Degenerate Finance (DegFi)
Explore high-risk, high-reward protocols and experimental financial games on Ergo. Not for the faint of heart!
Overview
DegFi (short for "Degenerate Finance") is a subcategory of DeFi focused on high-risk, high-reward financial strategies and instruments. These protocols often push the boundaries of financial engineering, leveraging game theory, community speculation, and experimental mechanisms. DegFi is not for the faint of heart—participants should always be aware of the risks and never invest more than they can afford to lose.
Risk Warning
Participation in DegFi protocols is highly experimental and comes with significant risks: smart contract bugs, rug pulls, market manipulation, and extreme volatility. There are no guarantees. Reliability is proven only over time. Always manage your risk and trade wisely.
DegFi Projects
A game-theoretic protocol where users lock ERG and can un-HODL with a penalty. High risk, high reward.
Options protocol for synthetic assets, with degenerate risk profiles.
Auction-based token issuance and buyback mechanism. Transparent but highly speculative.