What does Degen mean in crypto?

In crypto, “degen” is short for degenerate. It describes someone who chases after seemingly promising opportunities without conducting sufficient prior research. Being a degen can certainly be a bad thing, although it’s commonly used by crypto traders (who do in fact do their research) to jokingly refer to themselves. What Is a Degen in Crypto?

What is Degen trading?

Shorthand for Degenerate. Degen trading or Degen mode is when a trader does trading without due diligence and research, aping into signals and FOMO into pumps. A Degen Trader does not know about metrics like FDV or TVL nor do they care.

What does a 'Degen' actually look like?

In the world of DeFi, a “degen” doesn’t necessarily look so depraved. They are simply someone who acts on zero or poor information – or, more commonly, someone who has embraced self-effacing humor while referring to themselves. You don’t want to be an actual degen, of course. So what does a degen actually do?

What is Degen coin flip (DCF)?

Degen Coin Flip (DCF) is a Solana blockchain smart contract that allows holders to play the “Double or Nothing” gamble, which involves doubling one’s winnings or wiping out a growing debt. And instead of fiat money, what players have to bet are their Solana tokens (SOL).