Ticker
DEGEN
Invested
Status
New Submission
CEX
KucoinGate.ioHTXMEXCCrypto com Exchange BingX BitMart HTX Bitget LBank
DEX
UniswapSushiswapPancakeJupiter
Date
May 8, 2024
LP Comments
LP1
$10.2M
LP2
Platform/Blockchain
Base
Project Website
Researcher Email
drtmcghie.rheum@gmail.com
Researcher Name
Taneisha Phillips
Risk Level
Medium
TVL
$2.37M
Team Experience
Farcaster was co-founded by Dan Romero and Varun Srinivasan in 2020. Before co-founding Farcaster, Romero and Srinivasan worked together at Coinbase for about five years between 2015 and 2019.
Team Link 1
Team Link 2
Team Quality
B
Trend
DeFi/PlatformMeme
Use Case
Dubbed “unofficial token” of Farcaster — a popular decentralized social platform. DEGEN claims utility within Farcaster. Degen chain launched as a modular L3 chain that uses Base L2 for execution, and is used to pay gas fees on the Degen L3 chain.
Initial Researcher
Notes
Notion Link
Tokenomics
Tokenomics Link