Degen

"Degen," short for "degenerate," is a slang term used in the cryptocurrency and DeFi communities to describe risk-taking traders or investors who engage in highly speculative activities. Degens often seek quick profits by investing in volatile assets, meme coins, or yield farming projects with high returns but equally high risks. The term is often used humorously but underscores the potential for significant financial losses when engaging in such speculative behavior.

Degens are known for jumping into newly launched or untested projects, hoping to capitalize on rapid price increases or high-yield returns before the broader market catches on. While some degen strategies can lead to quick profits, they also come with the possibility of substantial losses, especially when investing in projects with little proven value or security.