skininthegame

Degen

Do you think $degen is a bubble?

@gmoney.eth has given you the opportunity to put up or shut up in size on @astaria.

A lot of people talking, but who is gonna actually put skin in the game?

Benevolent internet pseudonym. AKA @boredelonmusk elsewhere. Founder of EDISON and proprietor of fun. https://edison.wtf/


You post eth as collateral to borrow degen.  Your bet is degen goes lower so you can pay back the loan at a lower cost than what you borrowed it at.

Ah. So you are betting Degen is going lower. Fair enough :)

No.   I’m allowing people who think it’s going lower the opportunity to do it by lending them my degen.  I think it’s going way higher, but why not earn interest on it in the meantime?   This is a big business in the equity market.

He is betting it goes up. The borrower is betting it goes down.

Lots of people saying $degen is a bubble without their nuts on the line.