Degen ($DEGEN) is a decentralized community token developed as a reward for participants in the Farcaster Degen channel. The meme has grown alongside its parent chain Base. It now boasts a significant following of creators, developers, and community members. Though popular among Crypto & r/WallStreetBets bros, the term Degen traces its roots to sports betting and the 'Degenerates' who consistently risk large sums of money they can't afford to lose (like their rent for the month) for outsized returns or clout without acquiring the requisite information to make a knowledgeable trade. YOLO!