Degens Max Out Deposit Limit on SeamlessFi Lending/Borrowing Platform
Degens Max Out Deposit Limit on SeamlessFi Lending/Borrowing Platform
🤯 Degens Swarm New DeFi Pool
SeamlessFi, a decentralized finance platform, recently opened a lending and borrowing market for the Degen token. The Degen community has shown immense interest, maxing out the deposit limit for the new market. Currently, the platform is operating in a deposit-only mode as it awaits the onboarding of a price feed oracle to the Degen chain. SeamlessFi had previously announced the launch of this market and a partnership with the Degen project, which aims to incentivize quality content creation on the Farcaster social media platform.
It looks like Degens have maxed out the deposit limit for the lending/borrowing setup on @SeamlessFi. Appreciate @TheBlock__ for covering the market's opening. It's deposit-only right now as we wait for an oracle to onboard a price feed to the Degen chain.
Seamless launches the first ever altcoin DeFi lending markets on Base! @degentokenbase gonna Degen...caps were maxxed out immediately after the markets opened...more to come with this demand 🎩 Thanks for covering these new markets @TheBlock__ ! theblock.co/post/289721/se…
Excited to be partnered with @SeamlessFi, working towards opening a lend/borrow market soon. In the meantime, they've launched their own grants program, which is worth exploring.
👏Excited to expand the shelf of the Seamless Community Grants Program! 🤝Partnering with @degen and @Pandora_ERC404 to co-sponsor @base community grants. 🦺If you're a builder building cool tools pls reach out! More coverage here from @Cointelegraph: cointelegraph.com/news/vc-roundu…
Excited to announce that @SeamlessFi has opened a lend/borrow market for all Degens! $SEAM rewards will be distributed to participants in the pool. Happy lending and borrowing!
Calling all degens, who's ready for altcoin markets on Seamless 🎩 ?! @degentokenbase's $DEGEN is first up -- Let him cook. Now live on app.seamlessprotocol.com
Security Alert: Increased Scam Activity During Market Uptrend
As market conditions improve, there's a notable increase in scammer activity targeting crypto users. Key safety reminders: - Never trust unsolicited links or messages, regardless of appearance - Use only [Degen.tips](http://Degen.tips) as the official website - Verify authenticity through official Farcaster channel: [warpcast.com/jacek](http://warpcast.com/jacek) Multiple reports of impersonators attempting to phish and steal assets have emerged. Exercise heightened caution when connecting wallets or approving transactions.
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.
Vitalik Buterin Uses $DEGEN for Charitable Causes
Vitalik Buterin, co-founder of Ethereum, has utilized $DEGEN tokens to support important causes. This move highlights the potential of cryptocurrencies to make positive impacts beyond financial transactions. Key points: - Buterin still holds 7.5M $DEGEN tokens - The use of $DEGEN for charitable purposes aligns with the token's community-centric ethos - This action demonstrates how Ethereum enables the creation of unique communities and economies The $DEGEN community expresses respect and appreciation for Buterin's actions, emphasizing the importance of using blockchain technology for social good.