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Ramsey 🎩🤝
@ramsey
It's been 76 days since the degen tipping bans. While I do still think that a lot of people have been caught in the crossfire (me and the people I tipped in that last month included), there's nothing to be done there anymore. Technically, if you locked on that day, with the purpose of farming, and you plan to unlock and sell that degen, you have 14 more days until the unlock is possible. I do think (with no metric whatsoever), that the majority is already unlocked by pure farmers and/or people that think the numerous rule changes are not a good sign of the project. @fookinnowan has been meticulously keeping track of the vault stats (and I thank them for that). So far, nearly 50% of degen has been unlocked and presumably sold. I am wondering how the price action will look like after that period ends. Will the full exodus of farmers happen by then? Are they done selling or using LPs to farm more degen? Will the app be the catalyst for the return to previous prices? Or are we doomed, until ETH recovers?
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madyak
@madyak
Im still locked (until tomorrow) and then I'm out 100%. Not a fan of last minute rule changes. Loved tipping until it felt like a burden, then microsubbed to those I felt deserved it, then got banned.
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Ramsey 🎩🤝
@ramsey
yeah, the rule changes were brutal. exiting degen completely or LPing some?
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madyak
@madyak
Not completely sure. There have been a couple too many missteps imo, and am not really bullish short or long term. Not real familiar with the LP. I am always down to lp 😆 Doesn't matter if your bullish or not, volume = W
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Ramsey 🎩🤝
@ramsey
Fair enough. Good luck, whatever you choose to do
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