Degen

**Bridge Updates:** - Bridging $DEGEN between supported chains now operates near-instantly via bridge.degen.tips - Previous claim button issues after 7-day challenge have been resolved **Stablecoin Integration:** - USDT/USDC support coming soon to bridge.degen.tips - Currently, users should use Stargate Finance for stablecoin bridging to Degen chain - Important: Modal USDT/USDC contracts are outdated - use only for bridging out **Alternative Bridging:** Stargate Finance remains available for bridging WETH/USDC/USDT from: - Base - Arbitrum - Ethereum Mainnet *Visit bridge.degen.tips or stargate.finance/bridge for bridging services*

DEGEN Mainnet is upgrading to ArbOS 32 on January 15, 2025, at 9 AM PT. The upgrade brings three major improvements: - **Faster Withdrawals**: Orbit chains will finalize in approximately 15 minutes - **Stylus Integration**: New capability to build smart contracts using Rust/WASM - **Cost Reduction**: 99% lower costs for secp256r1 signature verifications No downtime is expected during this upgrade. While faster withdrawals require additional implementation work, this upgrade establishes the foundational infrastructure. *Stay informed about the upgrade progress through official channels.*

**Important Airdrop Update** The next liquidity mining airdrop is confirmed for Wednesday, January 15th. - Snapshot period: Active until January 14th (UTC) - Distribution date: January 15th *Participants should ensure their positions are maintained until the snapshot period ends to qualify for the airdrop.*

A community-built AI agent for $DEGEN has launched, promising to streamline token interactions through automated features: - Instant airdrop claims processing - Expedited LP airdrop claims - Enhanced Warpcast unlock & extension capabilities This release coincides with $DEGEN's first anniversary. The token, launched January 2024, has evolved from its initial airdrop to become a significant part of the Farcaster ecosystem. **Follow @degenbott** on Warpcast for feature updates and platform developments.

**@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 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, 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.

**@bountycaster** has introduced a new bounty page for $DEGEN token holders. This platform serves as a dedicated space for the Degen community to: - Post bounties for tasks or services - Take on bounties to earn $DEGEN tokens The new page functions similarly to Fiverr, but specifically for the Degen ecosystem. It provides a streamlined way for community members to exchange skills and services for $DEGEN tokens. **To explore the new bounty page, visit:** http://bountycaster.xyz/degen This development offers new opportunities for $DEGEN holders to engage with the token and community.

The DEGEN Halloween bounty has been increased by 100,000 $DEGEN tokens. Participants are invited to: - Dress up in any costume theme - Hold a sign saying 'Happy $DEGEN Halloween' - Submit their entry for a chance to win All legitimate entries will receive a commemorative NFT. The bounty is hosted on the poidh.xyz platform. **How to participate:** 1. Choose your costume 2. Create your sign 3. Submit your entry at https://poidh.xyz/degen/bounty/718 Join the festive celebration and showcase your creativity!

Degen Tips has introduced a new experimental feature for its RainDrop system: - RainDrops valued at over 10,000 $DEGEN will now be automatically quote-casted from Jacek's official account. - This feature aims to provide increased exposure for initiatives, projects, or events on Farcaster. - Users can try the new feature by visiting https://www.degen.tips/raindrop/current This update offers a unique opportunity for Farcaster users to gain visibility within the community through high-value RainDrops.