Post by @talig • Hey

Is the use case of Degan on Farcaster is the same as Bonsai on Lens?

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So... Nobody knows?...
My perspective is no at this point, but I haven’t been able to properly transact on Lens yet to say for sure, I only use Orb. Degen is developing very quickly and they are creating it as a L3 (Layer 3) to scale it up as what I see as a ‘social incentives currency’ across Base. So on Farcaster you can engage with tons of 3rd party apps and that creates a “wealth effect” beyond the walls of Farcaster. They are building liquidity across Dex’s and Bridges and it connects to Coinbase. Bonsai seems more niche and functional for this arts/media use case right now. Assuming the tipping works well on other apps (can’t try this with Orb wallet), it seems to incentivize production and distribution of “creative” content. Whereas I would say the use case of Degen is much broader, but that’s just my perspective.