$DEGEN

🧵 3/3

TL;DR: Staking and incentives should exist, but they should not be linked to having allowance.

If the token is to grow and the target is people who stake 1M or more, these people who are not in the game today due to lack of time will have an incentive to enter the game with less effort. That's it, isn't it?

The coolest thing about allowance is curating interesting people, whether they are well-articulated individuals or people doing interesting projects within the community, thereby improving and strengthening the entire community. Those who come in with money and little effort won't have the time or patience to do this curation (with rare exceptions) because they simply don't do it today.

These individuals need to get into the game and have incentives, but that shouldn't be the definitive factor in who should have allowance.

I understand the value of curating interesting people, but relying solely on Farcaster reputation isn't ideal. Linking allowances to staking ensures that those who have a vested interest in the project's success are receiving the incentives. This approach promotes commitment and long-term growth.

If we base tip allowances on Farcaster rank, aren't we just paying influencers to promote us? We want new users to get involved over time, starting with staking and eventually producing great content. Think about Nouns—should non-Nouns members manage the Nouns treasury? No, that wouldn't make sense.

So i think, if possible, other parameters other than followers and raw engagement should be considered. 

Idk how these things work but maybe rewarding consistency, time in the app, interactions with unique FIDs, keeping the current point system but with a lower weight for mentions, spam score (or however you’re calling how much someone is reported)…

I don’t know how these things are digested or how the data shows up.

Maybe some other parameters can be considered.. 

Well, if you read this much, thank you 🫡

I think this season would’ve been near perfect if the allowances were more spreadly diluted. Maybe from 1 to 3000 or 4000 a less unequal share of degen instead of giving lots of them a 5 degen allo. 

I understand the staking thoughts but maybe there’s another way out. what if we could link, like, each x thousand degen to a y allo boost, with a cap? 

My pov doesn’t have to matter, but as I see, linking allowance to staking only does the same as always: the whales and whoever they like gets it all. 

If I were to stake 100k degen, it would mean 2 months of wage’s worth at the current rate and up to 6 months if we considered 0.03/degen. 

I couldn’t never consider staking 1 million. Should us, from undeveloped countries, give up?

i’ve been here, grinding day and night to make connections. I love WC, but time is money and if i’m dedicating over 50h weekly here and can’t even get it to help me with the bills, i’ll have no other option than to reduce my time & effort. (i want to stay)

Who really decides what good content is? Just having a lot of followers doesn’t mean the content is valuable. By linking allowances to staking, we focus on commitment and long-term engagement over popularity. This way, we build a healthier, more dedicated community.

same problem as ever; "goodness" has trouble competing against "rabid, selfish pieces of shit"

We can say that the problems Degen is facing, to some extent, reflect the broader challenges the world is currently confronting—governance dilemmas and human problems in general.

So staking, then, is a soft pivot towards "degens managing their own treasury" ie, a dao of sorts. That's... not an awful idea, but Nouns manage through cooperation. The staking pool you're proposing is /competitive/ -- and while that's decidedly more /degen/ it may not produce the /effective altruism/ you want because the best staking game players are also the worst people (me; see also the American election for details) 🍿

Could some sort of tipping lotto system be integrated, where active users do get random days of higher than normal distribution power.

Key performance or engagement metrics may be a criteria to reach an entry,vesting and activity also considered

I think there's a middle ground here but I understand your decision to go completely one way for now. 

Have a feeling you'll come to this conclusion though by the end of July that some social rank mixed in with the vesting can be weighted in the calculation for allowances

But as they say... Let's let it cook

I'm not a power badge so you can't see my posts, but what you're saying is you're confessing that you paid influencers to promote this season?

In order to finally understand this, it was necessary to ditch two seasons and say goodbye to many participants in the project?! @jacek And where’s my points?

That's true but think about it , staking allowance would be just a percentage of allowance and a percentage by farcaster rank , Degen is farcaster token as we know , so it's a valuable move when farcaster users with high effort can get higher percentage,
Don't you think combination can be more satisfying for the community? Also I'm involve new comers to be participate while making values with the olders ?
@jacek