Degen Vaults

Degen Vaults offer a high-risk, high-reward opportunity for users to bet on the market cap performance of specific memecoins. Unlike social media-based rewards, these vaults focus entirely on the market cap growth of a memecoin over a set period of time. Users can place bets on whether a memecoin will achieve certain market cap milestones within a designated timeframe, making it an exciting feature for those with an eye on crypto trends.

Here’s how it works:

• Place Your Bet on Market Cap: Users can predict whether a memecoin will reach a specific market cap within a chosen timeframe. For instance, you could bet on whether a memecoin will hit $100 million market cap in 24 hours.

Bet for or Against: You have the option to bet for or against the market cap target

• Betting for: If you believe the memecoin will reach the target market cap, place your bet for it.

• Betting against: If you think the coin will not hit the target market cap, place your bet against it.

• Required Tokens for Betting: To place a bet into the Degen Vaults, users will need to stake $DEGEN tokens or the native coin of the memecoin they are betting on. This adds a layer of strategy, as users must carefully consider both the potential market cap growth of the coin and the value of the tokens they are staking.

• Market-Driven Bets: The bets are based on real-world performance, specifically focusing on the memecoin’s market cap rather than social media engagement. The volatility and potential growth of the coin play a key role in the outcomes and rewards.

Time Frames and Betting Limits: Users can choose from different timeframes to place their bets:

24 hours

7 days

30 days

• This flexibility allows users to engage in quick bets or long-term predictions, depending on their strategy.

• Reward Distribution: If your bet proves correct, you will earn $DEGEN tokens as a reward. The amount of reward is determined by how accurate your prediction was in relation to the actual market cap achieved. The greater the difference between your predicted and actual market cap, the higher the reward.

Example:

• A user bets that the $DOGEWIF memecoin will reach $100 million market cap within 8 hours.

• The user must stake either $DEGEN tokens or $DOGEWIF tokens to place the bet.

• If the $DOGEWIF market cap exceeds $100 million within the 24-hour timeframe, the user who placed the bet for the increase will receive $DEGEN tokens as a reward.

• On the other hand, if the market cap does not reach the target, those who bet against the increase will be rewarded.