Update: Degen Tips FAQ V7 (May 2024)

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What's New

  • Airdrop 2 Season 4 has kicked off as of 30 April 2024 UTC time, and will presumably end 30 May

  • The link to the latest complete FAQ will always stay the same, but I will post these individual updates to help you navigate what changed more easily. Subscribers will receive an email when new changes are published.

  • The tip allowance curve has changed, benefiting older and larger accounts

  • Only reactions to casts that were casted at most 8 days ago will now be considered

  • Daily tip allowance is now capped at 5 million DEGEN across all eligible donors

  • Specially guaranteed tips for perl, paybot, casterbites, ethXY have been eliminated - all users now have the same tip allowance rules apply to them

  • Expanded the section explaining Median Reactions with additional detail

  • Added a section about the impact of Storage on your allowance (TL;DR it's critical)

  • Added useful links (see the full FAQ for the links):

    • @ds8's Degen frame & cast actions

    • Farmarket: if you're looking for an old account to get that 3x multiplier boost

    • Degen airdrop analysis: all the airdrop stats you need

    • Degen tips data status: tells you whether the Dune data is up-to-date or not

Tip Allowance Changes

  • The curve has changed. Accounts with a 2x (22 days) and 3x (307 days) retroactive boost and more reactions benefit the most from this change. In this image, the green line is the season 4 curve, and the dotted red line is the season 3 curve.

    post image
  • Tip allowances are now scaled down from this curve, such that the total tip allowance across all users is limited to 5 million DEGEN per day.

  • Only reactions to casts that were cast at most 8 days ago will now be considered, and the date of the cast is used to build the median reactions data. Previously, the rule was any reaction made in the past 8 days would count, and the reaction date was used to build the median reactions data.

  • This rule change is potentially problematic in light of the newly implemented tip scaling, because the historical tip allowances can now "change" as new reactions come in for older casts:

    • When one user's allowance increases, because of the new 5 million daily cap rule, the allowance of other users must go down. Since the allowances snapshot is captured once at the end of the month, this means tips that were valid on the day could retroactively end up being invalid. That being said, the tipping logic also includes a 50% safety margin, so perhaps this may not be a problem.

    • Credit to llamatron.eth for discovering the above.

Collect this post as an NFT.

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Edward H. CarpenterFarcaster
Edward H. Carpenter
Commented 11 months ago

GM... how many people reading this have: a. Published a book with a traditional press? b. Self-published? (Amazon KDP or other ebook) c. Published an audiobook? d. Published a "literary NFT" / NFT book? Bonus Question: What excites you about publishing in Web3? Looking forward to dropping some $DEGEN on comments!

Danica SwansonFarcaster
Danica Swanson
Commented 11 months ago

a. d. For a): Haven't published a book with a traditional press as sole author, but I've done developmental editing for a nonfiction anthology and also contributed an essay to it. It was then published through a traditional press. So... sort of? For d): I've published "literary NFTs" in the form of essays.

Danica SwansonFarcaster
Danica Swanson
Commented 11 months ago

In answer to the bonus question: what excites me about publishing in web3 is the prospect that we might finally have viable ways to free the next Hemingway from flipping burgers. https://paragraph.xyz/@danicaswanson/writers-web3-and-earning-a-living/?referrer=danicaswanson.eth

Edward H. CarpenterFarcaster
Edward H. Carpenter
Commented 11 months ago

Congratulations on getting an essay in an anthology! Care to share the title? Also, how do you find Paragraph to be in terms of audience/income? 2 $DEGEN 🎩

Mark2Farcaster
Mark2
Commented 11 months ago

B and D and a little C for me. Recorded some chapters from my book on SoundCloud. Does that count?

Edward H. CarpenterFarcaster
Edward H. Carpenter
Commented 11 months ago

I think it counts! I've recorded audiobooks (still need to upload to Audible) and also used Murf AI to voice audiobook unlocks to one of my NFT short shories... Haven't got a SoundCloud yet - do you find it is either good for profit or audience-building? 3 $DEGEN 🎩

Mark42Farcaster
Mark42
Commented 11 months ago

b. Discovery is what excites me about web3 publishing; even though we may still be at the beginning of the premordial big bang stage, if that makes sense. Kinda like those Rocket reader days of yore when few could imagine reading fiction other than on paper.

