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A pump.fun fair-launch Solana token wired to a live, SOL-settled casino — where every spin, splash and shock pays a SOL dividend to holders who stake.
DegenDen already produces every primary input the token needs: SOL-denominated revenue, an on-chain treasury, a per-user XP record, and a clean settlement ledger. The token plugs into that wiring.
house + PvP, provably fair
Doormat → Degen Den King
on-chain via house program
ship · graduate · airdrop
DegenDen is already a working SOL casino. Nine games run today, each settling on-chain through a deployed Anchor program. The platform tracks 20 XP tiers, daily quests, and a referral program with peak-NGR commission accounting. Everything the token needs to be backed by — revenue, telemetry, an existing user base — is already in production.
What is new is the value-capture rail. Until now, all positive house NGR has been retained by the operator. $DEGEN reroutes a fixed share of that NGR — denominated in SOL — to anyone willing to stake the token.
House program
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Treasury
3-of-5 Squads multisig
Mint
Published at TGE · authority revoked
Every wager and payout is journaled and reconciled against an on-chain house vault PDA. Outcomes are produced with provably-fair commit/reveal seeds on all arcade titles.
30s rounds; bet color on splash
Mines grid; cash out at any step
Push-your-luck ladder
8-lane race; risk modes
Radar sweep; 2–48 spokes; 10% edge
Blackjack + side markets
ADS-B feeds; over/under
NBA play-by-play; over/under
Winner-take-pool; 10% rake
Each wager mints XP on a 3-segment volume curve. Doormat → Degen Den King.
Four per UTC day, season-scoped, awarding bonus XP via the quest engine.
5-tier schedule pays 10–20% of peak positive NGR in SOL with retroactive tier bumps.
Anchor program holds the house vault PDA, two-step authority transfer, rate-limited withdrawals.
The buyback-and-burn cohort reflects rev-share in price only indirectly through reduced supply. $DEGEN takes the other branch: holders who stake receive SOL — the same asset the casino settles in — at a fixed cadence.
Buyback & burn from sportsbook + casino GGR
Buyback & burn from house NGR
Dividends — share of platform profit
Buyback from partner apps
Direct SOL distribution to stakers (NGR share)
SOL distributions compound a Solana-native staker's portfolio in the asset they already hold. Buybacks require active treasury management, market-making, and continuous trust. Direct distributions require one on-chain primitive — visible to anyone with a block explorer — and put price discovery in the holder's hands, not the operator's.
$DEGEN is not a Token-2022 mint. No transfer hooks. No transfer fees. Every wallet, AMM, and indexer in the Solana ecosystem can handle it without special-case logic. Simpler tokens compose better, are easier to audit, and surface fewer attack surfaces.
Public, mechanical, well-understood. The team's role at launch is not to game the curve — it is to publish the official mint, sign-post the canonical pump.fun page across every channel, and deliver the XP airdrop within 72 hours of graduation.
There is no whitelist, no team pre-mint, no vesting cliff. Anyone — including the team — buys on the same pump.fun bonding curve as the public, in the same block, at the posted curve price.
~793,100,000 $DEGEN are sold along pump.fun's constant-product bonding curve denominated in SOL. The remaining ~206,900,000 are reserved by the curve to seed the post-graduation LP. Mint and freeze authorities are revoked at creation — supply can never grow.
When buy pressure pushes the bonding curve to ~$69k FDV (~85 SOL of net inflow), the curve closes. The accumulated SOL + the reserved ~207M $DEGEN are deposited as the initial pool on PumpSwap, pump.fun's native AMM. Migration is instant and free (since March 2025). The LP tokens are permanently burned — no one, including the team, can ever pull liquidity.
PumpSwap charges 0.25% per swap: 0.20% to LPs (locked), 0.05% to the token creator wallet. Those creator fees flow directly into the DegenDen treasury and are routed back into open-market $DEGEN buys to top up the airdrop, staking and Reward Machine reserves — a perpetual, passive funding source for the protocol's promises.
Bonding curves are anti-whale by construction. We do not attempt to defeat snipers; we accept that some fraction of supply will rest in fast wallets. The asymmetric upside lives downstream — in the staking yield, where buying late and staking long beats buying early and selling fast.
No private allocation. No public allocation. No vesting cliff. No insider unlock. 100% of supply enters circulation through pump.fun's bonding curve. The team buys, if at all, on the open curve at posted prices, in publicly observable transactions. All post-launch token reserves (airdrop, staking rewards, treasury, Reward Machine) are purchased from the open market with operator capital, accrued NGR, and the perpetual stream of pump.fun creator fees. None are minted out of thin air.
Because $DEGEN is a pump.fun fair launch, 100% of supply enters circulation through the bonding curve. The 'allocations' below are accounting buckets the operator funds after launch — by buying $DEGEN on PumpSwap with operator capital, retained NGR, and the perpetual stream of pump.fun creator fees (0.05% of every PumpSwap trade). They are not pre-mint carve-outs.
Nine games settle in SOL; every wager is journaled and reconciled against the on-chain house vault PDA.
Across enough bets, GGR converges to house edge × turnover.
NGR is forwarded on a fixed cadence to an on-chain distributor program — the same primitive Solana uses for stake-pool rewards.
