The Degen Account
Onto the fun part: your Degen Account!
Last updated
Onto the fun part: your Degen Account!
Last updated
The Degen Account is the home for your Degen portfolio. On its main page, , you see all the tokens that you hold, are farming with, have borrowed, and their value. This is where you will be plotting and scheming how to use all these assets in your own trading strategy. Which assets are your golden tickets, whether they moon or are destined for zero?
Either way you go, and regardless of the page you're on, you will always have an overview of the overall state of your Degen Account. This is shown on the top of the page, just like this one.
The top half of the Account Overview will show you the general stats of your Degen Account. These include the positioning of your account, borrowed and collateral values, along with your health percentage. You know, the essentials.
Standing tall above the rest: the Bull Score. This feature is your go-to signal to see how bullish (or bearish) you are. If your Degen Account is positioned to profit if the market goes up, you will see a Bull. If you're bearish, you'll see a Bear.
The Bull Score itself, shown below the Bull or Bear, is a rough indication of how much your Degen Account should increases if prices double. This goes for Bears too, but you'll have to think in reverse, so if the market crashes by 50%.
This exactly means what it says: the amount of capital you have borrowed. Simple enough.
As the aggregate value of your borrowed funds, its dollar-value can fluctuate depending on the market. The nominal value of the assets will remain the same, plus interest of course.
The health meter is more complicated, but don't overthink it: the idea is simple as well.
And yes, it also works for the Bears. If you're shorting shitcoins, that -500% will lead to a 5x multiplier.
This multiplier is for... assets, you guessed it right. Different assets will be in different tiers. Your Asset Multiplier depends on the average tier of assets that you hold:
Holding only assets in tier 1? Multiplier of 1x
Holding only assets in tier 3? Multipler of 3x!
Holding a 50/50 split of tier 2 and tier 3? That's 2.5x for you
1
USDC, ETH, AERO, BTC
2
BRETT, TOSHI, VIRTUAL, MOG, AIXBT
3
SKY, KEYCAT, PEPE, DEGEN
Exactly, the multiplier depending on your health. While the Health Meter indicates the state of your Degen Account, the lower it is, the higher your Health Multiplier. That means the higher your leverage, the higher the multiplier. If you divide 100 by your health percentage, that's your Health Multiplier.
At 20% health, that would get you a 5x multiplier (100/20)
At 10% health, that's 10x, now we're talking
The above Multipliers all come together in your Degen Score. By multiplying all multipliers, you will get the weekly Degen Points you're earning. These points accrue continuously and will count towards your total Degen Points.
100% = perfect health, hakuna matata. 0% = insolvent, and you will be partially liquidated. Anything in between is a spectrum of how leveraged up you are. Questions? Click for the details, or for a sounds-about-right.
Then there is collateral. Collateral on DegenPrime works differently than collateral on other protocols. At its core, your collateral is the total value of your Degen Account minus your borrowed assets. It doesn't matter which asset that is, if you've traded it, or are . All assets are included in the total value of your Degen Account, and any asset can act as collateral (as long as it has borrowing power).
This is the Degen part of your Account Overview. Degeneracy in itself is a reward, and this is how you'll track your progress. But yes, you got us. The Degen Points is something to earn and will lead to $, and the only way is by going degen.
The itself is covered above. The Bull Multiplier is how much you are earning depending on your Bull Score. If your Bull Score says 500%, you'll have a multiplier of 5x. If it says 800%, that's 8x.
If you're at 50% health, you only get a 2x multiplier (2x...? Sure you're not a ?)
At 40% health, the Multiplier would be 100/40 = 2.5x (Seriously, check out )
Curious how you stack up against other Degenerates? View the on the Page. The earlier you are, the better your chances at beating out the competition and earning your share of $!
