Update: Degen Tips FAQ V7 (May 2024)

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

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.

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.