Degenz

A Deprecated PvP Staking Game with Ongoing Payouts

This product is deprecated but continues payouts and may one day have a Season 2.

Degenz was Monstro DeFi’s bold take on an ROI dApp, a community-driven experiment launched on BNB Smart Chain as a fun, PvP staking game—not an investment. Despite clear transparency about its nature, some users misunderstood its mechanics, leading to complaints. Active for roughly 2 months with over $1M in deposits, Degenz employed “ponzinomics” through staking, withdrawing, and compounding, with players enthusiastically hitting the “4X button” to compound gains. While the game has ended, participants continue to receive weekly payouts through a unique safety net tied to Farmz.

How Degenz Works (Post-Deprecation)

Originally, Degenz was a high-stakes PvP game where early players or “whales” often profited, while late or greedy compounders faced losses—a common trait of ROI dApps. To mitigate this, we implemented a safety net at launch: 30% of every deposit was allocated to Farmz’s pool. After Degenz ended, this ensures ongoing weekly USDC payouts for participants based on their 30% contribution, not their full deposit. For example, a $100 deposit with a 5X profit cap (built through compounding) means a $500 total payout target, but only $30 went to Farmz. So far, ~60% of the 30% Farmz allocation has been paid out, with payouts continuing until users reach their target (up to 5X), after which their NFT burns. Degenz NFTs and payouts now operate on Base, integrated into the Farmz ecosystem.

• Status: Deprecated; active for ~2 months with $1M+ in deposits.

• Safety Net: 30% of deposits allocated to Farmz for ongoing weekly USDC payouts.

• Payout Progress: ~60% of the 30% Farmz allocation paid out to date.

• Profit Cap: Up to 5X target (e.g., $100 deposit, 5X cap = $500 payout).

• NFT Burning: NFTs burn once the payout target is reached.

• Chain Transition: Originally on BNB Smart Chain, now on Base for NFTs and payouts.

Why Degenz Was Unique

Degenz was a community-driven experiment, born from overwhelming user demand despite our initial hesitation. Unlike typical ROI dApps, we prioritized transparency, making it ultra-clear this was a fun, competitive staking game—not an investment—with a safety net to soften the collapse. The Farmz integration ensures long-term payouts (up to a 5X cap), providing a recovery path for participants, even if slower than expected. While some users complain about receiving payouts based on the 30% Farmz allocation rather than their full deposit, this was a core design choice communicated upfront. Degenz showcased Monstro DeFi’s willingness to innovate playfully, with daily excitement around compounding (“Hit that 4X button!”). We may explore a Season 2 with a redesigned approach based on Season 1 learnings.

Track Your Degenz Payouts

Degenz payouts are now integrated into the Farmz ecosystem. Here’s how to stay updated:

1. Track: Monitor your payouts on the Farmz Dashboard.
2. Earn: Receive weekly USDC payouts until your target (up to 5X) is met, then your NFT burns.

Useful Links

• Farmz Dashboard: View your Degenz payouts in the Farmz dashboard.

Degenz was a wild, community-fueled ride in Monstro DeFi’s history, blending fun with innovation. While the game has ended, its legacy continues through Farmz payouts, with potential for a Season 2 on the horizon.