Distributor pays SOL pro-rata to each staker, weighted by stake × time and adjusted by the lock-up boost.
A token paying a public, growing SOL coupon is structurally more attractive to hold.
Higher cap, larger distributions, louder community → more players → more wagers. The wheel turns.
At monthly NGR = 500 SOL, distribution share = 50%, and FDV = $5M (SOL = $150), the flywheel produces $450k of annualized SOL paid into stakers — a 9.0% yield on FDV, before the Reward Machine sink. Same NGR at FDV = $10M → 4.5%. At FDV = $2M → 22.5%. The market clears wherever it clears; the producing pipe is the same shape regardless.
The single best signal of 'would buy and hold $DEGEN' is 'has already wagered enough SOL to climb the XP ladder.' We use it.
β = 0.65 is sub-linear: it compresses the top of the distribution and lifts the middle. The intent is to seed a wide holder base, not to print whales.
| Lvl | Tier | Cumulative XP | Notional $DEGEN |
|---|---|---|---|
| L1 | Doormat | 0 | 3,075 |
| L5 | Lobby Lurker | 360 | 12,150 |
| L10 | Backroom Pass | 1,950 | 35,190 |
| L15 | Den Fixture | 5,610 | 68,570 |
| L18 | Back Alley Monarch | 9,080 | 92,420 |
| L20 | Degen Den King | 11,000 | 102,330 |
Claim contract opens. 20% of each wallet's allocation is immediately liquid.
Remaining 80% unlocks linearly per slot, claimable on demand.
Unclaimed allocations expire back into the treasury bucket, redistributed via the Reward Machine.
A thin Anchor distributor receives SOL on a fixed cadence and pays it to stakers. Time-weighted. Lock-boosted. Flash-deposits at the end of an epoch are diluted by definition — you cannot game the formula with sniper liquidity.
Where S̄w is the time-weighted average stake of wallet w over the epoch.
Penalties on early exit are paid into the staking-rewards reserve, not to the operator. The penalty is a tax on volatility — not a fee.
Cells assume 100% of supply is staked; multiply by 1/φ if only φ is staked. A 180-day boost (b = 2.0) at φ = 0.6 gives 3.33× the table value. Numbers are illustrative — not a forecast.
1,000,000 $DEGEN locked for 180 days at b = 2.0
An in-app probabilistic prize machine that only accepts $DEGEN. Every spin is a unit of $DEGEN that leaves the float and enters the prize pool's accounting.
A token that only flows out (staking yield) without anything pulling it in (utility demand) will, in equilibrium, sell to recycle yield. The Reward Machine pulls in: every spin reduces float, and every spin replenishes the rewards bucket. Together with the lock-up boost, the Machine helps the token find its own gravity.
None of these risks are unique to $DEGEN. All of them are material. Hover any card to see its mitigation.
$DEGEN price may fall meaningfully and quickly, particularly during the first 30 days post-graduation.
No leverage in protocol; staking is non-rehypothecable; lock-boost is opt-in.
NGR can be negative on any given day. Distributions follow NGR — including zero or negative epochs.
NGR averaged across each epoch; multisig may smooth via reserves.
Tokens linked to casino revenue are scrutinised in many jurisdictions. $DEGEN may be unavailable in certain countries.
Geofencing, KYC where applicable, explicit non-offer language.
The distributor and existing house program are non-trivial code. Bugs can lead to loss.
House program is small (~200 LoC, audited); external audits scheduled pre-graduation.
Treasury multisig keys are held by humans.
3-of-5 Squads multisig, hardware-key custody, public signer disclosure.
The PumpSwap graduation LP starts at ~85 SOL. Large exits can suffer slippage until volume grows.
LP tokens are permanently burned at graduation (no operator rug possible); secondary liquidity may aggregate on additional Solana AMMs over time.
Outcomes use commit/reveal seeds. Bugs in seed rotation could in principle bias outcomes.
Existing infra has been live for months; all hashes are public.
Fair launches attract scam mints under similar names.
Single canonical mint address published at TGE on all official channels; in-app verification.
Long marketing slogs sap energy from a team whose comparative advantage is shipping games. After D+4, the team's commitment is to do nothing extraordinary for the token. The product is the marketing.
This document is informational. It is not an offer to sell, nor a solicitation of an offer to buy, any security, token, or financial instrument, in any jurisdiction. $DEGEN is a utility token tied to a casino product; it is not a share of the operator and does not entitle the holder to any payment outside of the on-chain distributor described above.
$DEGEN may be unavailable to residents of the United States, the United Kingdom, Mainland China, OFAC-sanctioned territories, and any other jurisdiction in which the offer, sale, or use would be unlawful. Players and holders are responsible for compliance with local law.
Statements about implied APY, monthly NGR, distribution cadence, and product roadmap are forward-looking and subject to substantial uncertainty. Actual results will differ.
The mint address goes live at TGE on the official DegenDen channels. Everything else lives on this page.
$DEGEN is a fair-launch utility token tied to the DegenDen casino. Nothing in this document is investment advice. Read the Risks section before participating. Gambling can be addictive — set limits and seek help if your play is harming you. Resources: BeGambleAware · NCPG.