Degen

GM Degens,

Curious to hear your thoughts on a potential $DEGEN burn. The foundation currently holds 32.5% of the supply. While we could use it for future airdrops (like for the Degen app or other ideas), that would dilute current holders, which doesn’t feel right for those who’ve been hodling.

We’ll always need some $DEGEN to keep building, but probably not 30%+. And let’s be honest, that big supply has scared off some new users worried about future inflation.

One idea: a phased burn 🔥. Steadily burn tokens monthly until we reach a sustainable amount for years of building, while rewarding long-term holders. We wouldn’t burn everything, but it would shift tokenomics, and likely remove any big airdrops down the line.

What do you think: burn or distribute more to the community?

Burns are usually not recognized in the market so if you do it, a phased approach is best. People need to see continuous large actions onchain for it to stick. Ideally, a one way door like a contract that once deposited it just burns some amount no matter what. 

Also well worth  evaluating LP incentives that are sustainable. A diverse well fed LP set is critical.