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Degen 🎩
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!
5,28K
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?
3,01K
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