– Degen

– DeFi Llama

Name: Daramola Olalekan Oluwatofunwa

Assignment

THE MEANING OF A DEGEN IN CRYPTO?

Degen

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 { Fully diluted value = Maximum supply of a token X Current market price
of the token.} or TVL { Total value locked } nor do they care. They will buy because the asset logo
looks cute, or because the slogan is memeable, or because some twit-famous anime girl on the
internet says she's looking into crypto and the first two shill comments gets more likes than others.
Essentially, a degen trader 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.

Degen is short for “degenerate”, usually refers to people who often make risky and bad bets. In the
crypto space, it can refer to people who invest in digital assets like NFTs without doing due
diligence.

DeFi Llama

DefiLlama is the largest TVL aggregator for DeFi (Decentralized Finance). Data is fully open-
source and maintained by a team of passionate individuals and contributors from hundreds of
protocols. The focus is on accurate data and transparent methodology.

DeFi Llama tracks all popular chains and their respective applications (DApps)

The platform aggregates the data and presents it to the world for free, including cumulative data for
all chains combined.