Edward H. CarpenterFarcaster
Edward H. Carpenter
Commented 11 months ago

Great answer, Mark - and that's one of the things that excites me, too! I remember being "in" during the early days of KDP, Smashwords, etc - then having to focus on my military career for the next decade. Now, I'm able to focus on writing / publishing - and we're again at the "dawn of a new medium" 8 $DEGEN 🎩

narisofkaFarcaster
narisofka
Commented 11 months ago

The answer is here 💁🏼‍♀️ (ty @wake @marydeer on pointing to that ans @rjs on making that) didnt know we have that huge update! https://paragraph.xyz/@rjs/degen-tips-v7-update

qabqabqabFarcaster
qabqabqab
Commented 11 months ago

I still don't understand what is happening 😭😭😭

narisofkaFarcaster
narisofka
Commented 11 months ago

What you did 8 days ago is more important than what you did yesterday (shortly speaking)

marydeer🌼🎩Farcaster
marydeer🌼🎩
Commented 11 months ago

There's a lot of smart stuff written there, very interesting. I'm losing some of the gist of it, but it's very interesting

MetaMetaFarcaster
MetaMeta
Commented 11 months ago

thanks a lottt

Sander Jansen Art 🎩Farcaster
Sander Jansen Art 🎩
Commented 11 months ago

I started with 62 degen and now I'm at 31 😅

narisofkaFarcaster
narisofka
Commented 11 months ago

So just to experiment I’ve been extremely active last 2 days, overall my casts got 300 + reactions However allowance decreased for 40 degen each day So I wonder, how’s degen allowance is working now because decreasing while doing hard work feels unusual 👁️👁️🎩

narisofkaFarcaster
narisofka
Commented 11 months ago

The answer is here 💁🏼‍♀️ (ty @wake @marydeer on pointing to that ans @rjs on making that) didnt know we have that huge update! https://paragraph.xyz/@rjs/degen-tips-v7-update

marydeer🌼🎩Farcaster
marydeer🌼🎩
Commented 11 months ago

❤️‍🔥

memes4airdropFarcaster
memes4airdrop
Commented 11 months ago

there's no guesswork here. check /houseofdegen for rjs explainer on allowances. run your experiment for at least ten days.

narisofkaFarcaster
narisofka
Commented 11 months ago

You are awesome! Almost feeling like drawing a wake break dude 😏 thank you 69 $degen

Konstant FLUXFarcaster
Konstant FLUX
Commented 11 months ago

Yeah that is odd.

Fernando FragosoFarcaster
Fernando Fragoso
Commented 11 months ago

Same here: allo going down daily even if I try to engage more and more. We keep building!

narisofkaFarcaster
narisofka
Commented 11 months ago
marydeer🌼🎩Farcaster
marydeer🌼🎩
Commented 11 months ago

https://paragraph.xyz/@rjs/degen-tips-ultimate-faq I came across this article with calculations, quite a lot of factors that affect our daily allowances.

marydeer🌼🎩Farcaster
marydeer🌼🎩
Commented 11 months ago

As I understood it is important not only the activity of our audience, but also that they should be exclusive people. Also has an influence when were our first casts (which means that we should always keep an eye on our vault) and something else, I need to honor a couple more times

MetaMetaFarcaster
MetaMeta
Commented 11 months ago

owww, mine is decreasing too but i thought it was normal because my average daily reactions decrease as well 🤔

narisofkaFarcaster
narisofka
Commented 11 months ago

nope, scroll through my page and see how many reactions ive got yesterday and be surprised that allo went from 640 to 601 today hmmm

MetaMetaFarcaster
MetaMeta
Commented 11 months ago

well yeah so i really think they put some new rules in the allowance and so it decrease little by little no matter what because i checked friends allo on dune and everyone got reduced. there is probably a reason, i would love to know 😆

👑eiteen go🌸<3Farcaster
👑eiteen go🌸<3
Commented 11 months ago

要確認:アロワ算出変更点  多くの方にはマイナーだが,重要な変更の方もアリ 変更点 以前:反応日にカウント(全過去分も当日カウント) S2-4:8日分のCast日付に戻りカウント ※過去CastでChannelPin等がある場合.過去アロワが増減可能性

👑eiteen go🌸<3Farcaster
👑eiteen go🌸<3
Commented 11 months ago
Nicolas Davis ↑🔆🔵Farcaster
Nicolas Davis ↑🔆🔵
Commented 11 months ago

what you need to know about szn 4by @rjs tldr: 1) daily $degen allo is now capped at 5 million 2) the distribution curve has changed, benefiting older & bigger accounts 3) only casts that we’re made in the past 8 days will be used to calculate your allowance https://paragraph.xyz/@rjs/degen-tips-v7-update

RJ (replyor)Farcaster
RJ (replyor)
Commented 11 months ago

how many extra points do you get for having your new pfp? ;) but really, this hurts a bit.

Nicolas Davis ↑🔆🔵Farcaster
Nicolas Davis ↑🔆🔵
Commented 11 months ago

LMFAO none just A BIGGER SMILE ON MY FACEEEE! wdym it hurts?? you mean for smaller accnts?

