Degen

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.

Degen Chain, a blockchain network that powers the Degen ERC-20 token used for rewarding quality content on Farcaster, has been experiencing an outage for over 24 hours. The team at Conduit, the company behind Degen Chain, is currently working to resolve the issue after a custom configuration change was made on Friday.

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.

Racer has been chosen by the community to serve as the president of the FriendTech Degen Club. The Degen Club is an initiative that rewards quality content on the Farcaster platform with the ERC-20 token DEGEN, which was launched in January 2024. This system aims to bridge the gap between online contributions and real-world value by recognizing unique posts and comments.

On May 4th, 2024, Jacek modeled the Degen University hoodie designed by the @floc.eth crew during the Farcon event. The team behind the hoodie is reportedly planning a larger production run of the collectible item.

At the recent Farcon event, an innovative tipping mechanism was introduced by @grin, allowing attendees to tip others with the $DEGEN token for quality content. This offline tipping system bridges the gap between online contributions and real-world value, reshaping the Farcaster ecosystem.

A new Dune dashboard created by @4cademy has been introduced, serving as a Degen allowance calculator. The key feature is a 5 million cap allowance for the entire Degen ecosystem, with the ability to track individual allowances. This tool aims to provide transparency and oversight for the distribution of the Degen token within the Farcaster community.

Degen, the ERC-20 token launched in January 2024, has announced that Season 3, Airdrop 2 rewards are now available for claiming. Users are encouraged to visit the designated website to claim their rewards. This airdrop is part of Degen's initiative to incentivize quality content creation on the Farcaster platform by rewarding unique posts and comments with real-world value.

The closing talk at the upcoming Farcon event will explore the future of on-chain communities. The discussion will feature insights from Will Papper and Ian DAOs, prominent figures in the decentralized space. On-chain communities have gained significant traction, enabling new models of incentivization and value exchange within online ecosystems.