List of questions about [Degen ]
A total of 2 cryptocurrency questions
Share Your Thoughts with BYDFi
Trending
Pump.fun says creator fees may have distorted incentives, plans overhaul
A Turning Point for Solana’s Largest Memecoin Launchpad
Pump.fun, one of the most influential memecoin launchpads built on Solana, is entering a new phase after publicly acknowledging that its creator fee model may have unintentionally harmed the platform’s long-term health. The announcement signals a strategic shift for a protocol that has played a defining role in shaping the memecoin boom throughout 2025.
Creator Fees That Worked — Until They Didn’t
According to co-founder Alon Cohen, the Dynamic Fees V1 system initially succeeded in boosting engagement and attracting new creators. Token launches surged, livestream activity exploded, and onchain metrics briefly reached some of their strongest levels of the year. During this period, Pump.fun’s bonding curve volumes more than doubled, reinforcing the perception that the model was working.
However, that growth proved fragile. Cohen later concluded that the system incentivized low-risk token creation over high-risk trading, a dynamic he described as dangerous for market stability. Traders, he emphasized, are the primary source of liquidity and volume, and sidelining them ultimately weakens the entire ecosystem.
When Incentives Favor Minting Over Markets
While creator fees helped a small number of serious teams with active development plans, they failed to change the behavior of most memecoin deployers. In practice, the fees became a motivation to mint as many tokens as possible rather than commit to building deep, liquid markets.
Cohen also pointed out that the user experience often forced traders into uncomfortable situations, such as relying on community takeovers or trusting anonymous actors to keep their promises. This lack of structure eroded confidence and discouraged long-term participation.
Inside Pump.fun’s New Creator Fee Framework
In response, Pump.fun is rolling out the first stage of a redesigned creator fee system. The new framework allows creators and Community Takeover administrators to split fees across up to ten wallets, define precise allocation percentages, transfer ownership of coins, and revoke update authority once a project reaches maturity.
These changes are designed to promote transparency and accountability, while ensuring that responsibility is shared among teams rather than concentrated in a single wallet.
No Fees for the Platform Itself
Cohen made it clear that Pump.fun will not collect creator fees under any circumstances. The system is intended exclusively for creators and active market participants, not the platform. Fees can be claimed at any time and will not expire if left unclaimed, offering flexibility without forcing rushed decisions.
Pump.fun’s Continued Dominance on Solana
Despite recent fluctuations in memecoin hype, Pump.fun remains the dominant launchpad on Solana. Its near-frictionless token creation process and standardized path to liquidity have made it the default destination for memecoin experimentation. Although a rival briefly overtook it in volume during the summer, aggressive PUMP token buybacks and incentive adjustments helped Pump.fun reclaim control of roughly 75% to 80% of Solana’s memecoin launches by late 2025.
A Broader Shift in the Crypto Market
Pump.fun’s redesign reflects a wider trend across crypto markets, where platforms are increasingly forced to rethink incentive models that prioritize short-term volume over sustainable growth. As speculation cools, traders are demanding better liquidity, clearer rules, and stronger market structure.
Why Traders Are Looking Beyond Launchpads
In this environment, many traders are turning to established platforms such as BYDFi, which offers deep liquidity, advanced trading tools, and robust risk management features. Unlike experimental launchpads, BYDFi provides a structured trading environment for both spot and derivatives markets, making it a preferred choice for users seeking exposure to crypto opportunities with greater stability.
What Comes Next for Pump.fun
As Pump.fun attempts to realign its ecosystem, the success of its new creator fee system will be closely watched across the industry. Whether the changes restore balance between creators and traders remains uncertain, but the message is clear: incentive design matters.
For traders navigating an evolving market landscape, combining early-stage opportunities with reliable platforms like BYDFi may prove to be the most sustainable strategy moving forward.
2026-01-19 · 7 days ago0 077From Farcaster to Fortune: The DEGEN Token and Crypto Degens
Introduction
If you've been hanging around on Crypto Twitter, Reddit, or Discord lately, you've probably seen the word "degen" thrown around like a badge of honor. But what is a degen? What does degen mean in crypto?
Is it just another internet slang, or does it carry real weight in the digital finance world? Whether you're a curious newbie, a seasoned investor, or someone trying to understand the next big meme coin trend,
this guide breaks down everything you need to know about "degen", the culture behind it, and how it's shaping degen crypto coins and investments.
What Is Degen (DEGEN)?
DEGEN (DEGEN) is an Ethereum utility and meme token that was originally created as a reward mechanism on decentralized social protocol Farcaster. Originally launched in early 2024, DEGEN quickly emerged as a staple currency in Farcaster's /degen channel , a community of crypto builders, content creators, and meme insiders, where it was used for tipping, rewarding contributions, and spurring community activity.
Unlike traditional meme coins, the function of DEGEN is to combine humor with true utility providing both creative proof-of-concepts and real decentralized finance (DeFi) applications in existence by being in emerging ecosystems.
