Degen

A new savings account product launched by @brritoxyz allows users to deposit Ethereum (ETH) and earn yield in the form of the $DEGEN token. This could be an attractive option for those looking to gradually accumulate DEGEN tokens through passive dollar-cost averaging.

Analyst Andrew Hong has published an insightful report examining meme coins through the lens of social and financial metrics. The report's 'Follow Up Questions' section highlights key areas for further analysis. Hong encourages readers to share their Dune queries if exploring similar topics.

The Deploy on Degen Week event has concluded, and the winners have been selected. While the organizers did not disclose the names of the winners, they congratulated all participants and expressed their admiration for the talent and decentralized applications (dApps) showcased on the Degen chain. Those who were not chosen in this round were encouraged to stay tuned, as more grant opportunities will be available in the future.

Infusion, a decentralized finance platform, has launched a new liquidity pool for the DEGEN and WETH tokens. This pool features stable liquidity, incentivizing liquidity providers to lock their assets for an extended period in exchange for additional rewards. The initiative aims to foster greater stability and depth in the DEGEN/WETH trading pair.

A collaborative platform for creating art has introduced a new feature allowing users to mint finalized artwork using the $DEGEN token. Favorite artworks are stored on the Degen L3 chain. The platform has added a pair of glasses to the virtual garden and is inviting users to contribute by filling them in.

Several prominent crypto wallets and platforms have recently integrated support for Degen Chain and its native token $DEGEN. Rainbow Wallet is offering double rewards points for transactions on Degen Chain this week. Dynamic has added an embedded wallet for dApps built on Degen Chain. Highlight now allows minting NFTs using $DEGEN, with the first such NFT already launched. These integrations significantly expand the utility and reach of the Degen ecosystem.

Farcaster, a social media platform, has introduced a new one-click 'Buy Degen' button powered by FUN, a cryptocurrency platform. This feature allows users to purchase the Degen token directly on the Farcaster site without having to navigate away, streamlining the process of acquiring the token.

Farcaster, the decentralized social media platform, has taken action against approximately 2,000 users suspected of farming Degen, an ERC-20 token used to reward quality content on the platform. The company has provided a form for users who believe they have been unfairly banned to request further investigation.

The organizers of Deploy on Degen Week have expressed their excitement as they begin reviewing the projects submitted by various teams during the event. A large number of teams chose to build on the Degen platform, showcasing the growing popularity and adoption of the Degen ecosystem.

SeamlessFi, a decentralized finance platform, recently opened a lending and borrowing market for the Degen token. The Degen community has shown immense interest, maxing out the deposit limit for the new market. Currently, the platform is operating in a deposit-only mode as it awaits the onboarding of a price feed oracle to the Degen chain. SeamlessFi had previously announced the launch of this market and a partnership with the Degen project, which aims to incentivize quality content creation on the Farcaster social media platform.