Degen: Not participating in or supporting off exchange trading of certain VCs, will soon update the token economics page

According to a report by Golden Finance, Degen clarified in an article on X platform that the foundation has been using some of its funds to issue call options and generate income. These options are set far below the out of money level and only take effect when DEGEN rises. If DEGEN rises, a portion of the options may be converted into USDC, which is a way to extend the runway and maintain self financing. Currently, there is a nominal issuance of about $3 million, but it varies every month. Binance Alpha airdrops and some fund pool activities come from Airdrop 3 pool, and the token economics page will be updated soon. Airdrops have been reduced in the past few months, and fee subsidies will also be terminated after the launch of Degen App. However, some venture capital firms attempted to trade off the exchange at discounted prices and then buy and sell in the market, and Degen did not cooperate with these companies or provide any support.