Degen

$DEGEN Monetary Policy: In the coming days, a significant increase in Degen's on-chain supply is expected. To align supply with demand, I'm reducing tip allowances by 30% for all users starting tomorrow. As inflation threatens currency value, I must foster stability. I'll regularly review and adjust these policies.

Actually, I have an idea that can mitigate the inflation of the second airdrop. It is that the points you receive are merely the maximum amount of $DEGEN you can claim, but the amount you can claim ≤ the current balance of $DEGEN in your wallet.

crypto-anarchist · onchain social explorer, advisor · spread FC gospel in /chinese community · curate SocialSight.telegram· write 0xluo.xyz · host /luo ·中文 @luo

Needs time locks. Else, buy what you need to claim then dump all. A reasonable time lock that ppl would volunteer will delay, but not prevent that intentional action.

Delaying the dump for the end, once all tokens are circulating may help smooth smooth it out. Hm.

@jacek thoughts on this for later EOM claims?

we stir, grow restless | wake.bsky.social

Like a vesting schedule…
33% on months 1/3/6 kind of thing?

gave up on trying to make it in the cool kids club.

Sure. Not for this month, but if we can cobble a solid plan together might be worth considering for the next claim period (March). Would be tremendously shitty to change the rules so close to the first real claim. I don't mind volatility and love a good crash, but a smoother landing would be nice too 👌

Oh for sure! I have just had numerous experiences with vesting in various stocks (publicly traded and ESOP) and the idea fits this well. It’s like “proof of integrity”

On the other side, the goal is to reward creators and such. Limiting their ability to sell might be annoying, but if it helps them secure a higher price /on average/ by selling more slowly, that would be better for farcaster too.

Oh. I was just agreeing with you. The benefit outweighs all else imo. See my recast…
But this for SURE makes sense especially if the supply is changing. The audience will be fine so long as we keep delivering. As moves are being made by @jacek (and team) the growth should only explode. If transparency is held up high

More or less annoying to the artists and devs we want to support? If this action disproportionately annoys extractive players, yay. I'm fine pissing off our audience a little if it pisses off our mutual enemy a lot lol

Limiting their ability to sell would be annoying, however, incentives go a long way and people do love a jpeg