Degen

Warpcast channels are set to become permissioned, requiring write access for posting. To prepare for this change, a Daily Discussion Thread is being introduced in the /degen channel. Key points: - Permissioned access coming soon to Warpcast channels - Write access will be necessary for posting - Daily Discussion Thread launched in /degen channel - Community engagement encouraged in the new thread This follows the recent transfer of /degen channel ownership, aiming to maintain it as the primary hub for degen-related discussions. *Join the conversation in the Daily Discussion Thread to stay connected with the degen community.*

The Degen Vault, a new feature allowing users to lock up $DEGEN tokens in exchange for tip allowances, has officially launched. While the system is now operational, it has not yet entered full functionality. Users who have deposited into the Degen vault should now see Locked Degen in their wallets. Balances can be verified on the BaseScan blockchain explorer.

The Degen community is being called upon to vote on the Season 6 proposition. The proposal suggests a minimum lock of 10,000 DEGEN tokens for three months to qualify for a tip allowance. The allowance will be primarily based on the locked amount, with a cap on the maximum allowance. Additionally, users with a high OpenRank on Farcaster will receive a small boost. The community's approval is needed to launch Season 6, with potential adjustments and additional boosts planned for future seasons. This follows a recent survey on minimum token locks for Degen Airdrop 2 Season 6.

Rarible, a popular NFT marketplace, has announced support for minting NFTs using the $DEGEN token. A collaboration between Rarible and Degen has resulted in a new NFT collection created by the artist floc.eth, which is currently available for minting. Jacek, a representative from Rarible, hinted at further developments related to this integration.

On June 8th, 2024, Jacek, a prominent figure in the Degen ecosystem, issued a call to action for anyone developing games or applications on the Degen L3 platform. Developers working on Degen L3 projects were encouraged to reach out and showcase their work.

Today marks another claim day for Airdrop 2 Season 4. While most users are likely to see a decrease in their claim amount compared to previous seasons, it remains a significant event for the community as they receive rewards for their contributions.

The Degen community on Farcaster has announced plans to introduce token gating and access controls for the /degentokenbase channel, which serves as the primary hub for discussions related to the $DEGEN token and Degen L3 initiatives. This move aims to create a more exclusive and curated space for token holders and active community members. Further details on the implementation timeline and specific requirements are expected to be shared in the near future.

Jacek, a prominent figure in the Farcaster ecosystem, announced today that the tipping algorithm will undergo an update. Instead of relying on engagement data, the new algorithm will utilize social graph data to determine how often users tip each other. This change aims to provide a more accurate representation of the value users place on content within the community.

Conduit, the company behind the Degen chain L3, has announced that the network is back online after experiencing nearly 48 hours of downtime. The company has provided a thread with further details regarding the incident and the restoration process.

Degen Chain, an ERC-20 token launched in January 2024 that enables rewarding quality content on Farcaster, has resumed operations after a period of downtime. The team expressed gratitude for the community's patience and support during the outage.