RJ (replyor)Farcaster
RJ (replyor)
Commented 11 months ago

My acct still pretty smol. 90% cut is a tough pill to swallow for anyone. Unrelated, but any idea what the trick is to buy more storage? My app won't let me (I go in to storage, says make a selection, and there are none) and I don't see the option on web.

baubergoFarcaster
baubergo
Commented 11 months ago
Nicolas Davis ↑🔆🔵Farcaster
Nicolas Davis ↑🔆🔵
Commented 11 months ago

ahhhh so this is why keeping your storage is necessary! i assume if u lose the first cast due to storage it will change ur boost! cc: @big-red

baubergoFarcaster
baubergo
Commented 11 months ago

Yep, it will reset for the last saved one. Hence can lower your allowance drastically if you cast a lot of

AstroRoss 💎✨Farcaster
AstroRoss 💎✨
Commented 11 months ago

You missed number 4) ser 😂

Nicolas Davis ↑🔆🔵Farcaster
Nicolas Davis ↑🔆🔵
Commented 11 months ago

whats number 4 lol, 🤣🤣🤣

AstroRoss 💎✨Farcaster
AstroRoss 💎✨
Commented 11 months ago

150% is still in play

Decolife 🦁Farcaster
Decolife 🦁
Commented 11 months ago

Bookmarked to read tomorrow morning

Nicolas Davis ↑🔆🔵Farcaster
Nicolas Davis ↑🔆🔵
Commented 11 months ago

a must read if you are trying to play smart!

RchFarcaster
Rch
Commented 11 months ago

helpful.

Nicolas Davis ↑🔆🔵Farcaster
Nicolas Davis ↑🔆🔵
Commented 11 months ago

rjs always answers the questions before they are asked lol

kenanie.base.ethFarcaster
kenanie.base.eth
Commented 11 months ago

Ngl it's getting complicated

Nicolas Davis ↑🔆🔵Farcaster
Nicolas Davis ↑🔆🔵
Commented 11 months ago

we just keep on replying

kenanie.base.ethFarcaster
kenanie.base.eth
Commented 11 months ago

That’s not debatable

Red 🎩Farcaster
Red 🎩
Commented 11 months ago

Interesting. Some of these decisions seem odd to me. Wouldn't you want to incentivize activity from newer members rather than old/big accounts? Also if only reactions within the last 8 days matter, doesn't that make storage mostly useless?

Rambobaggins 🎩Farcaster
Rambobaggins 🎩
Commented 11 months ago

I would assume because the snapshot for payout is taken at the end of the Month, you could end up getting a lot less if the storage wasn’t upgraded- the tippers oldest casts start getting deleted

Red 🎩Farcaster
Red 🎩
Commented 11 months ago

Which is kind of crazy. I have to pay to make sure my tips are valid? That feels like the incentives are in the wrong direction. Also, calculating everything at the end of the month seems like an odd choice. Why not along the way?

GuillaumeMK⛷️📸🎩Farcaster
GuillaumeMK⛷️📸🎩
Commented 11 months ago

Good read, thanks bruddi! 🙏🏼

Ryan J. ShawFarcaster
Ryan J. Shaw
Commented 11 months ago

Degen Tips FAQ Season 4 / May 2024 update just dropped https://paragraph.xyz/@rjs/degen-tips-v7-update

Ryan J. ShawFarcaster
Ryan J. Shaw
Commented 11 months ago

Sorry email subscribers, turns out I can't send emails until my account is reviewed 😶 Will send as soon as that's done.

Pelin GençFarcaster
Pelin Genç
Commented 11 months ago

Thanks! Perfect article

 Frogzu🎩🍖 🎭Farcaster
Frogzu🎩🍖 🎭
Commented 11 months ago

And you can complete with 🟩 DEGEN INFLATION RATE Circulating supply is 12500M $DEGEN Max Monthly DEGEN Emissions NOW ARE 150M (5M x 30 days) But real is around 4M -> https://dune.com/queries/3692983 That is 1% monthly inflation And around 10% per YEAR BULLISH :)

silly gooseFarcaster
silly goose
Commented 11 months ago

10 $degen

JCFarcaster
JC
Commented 11 months ago

Appreciate this Ryan 10 $degen

derpin.base.eth 🔵 🟡Farcaster
derpin.base.eth 🔵 🟡
Commented 11 months ago

20 $degen thank you ryan! hopefully some larger allos take care of you

Tom ツFarcaster
Tom ツ
Commented 11 months ago

Thankyou 500 $degen

ZonniaⓂ️🎭🍌🍖🍄Farcaster
ZonniaⓂ️🎭🍌🍖🍄
Commented 11 months ago

You are generous. Keep it up

baubergoFarcaster
baubergo
Commented 11 months ago

Sorry I didn't read the whole article I'm doing it now lol

baubergoFarcaster
baubergo
Commented 11 months ago

Actually, the first question remains. With the new change, you don't technically need to buy storage like before?

Ryan J. ShawFarcaster
Ryan J. Shaw
Commented 11 months ago

Can you link me to your question?

baubergoFarcaster
baubergo
Commented 11 months ago

And the Perl question too. Lol all my questions remains in the end.

Cosmos Astro Art 💎🍖🎩✨Farcaster
Cosmos Astro Art 💎🍖🎩✨
Commented 11 months ago

very cool thanks!! 99 $degen

memes4airdropFarcaster
memes4airdrop
Commented 11 months ago

1000 $DEGEN

Update: Degen Tips FAQ V7 (May 2024)