What is degen crypto

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What are Degen Yield Farms? (Animated) - Crypto Pyramid Schemes
A subculture associated with a disreputable corner of decentralized finance known for pump and dump schemes. What Are DeFi Degens? DeFi is home to many of the. Degens: The high-risk crypto traders making millions from nothing � WHAT IS A DEGEN, ANYWAY? The term 'degen' can be traced back to sports. Shorthand for Degenerate. Degen trading or Degen mode is when a trader does trading without due diligence and research, aping into signals.

account_circle Kazahn

calendar_month 13.04.2023

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account_circle Zolorn

calendar_month 18.04.2023

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Does that mean that more experienced influencers such as Jejouw would warn younger traders, with less money to fall back on, to stay away from the degen community? Full definition. Related: How To Create An Ethereum Crypto Wallet With Metamask CoinGecko describes a 'degen' short for 'degenerate' as someone who " buys into an asset not because they see value, rather they do so with the belief that others will join in after them and speculate on the price swings. Because DeFi is completely unregulated, it is easy for new protocols and liquidity pools to pop up offering 10, percent APY paid out in a new cryptocurrency that can be sold on a decentralized exchange DEX like Uniswap.