder
I really wish degen would've followed the ham playbook with rewards for holding and staking $tn100x, nfts, etc... looking at @aerodrome's protocol metrics and you'll see that $tn100x is still providing rewards to holders months after being away from farcaster... this is what keeps holders holding... $degen aerodrome vs $tn100x aerodrome
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Jacek.degen.eth 🎩
@jacek
we’re actually suggesting doing that by using our LP to buy back $DEGEN. if you’re holding, you benefit. no staking, no weird hoops, just hold and chill.
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frederick
@sgniwder
appreciate the response jacek. that said, there's not a big incentive to vote or stake in the weth/degen lp bc the apr% is only 19%. with limited incentives, i would rather hold or sell my degen and use my weth with other tokens that provide yield. if you used the $degen to incentivize voters and stakers, people would want to stake $degen in the lps. again some will sell, but if you have the right incentives, I think you would see many people using the incentives and adding them to the lp to earn more.
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