Conduit Resolving Degen L3 Issue, Tip Allowances Restoration Expected
Conduit Resolving Degen L3 Issue, Tip Allowances Restoration Expected
⚠️ Tip Allowances Restoration ETA
Conduit, the team behind the Degen ERC-20 token, is working to resolve an issue with the Degen L3 system. The team expects the nodes to be synced to the post-reorg state with a valid database by 8 AM PST, allowing tip allowances to be restored and functioning normally. Conduit will continue providing updates on the progress.
Security Alert: Protect Your DEGEN from Scammers
**Important Security Warning**: Scammers are actively targeting DEGEN holders. Follow these essential protection steps: - Store DEGEN in vault using dedicated wallet - Maintain separate wallet for app testing - Never connect vault wallet to unknown sites - Avoid responding to DMs claiming to be Degen team **Official Resources**: The only trusted source is [degen.tips](http://degen.tips) *Remember*: No legitimate team member will ever DM you directly. Recent increase in impersonators across social platforms requires extra vigilance.
Farcaster Announces Free Signups, Major Growth Expected
**Farcaster**, the decentralized social media protocol, is set to introduce free signups in a significant platform update. This change marks a pivotal moment for the network's accessibility and growth potential. The $DEGEN token, which has been instrumental in Farcaster's development through its tipping and reward system, will likely see increased utility with this expansion. - Free signups remove entry barriers - Builds on existing $DEGEN tipping ecosystem - Expected to accelerate platform adoption *Previously, users needed to purchase credits to join Farcaster.*
Lightweight Farcaster Client Announcement
A new minimalist Farcaster client combining elements of 4chan and HackerNews is in development. The platform emphasizes simplicity with: - Thread bumping functionality - Built-in tipping system - Anonymous posting by default - Focus on text and image content only The client strips away common social features like profiles, direct messages, frames, and recasts. Launch is scheduled for FarCon. This development follows Farcaster's recent integration with Coinbase Wallet's social feed, marking significant mainstream expansion.
Advent of Degen - Day 18 Highlights
**@kaspotz**, creator of @poidhxyz, receives community recognition for building one of Degen chain's most engaging platforms. The platform enables users to: - Post bounties - Verify completion with photos - Earn rewards **Bridge Updates:** - bridge.degen.tips preparing to implement Stargate routes - Currently users can bridge directly via Stargate - Trading available on @CamelotDEX after bridging *Notable Achievement:* @poidhxyz recently celebrated 2,000 DEGEN bounties milestone.
DEGEN Implements Anti-Farming Measures and Plans Vault Upgrade
DEGEN is cracking down on tip-for-tip farming: - Users caught trading tips excessively will lose their allowance - Daily tip allowances total 5M DEGEN ($1.2M/month at current prices) - Planned vault upgrade: longer locks = larger share of tip pool DEGEN aims to discourage low-tier farmers and maintain system integrity. Users are advised to consider these changes when locking DEGEN. **Reminder:** To receive tip allowances, extend your lock or re-lock withdrawable LDEGEN.