The Degen Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

A

AMA /ay-em-ay/

Ask Me Anything - An informal interview with a prominent person where the public/community ask questions they want answered. "When will devs do something?"

Anon /a-non/

A person who prefers to remain anonymous.

Ape /eyp/

An individual who blindly buys a cryptocurrency without doing any research. "He ape'd in!"

B

Bridge/brij/

A method in which a user can move coins between blockchains.

C

CEX /sex/

Centralized Exchange - CZ and SBF are your overlord.

CT /see-tee/

Crypto Twitter.

D

DAO /dao/

Decentralized Autonomous Organization - A governance method in which stakeholders vote for actions taken by a decentralized project.

Degen /dee-jen/

Investors, but not the traditional ones, just degenerates.

Dev /dev/

A project Developer. Some are legends, some will rug you.

DEX /dex/

Decentralized Exchange - Initially pioneered by Uniswap, now cloned by many.

Dump /damp/

A sizable sell-off of a token.

DYOR /dyor/

Do Your Own Research - A common disclaimer many use to tell you to learn about a project/token yourself.

E

EAF /ee-a-ef/

Early As Fuck - a way to signal to others that you were early to a project. This is usually proclaimed following many multiples on your initial "investment".

Elliot Waves /el-ee-ot wayvz/

A techical analysis method based on market patterns. Degens will tell you their analysis is based on this. Most of the times, this is not true.

F

FOMO /fomo/

Fear Of Missing Out - Usually accompanied by pressing “market buy”.

Fren /fren/

A short form way of saying “friend”.

FUD /fud/

Fear, Uncertainty and Doubt - “Stop spreading FUD!”

FUDer /fud-er/

An asshole who just wants to see the world burn. Or even worse, watch your bags go to zero.

G

GM /gee-em/

Good Morning - Short form way of greeting others in the AM even if you are not in the same timezones.

H

HFSP /hfsp/

Have Fun Staying Poor - A phrase used to tell someone he/she won’t make it because of a difference in thinking.

I

IMO /imo/

In My Opinion - used to express an opinion and declare it is not a fact, just an opinion.

IMHO /imho/

In My Honest Opinion - used to express an opinion and declare it is not a fact, just an opinion. And stating that the opinion is really honest.

Inu /inu/

Ponzi synonym.

J

JOMO /jomo/

Joy Of Missing Out - Watching your friends make generational wealth when you thought about investing.

K

KYC /kyc/

Know Your Customer - A verification method used by exchanges and other platforms to verify your identity.

L

Lambo /lambo/

Lamborghini, the ultimate status symbol amongst your crypto friends.

LARP /larp/

Live Action Role Playing - Someone who hides behind a pseudo anonymous identity and pretends to be good at something at which they are not.

LINK Marine /link marin/

A person who loves CHAINLINK.

M

Maxi /maxi/

A person who only focuses on one coin, i.e. “BTC maxi” or “ETH maxi”.

Memecoin /meem-coin/

A coin that has no fundamentals. It usually has memes and a strong community, some might say it’s a Ponzi.

Mm /mm/

Short way of saying Metamask.

Muggle /mug-el/

Someone who is 100% in FIAT. Nothing to do with Harry Potter, they stole it.

N

NFT /en-eff-ti/

Non-Fungible Tokens - Digital JPEGs that certain users enjoy buying and selling. Can be audio files or videos too.

NGL /ngl/

Not Gonna Lie - commonly used to end a sentence in which bombs are dropped.

NGMI /en-gee-em-i/

Not Gonna Make It - A term used often to describe a loser FUD’er or someone who you factually know is wrong.

O

Order Book /order book/

A list of buy/sell orders on a particular a market. Orderbooks can usually can be viewed on an exchange.

P

Pleb /pleb/

A plebeian (a word for commoner in ancient Rome), used to refer to crypto investors with small portfolios.

Pump /pamp/

A huge green candle making a chart look very positive. Many will advise against “buying the pump”.

Q

Q /cue/

Often seen in project Discord chats. "I have a q about this project".

R

Rekt /rect/

A state of total failure. You have lost it all.

Rug /rug/

Comes from the term rugpull, referring to a project’s team stealing the liquidity and/or coins and scamming everyone.

S

Shill /shill/

To promote something. A phrase that can have negative or positive connotations.

Shitcoin /shitcoin/

A term commonly used to describe every coin or token that is not Bitcoin (BTC).

Skem /skem/

Scam phrased in a disturbing way.

Skemmer /skemmer/

Scammer said in a degen way.

Spammer /spammer/

Someone who reels off stupid things and interrupts conversations. "Remove this spammer pls".

T

TG /tee-gee/

A short way of saying Telegram.

U

UTXO /u-tee-ex-o/

Unspent Transaction Output - the amount of crypto remaining in a wallet after a transaction has been made.

V

Vampire Attack /vampire attack/

Vampire Attack - When one platform or project pulls in users of a competitor with spicy rewards and incentives.

VC /vee-cee/

Venture Capital - Investors, big ones. Split into categories such as traditional VCs or crypto VCs.

W

WAGMI /wagmi/

We're All Gonna Make It - Degen expression used to motivate other apes, or just to empower and praise themselves as a community.

X

XRP Army /ex-ar-pee ar-mee/

Someone who loves XRP.

Y

Yeet /yit/

A way to say eject (throw far away) something. Usually to remove someone from a group.

Z

Zoomer /zu-mer/

The new generation of crypto users.