Degen

A savvy degen farmer could short DEGEN 1:1 on Coinbase or Binance after locking it in the vault, creating a delta-neutral position immune to price swings. They’d farm hard, and if banned, they wouldn’t lose money. I suspect this is already happening. Without slashing, the vault is ineffective against farming.

tinkering on farcaster and writing about it. https://newsletter.ambassadors.gg

I think in good times, you’ve got the flexibility to experiment and be generous, but in tougher market conditions, it’s important to step back, look at the numbers, and make sure what we’re doing really adds up. We probably need to tweak a few things to ensure every dollar is working in the best interest of the community. Designing systems that give away money freely should take a backseat to building systems that bring in inflows we can reinvest into initiatives that drive growth.

I didn't understand what happened! Apparently it's a good thing that I don't understand

Funny you say that, someone recommended me to do exactly that 😆 

But I wasn't degen enough (in the original sense of the word) to wrap my head around the mechanic.

Can't lie, if that's not truly Degen (aka defi degenerate) behaviour, then what is 😅

That’s some next-level degen strategy!  
If this is happening, they’re basically printing free money. Slashing might be the only real fix. 🤔

Everyone should contribute to the success of the project
Although I was not a farmer and was sanctioned
But if this helps the project, we accept

I 💜 DEGEN 🎩

can we put the degen in the vault to work for the community? use it for passive income, earn some safe yield or something?

and/or give some utility to the locked degen token.. ?!

not sure if centralized slashing will solve nothing.. pump it and liquidate their shorts will do it.. if the prices came down again before they unlock

I’ve been trying to figure out if my gf got banned bc she can’t claim her tips from January but she’s not on the ban list so i’m not sure what’s happening. Her account is @julietv 

Any idea?

Isn’t this equally true for any coin that can be used in “traditional” staking? Or am I misunderstanding?

Building trust in a project is truly important.

“Locking”

“Not losing money”

Ive heard of this one before

I will support what would help the project to shine more👌🏻

https://zora.co/collect/base:0x8a256e1b7d609350375bfba425f4cf9e7e79ae38/2?referrer=0x35EDEEE56EE03e1363F1CC8AcD5186C5B9CeD325
HAT STAY ON 🎩