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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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mvr 🐹
@mvr
yeah i'm still lp'ing $tn100x in aerodrome still don't understand why it's just 1M mc though, value is down a lot but made quite a lot on the $aero
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frederick
@sgniwder
agree. there's a lot of $aero to be made with the $tn100x pool
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mvr 🐹
@mvr
is that $bnkr earnings flowing there?
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