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Home/Glossary/Degen
Slang

Degen

In shortShort for "degenerate": someone who takes extreme risks on memecoins, leverage or new protocols.

Often used with pride. Degen trading can produce big wins, but most of the money ends up with the earliest buyers and the platforms.

← DeFi lendingAll terms A–ZDepeg →

Related terms

  • Ape (aping in)Buying something quickly and heavily, without much research.
  • MemecoinA token based on a joke, animal or internet trend, with value driven almost entirely by community and attention.
  • LeverageTrading with borrowed money so that a small price move has a big effect on your position.

More in Slang

  • Alpha
  • Bagholder (bags)
  • Diamond hands
  • DYOR
  • Exit liquidity
  • FUD
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