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Degen

By CoinGecko | Updated on Nov 03, 2020
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. 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.

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Related Terms

Futures
An agreement between two counterparties that obligates them to transact in the future based on the contract terms set.
Decentralized Finance (DeFi)
Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free.
Trustless
Entirely verifiable, without needing to trust or assume an action is done completely and in good faith.
Central Ledger
Central data repository of a company or bank
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