As it evolved, the use of DEGEN was pulled into the greater Ethereum and Layer 3 (L3) blockchain ecosystem, particularly with the launch of the DEGEN Chain, a fast, low-cost, and app-optimized L3 built with Arbitrum Orbit technology.
DEGEN's community-centric spirit is supported by the involvement of prominent builders in the Farcaster and DeFi spaces, with a philosophy emphasizing open experimentation, mutual participation, and meme-driven innovation.
Now, DEGEN is a symbol of the disruptive shift towards social-fi (social finance), capturing the spirit of creativity and
what does degen mean in crypto?
In the cryptocurrency world, a degen is someone who makes high-risk, high-reward investments, often with little research and lots of hype. Think of the person who apes into a new degen coin minutes after launch, based on a tweet or meme, hoping for a 100x return before it crashes.
How to Use DEGEN
To interact with DEGEN:
- Acquire DEGEN: Purchase on exchanges like BYDFi , Crypto.com, or DEXs on Ethereum/Base/Degen Chain.
- Store DEGEN: Use Ethereum-compatible wallets (e.g., MetaMask) to hold and manage tokens.
- Participate in Farcaster: Join the /degen channel to tip, earn rewards, or engage with the community.
- Explore DeFi: Stake, farm, or provide liquidity on Degen Chain dApps to earn yields.
- Monitor Risks: Conduct due diligence, as DEGEN’s volatility and experimental nature require careful risk management.
Degen (DEGEN) Tokenomics
A transparent and equitable approach to tokenomics has been a cornerstone of DEGEN’s community credibility.
- Total Supply: 36.9 billion DEGEN
- Circulating Supply: 14.17 billion DEGEN
- Maximum Supply: 36.9 billion DEGEN (fixed, with no plans for inflationary increases)
Token Distribution:
- Community Airdrops: A significant percentage was allocated to early Farcaster contributors and active community members, ensuring a broad and fair initial distribution.
- Ecosystem Development: Tokens are reserved for ongoing community incentives, development grants, and partnerships to sustain growth.
- Team and Advisors: Vesting schedules for core contributors ensure long-term alignment, but with no outsized founder allocation.
- Liquidity and Listings: A portion of tokens is reserved for providing decentralized exchange (DEX) and centralized exchange (CEX) liquidity.
How Degen (DEGEN) Works
At its core, the DEGEN token is an ERC-20 asset on Ethereum, making it compatible with the most widely used wallets and decentralized exchanges. Its initial use was as a micro-reward for valuable interactions within Farcaster, but as the DEGEN community grew, the token’s functionality expanded into several areas:
- Social Incentivization: DEGEN is used to tip or reward users for content creation, community moderation, and contributing code or memes in various social and developer channels. This model helps foster more organic, engaging crypto communities.
- DeFi Use Cases: Through DeFi protocols built on the DEGEN Chain and partnered L3s, users can provide liquidity, farm yields, or stake tokens to earn passive income, much like established platforms on Ethereum and Arbitrum.
- Low-Cost Transactions: The DEGEN Chain, powered by Arbitrum Orbit, provides high throughput and near-zero fees, enabling a scalable environment for microtransactions , essential for user-driven social and gaming applications.
- Creator Tools & NFT Integration: Developers are exploring NFT drops, DAO governance, and creator engagement mechanisms that use DEGEN as a payment and rewards layer. DEGEN’s unique blend of meme appeal, practical on-chain use, and community engagement has differentiated it from typical meme coins, positioning it as a foundational currency within web3 social ecosystems.
Conclusion
Degen (DEGEN) works as a community-driven token that blends meme coin appeal with practical utility in social-fi and DeFi. By leveraging Farcaster’s decentralized social platform and the Degen Chain’s low-cost infrastructure, DEGEN incentivizes engagement, rewards creativity, and supports innovative blockchain applications.
However, its high volatility, experimental status, and reliance on community adoption make it a risky investment. For those interested in DEGEN, participating in its ecosystem requires balancing enthusiasm with caution, aligning with the “degen” ethos of embracing uncertainty for potential rewards.
Final Thought
In the ever-evolving world of crypto, being a degen isn't just about reckless bets, it's about daring to explore the edge of innovation, where memes meet markets and communities build value from creativity. DEGEN represents more than a token; it’s a cultural movement fueled by experimentation, humor, and decentralized collaboration.Whether you're here for the fun or the future of financejust remember: in the land of degens, fortune favors the bold—but only the wise survive.
Ready to learn more about trading strategies and crypto fundamentals? Check out BYDFi for expert guidance on navigating the world of digital assets.
2026-01-16 · 11 days ago0 0873
BYDFi Official Blog
Popular Tags
Popular Questions
How to Use Bappam TV to Watch Telugu, Tamil, and Hindi Movies?
How to Withdraw Money from Binance to a Bank Account in the UAE?
ISO 20022 Coins: What They Are, Which Cryptos Qualify, and Why It Matters for Global Finance
Bitcoin Dominance Chart: Your Guide to Crypto Market Trends in 2025
The Best DeFi Yield Farming Aggregators: A Trader's Guide