Degen

1/2 Hey degens, quick transparency update. The Foundation has been using part of the treasury to write call options and generate income. These are set well out of the money, so they only activate if $DEGEN goes up. If they do, a portion may convert to USDC. It’s a way to extend runway and stay self-funded. Around $3M notional is out now, but that changes month to month.

The Binance Alpha drop and some treasury activity came from the Airdrop 3 pool. We haven’t updated the tokenomics page yet, that’s coming soon. Plan is to shift more toward the ecosystem and future growth.

2/2 Over the past few months, we’ve reduced airdrops. Tip allowances will end when the Degen App launches. We're building for the long term, without relying on VCs or dumping tokens.

Some VCs took meetings, tried to buy OTC at a discount, then market bought and dumped. No support, no alignment. Same with certain airdrop farmers who took millions and vanished. Shoutout to 1confirmation, they’ve always been on our side and aligned with the mission.

The treasury is strong. The app is close. We’re still here, still building. Grateful for everyone sticking with us.