Degen is a term commonly used in the decentralized finance (DeFi) space to refer to individuals who engage in high-risk, high-reward strategies or investments.
These individuals are often motivated by the potential for quick profits and are willing to take significant risks to achieve their financial goals.
Some examples of degen behavior in the crypto space include participating in yield farming, using leverage, or investing in highly speculative tokens with little fundamental value. While these strategies can yield significant returns, they also come with a high degree of risk, and many degens have suffered significant losses as a result.
