Degen

Farcaster, a popular social media platform, has announced that its Frames feature now supports Degen L3 transactions. Degen is an ERC-20 token launched in January 2024 that enables users to reward others for posting quality content on the platform. This integration aims to bridge the gap between online contributions and real-world value by recognizing unique posts and comments through a points system.

Airdrop 2 Season 3 claims for the Degen token will go live on May 1st at 8 PM Pacific Standard Time. Immediately after, Season 4 of the airdrop will commence. However, in order to prolong the tipping activities, the team has announced that tip allowances will be reduced moving forward. Further details are expected to be provided soon.

Zapper.fi, a popular portfolio tracking platform, has indexed the Degen chain, enabling users to easily monitor their Degen L3 portfolio. This integration streamlines the process of overseeing investments and activities on the Degen chain, which has gained significant traction in the Farcaster ecosystem.

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.