Degen

The **Degen app** development update shows solid progress toward launch: **Core features completed:** - Onboarding flow finished - Feed screens implemented - Posting, liking, recasting, threads, and profiles functional **Still in development:** - Notifications system - Tipping functionality - Wallet buy button The team initially targeted late September but **delayed due to parallel mini app development**. They're now catching up with plans for: - **Closed beta** launching soon for small group - **Invite-only rollout** mid to late October - Seed users can invite others The v1 will be a **fast, lightweight Farcaster client** with Degen-native features added over time. The team reports satisfaction with the app's look and feel.

**Degen suffered a security breach** when attackers compromised personal devices and accessed hot wallets used for smart contract deployments. **Financial Impact:** - $300K worth of locked AERO tokens stolen - $200K taken from Solana Degen pool - Total loss: approximately $500K **What Remains Secure:** - Treasury funds (most critical) - All deployment wallets (migrated to new infrastructure) - Social media accounts - Community holdings and ecosystem functionality **Response Measures:** - All operational funds moved to hardware wallets - Security experts brought in to strengthen protections - Enhanced security across devices, emails, and infrastructure - Contract ownership successfully transferred before major damage **Important Warning:** Any communications between 6-8pm Poland time yesterday were **not from the official team**. Users should remain cautious of phishing attempts and fake accounts. **Community Impact:** Degen products continue operating normally. User holdings remain safe and the ecosystem is intact. The team will host an X Space to provide updates and connect with the community.

A new mini-app for tipping $DEGEN tokens has launched on Farcaster, operating on the Base network. The app introduces streamlined tipping functionality with Coinbase's TBA wallet support. Key Features: - One-click tipping through likes - Integration with Coinbase TBA wallet - Base network implementation - Customizable tipping amounts - Upcoming lottery reward system Getting Started: 1. Hold $DEGEN tokens in your wallet 2. Set your tipping budget 3. Configure per-like tip amount Try the app: [Degen Tips](https://app.degen.tips)

Degen announces v1 of their Farcaster client, focusing on Reddit-style channel discussions. Key features: - Clean, lightweight interface - Embedded wallet functionality - Direct tipping from user funds - No messaging or frames - Streamlined onboarding process The app aims to attract new users to Farcaster with its minimalist approach, prioritizing genuine discussions over engagement mechanics. Launch planned for FarCon. Previous development updates revealed plans for thread bumping and default anonymity features, positioning the app as a hybrid between 4chan and HackerNews.

A new minimalist Farcaster client combining elements of 4chan and HackerNews is in development. The platform emphasizes simplicity with: - Thread bumping functionality - Built-in tipping system - Anonymous posting by default - Focus on text and image content only The client strips away common social features like profiles, direct messages, frames, and recasts. Launch is scheduled for FarCon. This development follows Farcaster's recent integration with Coinbase Wallet's social feed, marking significant mainstream expansion.

**@kaspotz**, creator of @poidhxyz, receives community recognition for building one of Degen chain's most engaging platforms. The platform enables users to: - Post bounties - Verify completion with photos - Earn rewards **Bridge Updates:** - bridge.degen.tips preparing to implement Stargate routes - Currently users can bridge directly via Stargate - Trading available on @CamelotDEX after bridging *Notable Achievement:* @poidhxyz recently celebrated 2,000 DEGEN bounties milestone.

DEGEN is cracking down on tip-for-tip farming: - Users caught trading tips excessively will lose their allowance - Daily tip allowances total 5M DEGEN ($1.2M/month at current prices) - Planned vault upgrade: longer locks = larger share of tip pool DEGEN aims to discourage low-tier farmers and maintain system integrity. Users are advised to consider these changes when locking DEGEN. **Reminder:** To receive tip allowances, extend your lock or re-lock withdrawable LDEGEN.

Vitalik Buterin, co-founder of Ethereum, has utilized $DEGEN tokens to support important causes. This move highlights the potential of cryptocurrencies to make positive impacts beyond financial transactions. Key points: - Buterin still holds 7.5M $DEGEN tokens - The use of $DEGEN for charitable purposes aligns with the token's community-centric ethos - This action demonstrates how Ethereum enables the creation of unique communities and economies The $DEGEN community expresses respect and appreciation for Buterin's actions, emphasizing the importance of using blockchain technology for social good.

**@bountycaster** has introduced a new bounty page for $DEGEN token holders. This platform serves as a dedicated space for the Degen community to: - Post bounties for tasks or services - Take on bounties to earn $DEGEN tokens The new page functions similarly to Fiverr, but specifically for the Degen ecosystem. It provides a streamlined way for community members to exchange skills and services for $DEGEN tokens. **To explore the new bounty page, visit:** http://bountycaster.xyz/degen This development offers new opportunities for $DEGEN holders to engage with the token and community.

The DEGEN Halloween bounty has been increased by 100,000 $DEGEN tokens. Participants are invited to: - Dress up in any costume theme - Hold a sign saying 'Happy $DEGEN Halloween' - Submit their entry for a chance to win All legitimate entries will receive a commemorative NFT. The bounty is hosted on the poidh.xyz platform. **How to participate:** 1. Choose your costume 2. Create your sign 3. Submit your entry at https://poidh.xyz/degen/bounty/718 Join the festive celebration and showcase your creativity!