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The best part of LICEcap is that the result is often quite lightweight, even though the color palette isn’t always the best.

Too bad it’s a little buggy on macOS (especially Catalina)

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On macOS, I use GIPHY Capture - not open-source but free and works much better than LICEcap.

edit: just noticed this comment https://news.ycombinator.com/item?id=22692523

I’d rather not use yet another bloated Electron app. The bugs can be overcome and the results are not affected

It is actually a native and fast Swift app and its only feature that can be considered 'bloated' is instant upload to giphy.com (which I have never used).

If you want a good palette, try https://gif.ski

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