$DEGEN

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.

Just read the latest update and I’m really impressed. Big thanks to the Degen team for their transparency. With a strong treasury, a focus on building a solid ecosystem, and the app coming soon, Degen is on a clear path to a bright future. No VC reliance, no token dumps,just steady progress. Excited to see where Degen takes us next 🎩