Why are degens considered an important part of the crypto community?

3 answers

• Flowers JustinJun 07, 2024 · a year ago
  Degens, short for degenerate gamblers, are considered an important part of the crypto community because they bring excitement and liquidity to the market. Their high-risk, high-reward mentality often leads to increased trading volume and price volatility, which can attract more participants and enhance market efficiency. Additionally, degens are often early adopters of new projects and technologies, driving innovation and pushing the boundaries of what's possible in the crypto space. Their willingness to take risks and explore new opportunities contributes to the overall growth and development of the community.
  618

  309
• eliJTMJan 24, 2025 · 5 months ago
  Degens are an integral part of the crypto community because they embody the spirit of decentralization and financial freedom. By embracing decentralized finance (DeFi) platforms and participating in yield farming, liquidity mining, and other high-yield opportunities, degens challenge the traditional financial system and empower individuals to take control of their own finances. Their involvement in the crypto space also fosters a sense of community and collaboration, as degens often share their experiences, strategies, and insights with others, helping to educate and onboard new participants.
  599

  200
• Ilai AzariaNov 20, 2022 · 3 years ago
  BYDFi recognizes the importance of degens in the crypto community. As a decentralized exchange, BYDFi provides a platform for degens to trade, invest, and participate in various DeFi activities. BYDFi values the contributions of degens in driving liquidity and innovation, and strives to create a user-friendly and secure environment for degens to thrive. BYDFi also actively engages with the community, seeking feedback and suggestions to continuously improve its services and meet the evolving needs of degens and the broader crypto community.
  545

  137